Agri 2024158

कृषि प्रभाग, प्रधान कार्ाालर्
प्लाट सं .4, सेक्टर 10, द्वारका, नई षिल्ली- 110075

AGRICULTURE DIVISION, HEAD OFFICE,
PLOT NO.4, SECTOR-10, DWARKA, NEW DELHI-110075
Date: 25-10-2024
TO ALL OFFICES
In supersession of :
Agriculture Division Circular No. 37/2022 dated 27-06-2022
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AGRICULTURE DIVISION CIRCULAR NO. 158/2024
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CENTRAL SECTOR SCHEME FOR FINANCING FACILITY UNDER AGRICULTURE
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INFRASTRUCTURE FUND – AIF SCHEME
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Detailed guidelines on Central Sector Scheme for Financing Facility under Agriculture
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Infrastructure Fund have been circulated vide Agriculture Division Circular No. 37/2022
dated 27-06-2022 and subsequent circulars issued from time to time.
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Now, Ministry of Agriculture and Farmers Welfare (MoA&FW), GoI has issued revised
guidelines on the captioned scheme. Certain amendments have been made in the
existing AIF guidelines and more activities have been added which can be covered under
the AIF Scheme.
Consolidated guidelines on the captioned scheme are enclosed as Annexure.
All field functionaries are advised to ensure meticulous compliance. All Inspecting
Officials are advised to note the guidelines to ensure its compliance. All concerned are
further advised to take possible steps to popularize the scheme and make concerted
efforts to garner fresh business under the scheme.
GENERAL MANAGER
(KULDEEP SINGH RANA)
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Agriculture Division Cir. No. 158/2024:
Central Sector Scheme for financing facility under Agriculture Infrastructure Fund
“Confidential-strictly for internal circulation only”
पंजाब नैशनल बैं क
कृषि प्रभाग, प्रधान कार्ाा लर्
PUNJAB NATIONAL BANK
AGRICULTURE DIVISION, HEAD OFFICE
ANNEXURE
CENTRAL SECTOR SCHEME FOR FINANCING FACILITY UNDER AGRICULTURE

INFRASTRUCTURE FUND (AIF SCHEME)
S. PARAMETERS DESCRIPTION
1) Objective of To mobilize a medium - long term debt financing facility for
Scheme investment in viable projects for post-harvest management
Infrastructure and viable farming assets through incentives
and financial support in order to improve agriculture
infrastructure in the country. This financing facility will fulfil
numerous objectives for all the stakeholders in the
agriculture eco-system.
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2) Implementation The Scheme will be operational till 2032-33.
Period
3) Eligible a) Primary Agricultural Credit Societies (PACS), Marketing
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Beneficiaries Cooperative Societies, Farmer Producers Organizations
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(FPOs), Self Help Groups (SHG), Farmers, Joint Liability
Groups (JLG), Multipurpose Cooperative Societies, Agri-
entrepreneurs, Startups and Central/State agency or
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Local Body sponsored Public Private Partnership

Projects, State Agencies, Agricultural Produce Market
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Committees (Mandis), National & State Federations of

Cooperatives, Federations of FPOs (Farmer Produce
Organizations) and Federations of Self Help Groups
(SHGs)
b) All business entities including companies, partnership
firms etc.
c) APMCs operating regulated markets for agriculture and
allied sector produce including fisheries shall also be
eligible.
d) PACS who have adopted digitization for handling its
operations will be given preference under this scheme.
e) Concerned Officials should ask for and verify the legal
documents/ MoU/ Agreements of eligible community
applying for financing facility under the said scheme in
order to ensure collective responsibility of the eligible
community.
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4) Extent of Loan Need based.

