Cold Storage Loan Scheme

Cold storage long term storage and distribution hubs up to 5000 mt capacity are eligible for assistance under the open ended scheme of nhm hmneh a sub scheme of midh.

Cold storage loan scheme.

Nationalized banks offer loans for cold storage in two ways. If the land is rented then the loan available is 90 of the total rental cost of the cold storage. Loan amount offered. The eligible individual will have to keep a collateral security which covers 100 of the loan amount.

However the returns are higher and are on long term basis as compared to other small businesses. The loan disbursal is restricted to 60 of the value of the produce. The assistance is extended as subsidies to credit linked projects 35 of capital cost of project in general area and 50 in case of hilly scheduled area. 5 000 crore under the special window under ridf tranche xviii was made by goi during 2012 13 for financing state governments and.

Adequate cold storage facility is very essential to ensure uninterrupted supply of agricultural commodities to all parts of the country. You are here. Sbi agriculture loan for setting up of cold storages the objectives of sbi financing cold storage is to promote setting up of cold storage and reducing post harvest losses. Loans to warehouses cold storage and cold chain infrastructure.

Cold storage business can also be done with the 80 loan from nationalized bank. Cold storage loan scheme is in fact very useful to agriculturists as well as traders who are running the cold storage business. Cold storage is a one time business investment business wherein the initial investment required is on higher side. Nabard in association with reserve bank of india provides loans for the creation of storage infrastructure of 5000 mt capacity.

Aadhaar linkage of term loan is. Considering the success of the special window under rural infrastructure development fund ridf during 2011 12 an increased allocation of rs. Cold storage for rent. Banks will offer the loan up to 90 of the total rental cost of cold storage.

The individuals who are eligible to get the cold storage loan will get a minimum loan of rs 25 lakhs and a maximum of rs 1 crore. The scheme aims to facilitate the establishment of a strong cold storage facility for agricultural horticultural dairy fish marine poultry meat products by establishing linkage from farm gate to the consumer end to end to reduce losses through efficient storage transportation and minimal processing. Banks will provide loans up to 80 on the total construction cost of cold storage.