Unieq Krishi Pro
Agro Processors/Manufacturers
Food and Agro processors are mainstays who have buoyed the growth of our country, which is primarily agrarian in population. Unieq Krishi Pro is a credit product designed to meet the fund and non-fund based credit requirements of this industry. For more details related to the services, please refer to the information provided below.
Target Clients/Markets
- Primary Agri processors (Units engaged in cleaning / Grading/ sorting of Agri products For eg. Groundnut decortication units, Pepper garbling units, minor millet cleaning and packing units, indigenous extraction and retail packing of edible oils, coffee curing and grading units, marine/fish cleaning and peeling units etc, milk chilling plants, Sericulture yarn reeling units. etc)
- Primary cum secondary processing units (Rice mills, Dal mills, Floor mills, Hi-tech oil extraction units, Fruit & vegetable processing incl. pickling, Milk & Milk product processing units, meat/poultry/marine products processing etc)
- Secondary cum Tertiary processing units (Units manufacturing consumer food products (Ready to eat, packaged foods, packaged drinking water, non-alcoholic beverages), Production of Bakery and confectionery products and their distribution, Sago manufacturing, mega food parks etc.)
- Corporate Farmers engaged Allied activities of Agriculture such as rearing, breeding and hatching of poultry/Fishery/Dairy, on a commercial scale
Constitution
Individuals/Sole Proprietorships holding a valid license/HUFs that are proprietorships/Partnerships (Registered/ Unregistered)/Limited Liability Partnerships/Private Limited companies/Dairy Farmer Cooperatives/Other Non-individual entities such as Corporate farmers/Farmer producer Organisations/Companies (FPOs/FPCs)
- Simplified Assessment
- Range of Facilities (Fund and Non fund)
- Radius of operation upto 75 kms from Agri lending designated branch
Interest Rate
Competitive rates linked to External Benchmark (Rate is arrived based on T Bill Rate) published by Financial Benchmark India Private Ltd.
Facility Type
| Fund Based | Non Fund Based | ||
|---|---|---|---|
| Overdraft | Bank Guarantee | ||
| Cash Credit | |||
| Term Loan | |||
| Working Capital Demand Loans | |||
Purpose
Financing working capital, capital expenditure and non-fund based requirements of the borrowers.
Limit
Minimum Rs.10.50 lakhs and Maximum up to Rs.1000 lakhs
- Valid license/registration for the activity
- 3 years of vintage in line of business and 2 years of profitability
- Acceptable credit score
Security
Primary: Cash Credit: Hypothecation charge on current assets, Term Loan: Exclusive Hypothecation / Mortgage charge over the assets purchased/created out of our loan
Collateral: Registered (OR) Equitable Mortgage of Immovable/Non- Agri properties in the form of Residential building, Commercial buildings, Industrial properties; Liquid Security (Fixed Deposits & LIC Policy surrender value).
Guarantee: Personal Guarantee of all the promoter directors / partners mandatory. In case the property is registered in the name of a third party(s), then the personal/corporate guarantee of the third party(s) is also mandatory.
PDCs: As per prevailing guidelines
- KYC documents
- Application form
- Property and Income documents
- Project reports in case of Term Loans
- Bank statement
- Other documents prescribed in the ‘Checklist’
All documents should be self-attested by applicant/borrower
Loan at the sole discretion of Equitas Small Finance Bank Ltd.
Rate Card for W.C and Term Loan Facilities:
| Particulars | Minimum Card Rate |
|---|---|
| In-principle Processing fee | Rs.5000 or 50% of the processing fee, whichever is higher |
| Processing Fee | Minimum 1.00% of the facility amount |
| Renewal Fees | Minimum 0.50% of the facility amount |
| Security not perfected | 6% p.a over and above the agreed rate |
| Penal Interest on Installment/Interest overdue | 24% on the overdue amount |
| Penal Interest for non-submission of Stock Statement | @2% additional rate on existing ROI for non-submission of Stock Statement |
| Penal Interest on non-renewal of W.C Limits on time | 6% on the sanctioned W.C limit, from the date of expiry up to renewal date. |
| Non-Submission of property/stock insurance | 2% additional Rate of interest on the amount out-standing. |
| ROC Filing charges | Rs. 3000/- (plus taxes) per filing on availing bank empaneled vendor services. |
| Cheque Bounce Charges (Term Loan) | Rs. 500/- (plus taxes) Per cheque bounce |
| Late payment penalty (Term Loan) | 24% per annum (plus taxes) on the amount out-standing from date of default. |
| Commission on LC - Usance |
Upto 1% p.a. on Usance LC (plus taxes) for first 3 months Additional 1.00% for LC Usance period beyond 3 months up to 6 months |
| Commission on LC - Sight | Upto 1% p.a. on LC value .Minimum Rs.1500/- plus taxes as applicable per issuance. |
| LC Text Amendment Charges | Rs.750/- plus taxes as applicable per amendment |
| LC Value & Tenor Amendment | Will be charged as LC issuance charges plus amendment charges as above |
| Issuance of Bank Guarantee - Performance/Financial Guarantee | 2 .0% p.a on Bank Guarantee Amount. Minimum Rs.2000/- |