Limit will be decided on the basis of project cost and total
financial outlay of the project.
5) Nature of Term Loan.
facility
6) Eligible The scheme will facilitate setting up and modernization of
projects key elements of the value chain including:
A. Post-Harvest Management Projects

a) Supply chain services including e-marketing
platforms
b) Warehouse & Silos
c) Cold Stores and Cold Chain
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d) Packaging Units
e) Assaying Units
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f) Sorting and grading units
g) Logistic Facilities- Reefer Van & Insulated vehicles
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h) Ripening Chambers
i) Farm residue/waste management infrastructures
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j) Primary Processing activities

k) Integrated primary and secondary processing
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activities** (Appendix-I).
B. Viable Farming Assets

a) Organic inputs production – Vermicomposting etc.
b) Compressed Biogas (CBG) Plant
c) Bio stimulant production units
d) Infrastructure for smart and precision agriculture -
Purchase of drones, boom sprayer, putting up
specialized sensors on field, Blockchain and AI in
agriculture etc., Remote sensing and Internet of
Things (IOT) such as automatic weather station,
Farm advisory services through GIS applications.
e) Nursery
f) Tissue culture
g) Seed Processing
h) Custom Hiring Center –farm machinery/ implements
(minimum of 4 in quantity)
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i) Farm/Harvest Automation (combine harvestor,

sugarcane harvestor etc.)
j) Setting up of Decentralized Ground/ Stilt Mounted
Grid Connected Solar based Power Plants (PM-
KUSUM component A)
k) Standalone solar pumping system (PM-KUSUM
component B)
l) Solarization of grid connected agri-pump under PM-
KUSUM component C
m) Integrated Spirulina production & processing units
n) Sericulture processing unit
o) Honey processing
p) Plant quarantine units
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q) Projects identified for providing supply chain
infrastructure for clusters of crops including export
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clusters.
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r) Projects promoted by Central/State/Local
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Governments or their agencies under PPP for
building viable farming assets or post-harvest
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management projects.
s) Hydroponic Farming
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t) Mushroom farming
u) Vertical farming
v) Aeroponic farming
w) Poly house/ Greenhouse
x) Logistics facilities (including non-
refrigerated/insulated vehicles) #
y) Tractor#
Note:
 Solarization of any of the eligible infrastructure can also
be financed under AIF.
 Digital Connectivity and optic fiber infrastructure shall
be eligible investment as part of development of the
aforementioned eligible projects.
 Component-A of PM-KUSUM eligible for Individual
farmers/ Group of farmers/ FPOs/ Cooperatives/
Panchayats to set up solar power plants of capacity up
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to 2 MW on barren/cultivable/uncultivable/
pasturelands or marshy lands.
 **Standalone secondary processing infrastructures are
not eligible.
 #Not eligible for individuals/ farmers.
7) Rate of Interest ROI will be applicable in terms of bank’s extant guidelines.
a) Upto a limit of ₹2.00 Cr: MCLR (6 Months) + 1%
(Subject to Max. 9%)
b) More than ₹2.00 Cr: Linked to ERR & IRR (Appendix-II)
8) Interest All loans under this financing facility will have interest
Subvention subvention of 3% per annum up to a limit of ₹2 Crore. This
subvention will be available for a maximum period of 7 years.
In case of loans beyond ₹2 Crore, then interest subvention
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will be limited up to ₹2 Crore.
9) Credit Credit guarantee coverage will be available for eligible
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Guarantee Cost borrowers from this financing facility under Credit Guarantee
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Fund Trust for Micro and Small Enterprises (CGTMSE)
scheme for loans upto ₹2 Crore. The fee for this coverage
will be paid by the Government. In case of FPOs, the credit
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guarantee may be availed from the facility created under

FPO promotion scheme of DA&FW and NABSanrakshan
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Trustee Company Pvt. Ltd. However, FPOs are also eligible

for reimbursement of credit guarantee fee under AIF.
10) Administration Farmers Welfare Programme Implementation Society under
Cost of PMU DA&FW will provide PMU support to the scheme at the
central level. With the financial assistance from DA&FW,
each of the States/ UTs will set-up PMUs in their respective
states for creation of awareness, identifying potential
clusters, mobilization of applications, review of all the
stakeholders, and providing all necessary handholding
support under the scheme.
11) Number of a) Interest subvention for a loan upto ₹2 Crore in one
Projects per location is eligible under the scheme. Multiple projects in
entity eligible one location are also eligible with an overall cap of
under the ₹2 Crore. ln case, one eligible entity puts up projects in
scheme different locations then all such projects will be eligible
under the scheme for loan upto ₹2 Crore. However, for
a private sector entity, such as farmer, agri entrepreneur,
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start-up, there will be a limit of maximum of 25 such

