Finance To Rice Millers /Seed Plants

To meet the financial needs of rice mill /seed plant units which have varying demands as per their cyclic and seasonal requirements working capital facility, adhoc limits and term loans have been designed to meet their specific needs


  • For working capital, adhoc limits and term loans for investment in plant and machinery, equipments etc to rice mill/seed palnt units

Who Can Borrow

  • Commercial establishments (partnership firms/ pvt. Limited Co./limited cos./any other commercial organization etc) operating as rice mill units/seed plant units

Nature Of Facility Available

  • Cash credit limit
  • Adhoc limit
  • Term loan

Loan Amount

  • Maximum for single borrower Rs.2000 lacs
  • Maximum for group borrower Rs. 5000 lacs


  • Cash credit limit- 12 months subject to renewal
  • Adhoc limit- maximum 120 days (within the overall period of 12 months)
  • Term loan- maximum 15 years

Rate Of Interest

  • The rate of interest as decided by the bank from time to time.


  • Hypothecation of stock and book debts
  • Equitable mortgage of property and other securities as per bank’s discretion


  • Two Guarantors whose net worth is acceptable to the bank

Processing Charges

  • 0.5 % of loan amount + GST

Share Holding

  • 1.5% of the loan amount.

To apply for Demand Loan, please download the below listed form and submit it to your nearest branch