RICE MILLS SCHEME

Purpose To meet the credit needs of the rice shellers/mills including poha
manufacturing units (both existing and new), viz., term loan for
construction of factory building, purchase of machinery/equipments and
working capital.

Target Micro Small and Medium Enterprises (Manufacturing)

Group
The facility to be made available to the existing (on renewal) and new
clients (including borrowal accounts taken over from other
Eligibility
banks/Financial Institution by adhering to the usual norms of take over)
possessing Small Scale Industries registration certificate or those who
have filed/are filing Memorandum of Micro, Small and Medium Enterprises,
in terms of Micro, Small and Medium Enterprises Development Act, 2006.

Nature of Working Capital and Term Loan

facility
Need based as per prevailing guidelines.
Quantum
Maximum: Rs.25 crores only per unit/borrower.

Interest Interest rate ranging from Base Rate + 0.50% p.a. to 1.00% p.a.

Prime: Assets created out of loan

Security Equitable mortgage of immovable property acceptable to the Bank and
whose value is not less than 50% of the limits permitted

CGTMSE Not eligible to be covered under CGTMSE.

Cover

Conditionsapply.Theinformationprovidedaboveisonlyillustrativeandnotexhaustive.

Contact:Formoredetails,pleasecontactyournearest:CanaraBankBranchorEmailto:hosbu@canarabank.com