| Purpose |
- For short term credit requirements of rearing of Fish, Shrimps, Other aquatic organisms & capture of fish etc.,
|
| Eligible activity |
- Inland fisheries & Aqua culture
- Marine fisheries
|
| Eligible amount |
- Upto ₹2,00,000/- with Interest Subvention
- Above ₹2,00,000/- without Interest Subvention
|
| Period of Loan & Repayment |
- 5 Years
- Annual Repayment (Renewable every year )
|
| Rate of Interest |
|
| Processing Charges |
- Upto ₹25,000/- - NIL
- Above ₹25,000/- - ₹300/- per lakh or part there of
|
| Security |
- Upto ₹1,60,000/- - Hypothecation of assets created out of loan
- Above ₹1,60,000/- - Collateral security by way of Mortgage (or) Gold
|
| How to apply |
- Please contact nearest Tamil Nadu Grama Bank’s Branch for more details
|
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