projects. This limitation of 25 projects will not be
applicable to state agencies, cooperatives, national and
state federations of cooperatives, FPOs, federations of
FPOs, SHGs and federation of SHGs. Location will mean
physical boundary of a village or town having a distinct
LGD (Local Government Directory) code. Each of such
project should be in a location having a separate LGD
(Local Government Directory) Code.
b) For APMCs, multiple projects of different infrastructure

types can be sanctioned in its designated market area.
ln such cases, interest subvention for a loan upto
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₹2 Crore will be provided for each project of different
infrastructure types e.g. cold storage, sorting, grading
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and assaying units, silos, etc. within the designated
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market area of the APMC.
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12) Convergence Any grant or subsidy available under any present or future
scheme of Central/State government can be availed for
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projects under this financing facility, e.g. MIDH, PMFME,

SMAM, Gobar-Dhan, PMKSY, AMI, PACS as MSC, RKVY,
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PM-KUSUM (A, B and C), PMEGP etc. In cases of capital

subsidy such amount shall be considered as promoter’s
contribution. However, a minimum of 10% of the project cost
shall be mandatory as promoter’s contribution.
13) Loaning Loaning powers to be exercised in terms of Bank’s extant
Powers guidelines. Presently in terms of IRMD Loans & Advances
Circular No. 50/2024, dated 19-04-2024 and subsequent
amendments issued from time to time.
14) Security A. Primary Security:
a) Hypothecation of Assets i.e. P&M, Equipment, Vehicles
etc. created out of Bank finance (present and future).
b) Mortgage of Project Land with existing/future
construction thereon.
B. Collateral Security:
a) Collateral security is to be obtained as per Bank’s extant

guidelines.
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b) Sanctioning authority in all the scales are empowered to

sanction the loans, as per their vested loaning power.
CGTMSE coverage wherever applicable shall be as per

guidelines issued vide MSME Division Circular No. 04/2022,
dated 06-01-2022 and other subsequent amendments
issued from time to time.
NOTE:
a) Valuation of IPs is to be done as per Bank’s extant
guidelines.
b) Where mortgage cannot be created immediately, other
collateral security (IP/ Liquid Security) to be taken.
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c) In situations where the mortgage by deposit of title deed
is not possible, the property being ancestral property
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(without title deed), the sanctioning authority may accept,
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at its discretion, the registered mortgage of such
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property, if possible and/ or equitable/ registered
mortgage of some other property.
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However, in above cases, following should be ensured:

i. The property should be clearly demarcated and
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identifiable and should have an independent access.

ii. In case the above conditions are not compliable, all
the co- owners should be made mortgagee.
d) Mortgage of IPs is to be obtained as per extant guidelines
circulated by Bank.
e) Detailed guidelines on mortgage of immovable
property/assets and filing of particulars of transaction
creating security interest (Mortgages) by way of deposit
of Title Deeds with Central Registry (CERSAI) to be
complied with.
15) Margin Norms Limit up to Margin (% of Project cost)
Up to ₹2.00 Cr 10%
>₹2 Cr to ₹10 Cr 15%
>₹10 Cr 25%
NOTE: Any grant or subsidy available under any present or

future scheme of Central/State government can be availed
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for projects under this financing facility. In cases of capital

subsidy, such amount shall be considered as promoter’s
contribution. However, a minimum of 10% of the project cost
shall be mandatory as promoter’s contribution.
16) Processing & All guidelines regarding service charges/ documentation
Documentation charges/ inspection charges/ other charges to be complied
Charges with in terms of Bank’s extant guidelines, presently in terms
of IRMD Loans & Advances Circular No.207, dated 31-12-
2021.
17) Repayment The loan is to be repaid within a maximum period of 8- 10
period years inclusive of moratorium period of 6 months to 2 years,
on case to case basis depending upon the total financial
outlay of the project.
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However, benefits of interest subvention and
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reimbursement of credit guarantee fee under AIF
Scheme will be available for a maximum period of 7 years
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including the moratorium period of up to 2 years.
18) Credit Risk Rating/ scoring to be done in terms of extant guidelines of
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Rating the bank.

