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Shahari Bagwani Yojana

Benefits
Features
Eligibility Criteria
Document Required
Fees & Charges
Most Important Terms And Conditions MITC

Shahari Bagwani Yojana : Benefits

Proprietary or partnership firms, trusts and societies, privately owned schools, Offices, guest houses, hospitals and hotels having at least 1000 square feet of open space can be financed under this scheme.
Maximum amount of loan is Rs. 3 Lakhs for individual and Rs. 30 Lakhs for institutions.
Margin: Up to Rs. 1.00 Lakhs – Nil & Above Rs. 1.00 Lakhs – 15%
Repayment - Maximum 24 month for individuals and 36 month for institutions.

Shahari Bagwani Yojana : Features

Proprietary or partnership firms, trusts and societies, Privately owned schools, Offices, guest houses, hospitals and hotels having at least 1000 square feet of open space can be financed under this scheme. Should possess independent house having 500 sq. ft of open space for gardening.

Should have regular source of income.

A unit cost of Rs.33,000/- will be considered for every 1000 square feet of garden space.
Minimum Area measuring 500 square feet is required for this purpose.

Shahari Bagwani Yojana : Eligibility Criteria

Individual: Should possess independent house having 500 sq. ft of open space for gardening. For raising of roof garden, similar area of open encumbered roof space must be available.

Should have regular source of income. Salaried person, Professionals and business men having steady income will be covered under the scheme.

Shahari Bagwani Yojana : Document Required

KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
Passport Size photo
Quotation/Invoice
Land Records
Project Report
IT Return

Shahari Bagwani Yojana : Fees & Charges

Processing charges:

Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Term Loan

Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

Agriculture exposure upto Rs. 3.00 Lakhs- Nil
Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
Above Rs 1 Crore - Rs 5000

Shahari Bagwani Yojana : Most Important Terms And Conditions MITC

Quantum of Loan

Maximum amount of loan should be Rs. 3 Lakhs for individual and Rs.30 Lakhs for institutions.

Nature of Facility

Demand Loan

Margin

Upto Rs. 1.00 Lakhs - Nil
Over Rs. 1.00 Lakhs - 15 %

Security

Category	Primary Security	Collateral Security
Category	Primary Security	Size of Loan	Criteria
Salaried Employee	Hypothecation of plants/ Crop and garden equipment’s.	Upto Rs. 1.00 lacs	Nil
	Hypothecation of plants/ Crop and garden equipment’s.	Above Rs. 1.00 lacs Upto Rs.3.00 lacs	Undertaking letter from employer for routing of salary through the branch backed by standing instruction
Other Individuals	Hypothecation of plants/ Crop and garden equipments.	Upto Rs. 1.00 lacs	Nil
Other Individuals	Hypothecation of plants/ Crop and garden equipments.	Above Rs. 1.00 lacs Upto Rs.3.00 lacs	Third party guarantee of an individual with worth not less than that of the borrower.
Institutions	Hypothecation of plants/ Crop and garden equipments.	Upto Rs. 1.00 lacs	Nil
		Above Rs. 1.00 lacs upto Rs.30.00 lacs	Collateral Security of at least 50 % of loan amount plus personal guarantee of partners/ Trustee/Promoters

Moratorium Period

Maximum upto 3 months

Rate of Interest

Limit upto Rs.3 Lakhs
Other than Crop Loan	One year MCLR+ SP
Limit above Rs.3 Lakhs and less than Rs.25 Lakhs	One year MCLR+ SP+1.25%
Limit Rs.25 Lakhs and above
3 years & above and upto 5	One year MCLR+ SP+2.10%
Above 5 years and upto 7 years	One year MCLR+ SP+2.15%