ARTHIYAS PLUS SCHEME
To finance commission agents against their receivables of farmers.
Who is eligible for the loan?
Commission agents with valid license from the market yard/Board and who are in business for the last 3 years. Only commission agents having receivables from farmers and functioning in rural and semi urban markets /mandis.
Maximum of Rs 50 lacs in the form of cash credit.
Documents you need to provide
Disbursement of the loan
60 % of the book debt is given as loan directly in cash.
Hypothecation of the receivables and the movable assets, including stocks, if any Collateral: for loan upto Rs 25 lacs ; Mortgage of residential / commercial property (other than agricultural property) worth at least 1.5 times of the advance sought belonging to either the applicant or a guarantor.
For loans above Rs 25 lacs : Mortgage of residential / commercial property worth 2 times of the advance value.
How do you repay?
The loan amount is to be repaid at the end of cropping and marketing season within a period of 6 months.
How to apply for this loan?
You may contact our nearest branch or even talk to the marketing officers visiting your village.