19) Payment of a) With a view to employ a more straightforward and
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CGTMSE fee by uniform fee payment process, Ministry of Agriculture and

Banks and its Farmers’ Welfare vide Notification No.1005-6/2021-AIF
Reimbursement dated 03-01-2024 has issued modification in guidelines
on the captioned scheme with respect to payment of
CGTMSE fee by banks and its reimbursement.
b) Accordingly, Banks were advised to pay the CGTMSE
fee by debiting the beneficiaries' accounts directly
instead of debiting suspense account of Circle/Zonal
Office.
c) Claim for reimbursement to be made subsequently,
similar to the method employed for interest subvention.
d) This modification in the claim process would allow for
better tracking and reconciliation of transactions.
e) Concerned Officials to adhere to the uniform process of
debiting Beneficiaries' accounts towards CGTMSE Fee
and claim for reimbursement for those Beneficiaries
along with the Interest subvention.
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20) Public Financial a) Interest subvention and credit guarantee support will be
Management released to Banks and lending institutions through
System PFMS.
b) Disbursal of funds by lending entities to beneficiaries
under this scheme shall be in Aadhaar linked bank
account.
21) Sector Specific 24% of total grants – in – aid under the scheme should be
Focus utilized for SC/ST entrepreneurs (16% for SC and 8% for ST).
Besides this, lending institutions would ensure adequate
coverage of entrepreneurs belonging to women and other
weaker segments of
society may be provided loan on priority basis to ensure that
benefits of implementation are inclusive and accrued to the
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intended beneficiaries in accordance with Government
guidelines and policies.
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22) Monitoring a) The National, State and District Level Monitoring
Framework Committees shall ensure real-time monitoring and
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effective feed-back about the implementation of the
scheme.
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b) All assets created under this financing facility shall be geo

tagged. The District Monitoring Committee and respective
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lending entity shall ensure that updated information on

such geo tagged assets is available on the online portal.
23) Classification a) Loans for construction of storage facilities (warehouse,
market yards, godowns and silos) including cold storage
units/cold storage chains designed to store agriculture
produce/products, irrespective of their location with an
aggregate sanctioned limit upto ₹100 crore per borrower
from the banking system shall be eligible for
classification under Agriculture: Agriculture
Infrastructure.
b) Other advances will be classified under MSME in terms
of the Reserve Bank of India guidelines.
24) Insurance All the securities charged to the Bank should be kept fully
insured against fire and other risks as per Bank guidelines.
The insurance policies should be in the joint names of the
borrower and the Bank with the agreed Bank clause.
Securities mortgaged or hypothecated to the Bank shall be
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insured at borrower’s cost as per extant guidelines of the

Bank.
25) Mode of Term Loan may be disbursed in installments as per the
Disbursement stages of development of project. Disbursement should be
made directly to the supplier.
26) Refinance If required, need based refinance support will be made
available by NABARD to all eligible lending entities including
cooperative banks and RRBs as per its policy.
27) Viability Gap In case VGF requirement is projected by central / state / local
Funding bodies, norms as prescribed by Department of Economic
Requirement Affairs for PPP projects will be adhered to.
(VGF)
Application Form (upto ₹100 Lakh)
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28) Documentation PNB 1166
Application Form (>₹100 Lakh upto ₹200 Lakh) PNB 1016
Application Form (Above ₹200 Lakh) PNB 1017
OTHER DOCUMENTS
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Authority letter for insurance PNB 374
Hypothecation of assets to secure term loan PNB 576
Term Loan agreement PNB 639
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Agreement of guarantee PNB 58

Documentary Promissory Note PNB 728
Field Visit Report PNB 2059
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Master Agreement PNB 2057

