Eligibility Criteria - Kisan Mitra Loan

• Valid license/registration for the activity
• 3 years of operation and 2 years of profitability

Security:

• Primary: a) Overdraft: Nil b) Cash Credit: Hypothecation (First charge) over the entire current assets, existing & future c) Term Loan: Exclusive Hypothecation / Mortgage charge over the assets purchased/created out of our loan
• Collateral: Registered (OR) Equitable Mortgage of NA Residential, Commercial, 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