"ARTHIA PLUS SCHEME"
Objective
Eligibility
Nature of Facility
Amount of loan
Margin
Rate of Interest
To cater to the financial needs of Commission Agents/ Aratiahs
against their book debts/ receivables, from farmers
Commission Agents / Aratiahs dealing in agricultural produce viz.
Crops, Vegetables, Fruits etc.
Enjoying good reputation in the market and having sufficient
experience in the line of their business.
CC / OD against book debts/ receivables (not older than 6 months).
Eight times of the Net Brokerage/ Commission (after taxes) of the
previous year or `.50.00 lakh, whichever is less. However, the
drawing power will be subject to 60% of the outstanding Book Debts /
Receivables which should not be older than 6 months.
Upto `.25.00 lac
Above `.25.00 lac
Security
Stock Statement
Processing Charges
Inspection Charges
Others
40%
1.75% above Base Rate i.e. 12% P A
As applicable to C&I advances subject to credit
rating.
Primary: Assignment of book debts i.e. the outstanding dues against
the farmers not older than six months, including stocks, if any.
Collateral: Tangible collateral security of adequate value (other than
agriculture land). Realizable value of collateral security should be at
least 133% of the amount of loan sanctioned.
The statement of eligible receivables is to be obtained at half yearly
intervals. The statement will be verified from borrowers' books of
accounts or audited financial statements or C A Certificate.
50% of normal applicable charges.
50% of normal applicable charges.
i. To be liquidated twice in a year or within one month of harvesting
of crop (Rabi / Kharif).
ii. Borrower should have sound financial standing.
iii. Rate of interest on loans above `.25.00 lakh will be based on the
credit rating of the borrower.