IT Authorization PNB 2058
Key Fact Statement
STATUS CUM NET WORTH REPORT
For Farm Advances having limits above ₹3 PNB 539
Lakh and up to ₹10 Lakh: Simplified SNW report.
(for Individuals / SHGs and others)
For loans above Rs. 10 lakh
For Business Loans / Farm Advances above ₹10 PNB 282A
lakh and up to ₹50.00 Lakh – To be compiled
based on Borrower’s/ Guarantor’s declaration
For Business / Farm Advances above ₹50.00 PNB 282 B

Lakh – To be compiled based on Borrower’s/
Guarantor’s declaration along with either
Documentary evidence of Assets & Liabilities or
CA certified Assets & Liabilities statement not
older than 30 days prior to date of report
compilation
Brief SNW Report on Individuals PNB 282 C
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29) Project An online platform will be made available by Govt. of India

Management and participating Banks to provide information and loan
and sanctioning facility. Agri. Infra fund will be managed and
handholding monitored through an online MIS platform. It will enable all the
support qualified entities to apply for loan under the fund. The system
will also provide benefits such as transparency of interest
rates offered by multiple banks, scheme details including
interest subvention and credit guarantee offered, minimum
documentation, faster approval process as also integration
with other scheme benefits. At the back end, the platform will
also provide multiple views of dashboards across district;
state and national level PMUs to monitor the total sanctioned
amount and number of borrowers, total interest subvention
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benefit availed, loan statement summary, demographic and
geographic mix of borrowers and type of projects.
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Each of the States/ UTs will set-up PMUs in their respective
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states for creation of awareness, identifying potential clusters,
mobilization of applications, review of all the stakeholders,
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and providing all necessary handholding support under the

scheme.
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Project reports with indicative unit costs will be prepared by

Central and State PMUs for guidance of beneficiaries and
lending entities. Such project reports shall be available on
online platform.
30) Output And The Output and Outcome Monitoring Framework (OOMF) will
Outcome be a part of monitoring system and the measurement of
Monitoring outcome indicators will be monitored periodically by DLMC,
Framework SLMC and NLMC.
(OOMF)
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31) Processing of
Loan in PNB Loan to be processed through PNB Lens mandatorily which is
Lens - available under MSME Module – AIF Scheme.
Scheme Code TLAIF
TLIFS (for opening accounts under the
scheme where benefit of subsidy is
available in convergence with other
government schemes)
Sector code AGRI
Sub Sector  AGFCR- Farm Credit
Code  AGINF- Agri. Infrastructure
 AGANC- Agri. Ancillary
Free Text 7 Application Id (7 digits)
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Free Code 10 AIF
Interest Table Interest Table Codes are enclosed as
Code Appendix-III
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32) Handling of Ministry of Agriculture and Farmer Welfare vide Circular
Loan Accounts 1005-17/2022-AIF dated 11-08-2023 had issued clarification
with respect to handling of AlF loan accounts where quantum
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of loan exceeds the specified limit of ₹2 Crore under

Agriculture Infrastructure Fund (AIF) Scheme:
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a) Two separate loan accounts are to be opened under

Scheme Code (TLAIF or TLIFS- where subsidy is
available) for the purpose of calculation of interest and
appropriation of subvention amount - one for loan amount
₹2 Crore and other for rest of loan amount.
b) When EMI / periodical loan installment is collected, it
should be proportionately distributed between both the
AIF and Non-AIF component on the basis of the quantum
of loan in each component.
c) As and when Interest subvention is received, such an
amount should be credited to the AlF component of the
Loan. Under no circumstances the AlF Interest subvention
should be appropriated to non-AlF component of the
Loan.
d) It is to be ensured that subvention benefits are available
in AIF loan accounts only upto 7 years.
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Appendix-I
LIST OF INTEGRATED PRIMARY AND SECONDARY PROCESSING ACTIVITIES
Eligible
Eligible Primary Integrated
Sl. Ineligible
Crops Processing Secondary
No. activities
Activities* Processing
Activities**
1 Cereals & Millets Cleaning, De-Stoning, Products like Malting and
Wheat, Rice, Sorting & Grading, Hulling, Bread, Biscuits, alcoholic
Sorghum, Barley, Milling (Flour, Maida, Sooji, Pasta, snack foods beverage
Maize, Oat, Etc. Daliya), Pounding, Grinding, etc., starch, Oat making
Tempering, Parboiling, Meal, Sorghum
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Soaking, Drying, Sieving, Syrup, vinegar,
Irradiation, Packaging, Roasted, Fortified,
Flaking, Storage Puffed products,
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(Warehouse, Silos) animal feed
2 Fruits
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And Washing, Cleaning, Drying, fruit juices, pulp, Alcoholic
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Vegetables Sorting, Grading, Freezing ketchup, fruit beverage
(IQF & Blast), Blanching For concentrates, making
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Primary Processing, Jams, jellies,

