To meet financial needs
of commission agents/ Arthias dealing in crops, vegetables, fruits etc.
Nature of Facility
C.C./ O.D against book
debts/ receivables not older than 6 months and pertaining to the current
Period of Loan
To be liquidated twice
in a year or within one month of harvesting of the crop (Rabi/ Kharif).
Quantum of loan
Eight times the net brokerage (after taxes) of previous year.
DP subject to 60% of book debts not older than 6 month.
Primary- Hyp. of book
collateral security having value atleast 1.5 times the amount of loan
Rate of interest
Upto 25 Lacs - 11.15% p.a
Above 25 Lacs 11.00 % p.a.