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Loans to Sugar Factories and Spinning Mills


By taking view that sugarcane products by farmers in that district is processed by the sugar factories in the districts is process by the sugar factories in specified time frame and to get the proper benefit to him, bank provides Working Capital Loan to sugar factories & also Term loan were given to SSKs for modernization, expansion etc. Also bank provides working capital and Term Loan to spinning mills. The interest rate on such loans is as under which was reasonable as comparison to other banks.

Sugar Factories

Sr. No.

Type of Loan

Interest Rate

1

Pledge

12.00%

2

Hypothecation

13.00%

3

Clean Cash Credit

13.50%

4

Internal/Temporary

14.00%

5

Medium Term

12.75%

6

Working Capital Term Loan

14.00%

7

Co-generation of Electricity

12.00%

Spinning Mill

Sr. No.

Type of Loan

Interest Rate

1

Pledge

12.00%

2

Hypothecation

13.00%

3

Clean Cash Credit

13.50%

4

Internal/Temporary

14.00%

5

Medium Term

12.75%

 

 

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