| BG Issuance Handling Charges (Courier Charges ) | INR 200 plus taxes as applicable |
| Incremental Interest on Temporary Overdrafts (TOD) | 2% above the ROI charged on the regular limit, for the days TOD is used |
| Takeover Charges in case the loan is taken-over by other Banks or NBFCs. | 2% of loan Outstanding for Term loan and 2% of the sanctioned limit for Working Capital Facility (plus taxes as applicable) |
| Modification/ Change/ Substitution of Security Properties | Rs.2500/- plus taxes as applicable |
| Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable) | |
Account Features for CC/OD Product code
- Cheque book
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Charge Type Charges Applicable Free Cheque book (PAP cheque book of 25 leafs) 4 cheque book free per month for limit amount equal to or greater than Rs. 2 Cr. 8 cheque books free per month for limit amount less than Rs. 2 Cr. Charges beyond free limits Rs. 2 per leaf - Collections
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Charge Type Charges Applicable Local Cheque clearing Free Outstation cheque collection charges at bank location Upto 3 cheques free per month. Charges as under thereafter Cheque value upto Rs.10000, Rs.50/- per instrument Outstation cheque collection charges at non-bank location Cheque value > Rs.10000 and upto Rs.1 lac, Rs.100/- per instrument Cheque value > Rs.1 lac, Rs.150/- per instrument - Inward remittance
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Charge Type Charges Applicable RTGS Inward Free NEFT Inward Free IMPS Inward Free - Payments
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Charge Type Charges Applicable Demand Draft and Payorder at branch locations Free upto 10 DDs or POs per month Charges beyond free limits Rs. 50 per DD/P.O Demand Draft at non-branch locations Rs. 100 per DD PAP Cheque payment Free RTGS and NEFT Outward Charges at branch (Free online) Free IMPS Outward Upto Rs. 2, 00,000/- Free , Above Rs. 2,00,000/- Rs. 50 - Cash Charges
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Charge Type Charges Applicable Free Cash Deposit at home location Upto 50% of the sanctioned limit per month Charges beyond free limits Rs. 2/1000 Cash Deposit at Non-Home location Upto 10% of the sanctioned limit per month Charges beyond free limits Rs. 3/1000 Cash Withdrawal at home location Free Cash Withdrawal at Non-Home location Free upto Rs. 50000/- per day by self or third party, beyond which charges of Rs. 3/1000 - Other Charges
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Charge Type Charges Applicable Stop payment single cheque Rs. 100/- per cheque Stop payment series Rs. 150/- for a series of 25 cheques Outward cheque return charges for financial reasons Rs. 50/- per cheque Outward cheque return charges for technical reasons NIL Inward cheque return charges for financial reasons Upto 2 cheques Rs. 350/- per cheque, 3-5 cheques Rs. 500, 6th cheque onwards Rs. 750 per cheque Inward cheque return charges for technical reasons NIL Standing instructions set up Free Standing Instructions failure (return) Rs. 200/- per return ECS/NACH Return due to financial reasons Rs. 500/- per return SMS Alerts Rs. 25 per Quarter - Certificate and Report issuance
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Charge Type Charges Applicable Balance Certificate at Branch (Online Free) Rs. 250/- per instance Previous Year balance and interest statement 1 free per annum, more than 1 Rs. 300/- per statement Signature verification certificate/Photo Attestation/Address Confirmation Nil Duplicate TDS certificate Rs. 100/- Duplicate account statement Print (Free Online or on email) Rs. 200/- DD/PO revalidation/cancellation Rs. 100/- Stock statement non-submission charges Rs. 750/- per month/ Quarter - Doorstep Banking*
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Charge Type Charges Applicable Cheque pickup Oncall per instance Rs.50/- per call Cheque Pickup beat (per month) Rs. 500/- Cash pickup Beat (charges per month) Upto Rs. 200000 Rs.2200/- Rs. 200000 to Rs. 500000 Rs. 3200/- Rs. 500000 to Rs. 1000000 Rs. 8000/- Rs. 1000000 to Rs. 2000000 Rs. 12000/- Rs. 2000000 above Contact Branch Cash pickup On call (charges per instance) Upto Rs. 200000 Rs. 150/- Rs. 200000 to Rs. 500000 Rs. 300/- Rs. 500000 to Rs. 1000000 Rs. 500/- Rs. 1000000 to Rs. 2000000 Rs. 800/- Rs. 2000000 above Contact Branch * Available on request at select locations only Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
Notification of Sanction/Rejection will be communicated to you , within two weeks in case your application is for a credit limit or enhancement in existing credit limit up to Rs.10.50 lakhs ; within 3 weeks in case your application is for a credit limit or enhancement in existing credit limit above 10.50 lakhs and upto 25 lakhs; and within 6 weeks in case your application is for a credit limit or enhancement in existing credit limit above 25 lakhs from the date of receipt, provided your application is complete in all respects and is accompanied by documents as per `check list’ provided.
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