SMP New Delhi [India], May 28: India is a country where agriculture is the backbone of the economy and finding a strong support system for farmers and agro-based industries is of utmost importance. Recognizing this, Bank o Maharashtra
Maha Krishi Samriddhi Yojana (MKSY) was launched, which provides financial assistance for agri-infrastructure projects involved in food and agro-based industries, processing activities and development of agricultural infrastructure facilities. MKSY Scheme provides comprehensive solutions to the partnership concerns of individuals, proprietary firms. Farmer Producer Companies (FPCs), Public and Private Limited Companies, LLPs operating in the food and agro-processing sector, Nurturing Growth in Agriculture Bank of Maharashtra understands the process of financing agri-businesses to encourage agro-based industries. And also the MKSY scheme is designed to meet the financial needs of all agri-businesses. The features of the scheme are as follows * MKSY scheme provides finance to new as well as existing.Food and agro-processing units/agro-infrastructure projects under “Agriculture” (including acquisition from other banks/financial institutions) * Under MKSY, scheme loans are given for financing new projects/expansion of existing units i.e. acquisition or construction Can go. Land and buildings, plans and machinery etc. depending on the project cost. It also includes acquisition of an existing unit * The scheme adopts a cluster based approach on a PAN India basis to finance borrowing units, offering a variety of fund based and non-fund based credit facilities such as term loans, working capital facility , export credit is provided. Such as pre-shipment and post-shipment facility, bill purchase, bill discounting, Letter of Credit (LC) and Bank Guarantee (BG), with a maximum loan limit of up to Rs 100.00 crore Nurturing Growth: MKSY for Margin and Rating For approach schemes, term loans and working capital limits, the Bank provides finance at low margins depending on the project. For all accounts with total exposure above Rs 25.00 crore, internal credit rating is done by the bank, and for all loan accounts with total exposure above Rs 25.00 crore, externa credit with a minimum credit risk rating of “BBB”. Rating is mandatory.“Savings and Support: Interest Rates and Concessions The Bank is offering loans under the MKSY Scheme at competitive rates and the decision has been taken on various parameters such as credit risk rating, CIBIL MSME Rank offered etc. Additionally, the Bank has also The Bank has also extended concessions in processing fees for borrowers or units with CIBIL MSME rank between CMR-1 and CMR-2. - Ongoing assistance up to 25-50% to provide financial relief The bank understands the challenges of finance management. Repayment structure and processing charges are configured to lighten the financial burden *Under the scheme, the terms and conditions of the loan. The repayment period is up to 10 years including the moratorium period which is decided depending on the investment objective, economic life of the asset and liquidity.Flow from Business * Working capital loan will be reviewed/renewed annually. Al working capital loan will be repaid on demand. The unique features of MKSY include its cluster-based approach to unlocking the potential in agriculture, which aligns with the One District One Product (ODOP) initiative of the Ministry of Food Processing Industries, Government of India. The scheme is also in line with the directions of the Department of Agriculture and Farmers Welfare, Government of India, demonstrating its commitment to support existing and new agricultural and food processing units. Bank of Maharashtra's Maha Krishi Samriddhi Yojana is a testament to our support and commitment to India.Agricultural progress. It strengthens the shared vision of an agriculture-centric society by providing not only credit but also a healthy ecosystem for growth. To get more information, please visit: https://bankofmaharashtra.in/maha-krishi-samrukhi-yojana
Maha Krishi Samriddhi Yojana (MKSY) was launched, which provides financial assistance for agri-infrastructure projects involved in food and agro-based industries, processing activities and development of agricultural infrastructure facilities. MKSY Scheme provides comprehensive solutions to the partnership concerns of individuals, proprietary firms. Farmer Producer Companies (FPCs), Public and Private Limited Companies, LLPs operating in the food and agro-processing sector, Nurturing Growth in Agriculture Bank of Maharashtra understands the process of financing agri-businesses to encourage agro-based industries. And also the MKSY scheme is designed to meet the financial needs of all agri-businesses. The features of the scheme are as follows * MKSY scheme provides finance to new as well as existing.Food and agro-processing units/agro-infrastructure projects under “Agriculture” (including acquisition from other banks/financial institutions) * Under MKSY, scheme loans are given for financing new projects/expansion of existing units i.e. acquisition or construction Can go. Land and buildings, plans and machinery etc. depending on the project cost. It also includes acquisition of an existing unit * The scheme adopts a cluster based approach on a PAN India basis to finance borrowing units, offering a variety of fund based and non-fund based credit facilities such as term loans, working capital facility , export credit is provided. Such as pre-shipment and post-shipment facility, bill purchase, bill discounting, Letter of Credit (LC) and Bank Guarantee (BG), with a maximum loan limit of up to Rs 100.00 crore Nurturing Growth: MKSY for Margin and Rating For approach schemes, term loans and working capital limits, the Bank provides finance at low margins depending on the project. For all accounts with total exposure above Rs 25.00 crore, internal credit rating is done by the bank, and for all loan accounts with total exposure above Rs 25.00 crore, externa credit with a minimum credit risk rating of “BBB”. Rating is mandatory.“Savings and Support: Interest Rates and Concessions The Bank is offering loans under the MKSY Scheme at competitive rates and the decision has been taken on various parameters such as credit risk rating, CIBIL MSME Rank offered etc. Additionally, the Bank has also The Bank has also extended concessions in processing fees for borrowers or units with CIBIL MSME rank between CMR-1 and CMR-2. - Ongoing assistance up to 25-50% to provide financial relief The bank understands the challenges of finance management. Repayment structure and processing charges are configured to lighten the financial burden *Under the scheme, the terms and conditions of the loan. The repayment period is up to 10 years including the moratorium period which is decided depending on the investment objective, economic life of the asset and liquidity.Flow from Business * Working capital loan will be reviewed/renewed annually. Al working capital loan will be repaid on demand. The unique features of MKSY include its cluster-based approach to unlocking the potential in agriculture, which aligns with the One District One Product (ODOP) initiative of the Ministry of Food Processing Industries, Government of India. The scheme is also in line with the directions of the Department of Agriculture and Farmers Welfare, Government of India, demonstrating its commitment to support existing and new agricultural and food processing units. Bank of Maharashtra's Maha Krishi Samriddhi Yojana is a testament to our support and commitment to India.Agricultural progress. It strengthens the shared vision of an agriculture-centric society by providing not only credit but also a healthy ecosystem for growth. To get more information, please visit: https://bankofmaharashtra.in/maha-krishi-samrukhi-yojana