Cooling, Waxing, Candies,
Conditioning, Pack house, marmalades, fruit
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Cold Store, Ripening fillings, and canned

Chamber, Reefer Van, fruits. Canned
Bucket Elevators, vegetables,
Packaging vegetable juices,
pickles, chutneys,
and vegetable
purees., vinegar,
dehydrated fruit
and vegetables,
Fruit and Vegetable
Powders & flour
3 Oilseeds & Oil Cleaning, De-Stoning, Refining Oil-based
Palms DeHusking, (Decorticating lubricants,
Groundnut, Machines), Winnowing, Oil Groundnut,
Rapeseed & Extraction (Ghani, Hydraulic Biodiesel
Mustard, Press etc.), Solvent
Soybean, Extraction, Oil Seed Cake
Sunflower,
Sesame,
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Safflower,
Linseed, Olives,
Oil Palm Etc.
4 Pulses Cleaning, De-Stoning, Pulse-based Pulse-based

Bengal Gram , Drying, Sorting & Grading, snacks (roasted protein powders
Pigeon Peas, De-Husking, Splitting, De- chickpeas, lentil
Green Gram, Hulling, Milling (Besan), chips, and pea
Chick Peas, Black Irradiation, Packaging, crisps), Canned
Gram, Red Storage pulses, guar gum,
Kidney Beans, Pulse-based flake,
Black Eyed Peas, animal feed, ready
White Peas Etc. to cook & ready to
eat foods, Papads
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etc.
5 Spices Cleaning, Drying, Sorting, Spice pastes,
Red Chilli, Boiling, Polishing, Grinding, Spices mix,
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Cumin, Clove, Packaging, Storage, extracts and
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Coriander, Irradiation essential oils,
Cinnamon, Infused oils and
Garlic, Ginger, vinegars, Pickled
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Turmeric, spices
Fenugreek,
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Cardamom Etc.
6 Cash Crops
Cotton Cleaning, Drying, Ginning, Fibre Making, Weaving,
Pressing & Bailing, Linting, Fibre scouring Textiles,
Cotton Seed Oil, Seed plastics,
Cake synthetic
rubber,
Sugarcane Cane Unloading, Cleaning, Making Paper &
Cane Breaking, Cane Board with
Milling, Straining, Bagasse,
Evaporators, Fermentation,
Centrifugation, Storage Alcoholic
Tanks, Dryers, Sugar Distillation
Crystals, Jaggery,
Packaging & Storage
Jute Cutting, Retting, Stripping, Jute rope making Making Jute
Washing, Drying, Bailing, Cloth, Bags,
Packing, Storage Sacks
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Tea & Coffee Cleaning & Washing, Cocoa butter, Cosmetic

Withering, Rolling, Cocoa bar, Instant/ products such
Fermentation, Drying, beaten coffee as scrub, body
Sorting, Drying Of Cherries, wash etc.
Hulling, Pulping, Oxidation,
Packaging (Including Tea
Bags) , White Tea, Green
Tea, Black Tea
Coconut Dehusking, Deshelling, Butter, coir rope Cream
Cutting, Drying (Copra) , making
Grinding, Extraction Of
Coconut Water, Coconut
Milk Extraction,
Centrifugation, Hot
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Processing, Virgin Coconut
Oil, Packaging
Rubber Mastication, Mixing, Products like
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Shaping, Curing, Irradiation Tyres,
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Mattresses,
Bottles, Boots
etc.
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Tobacco Cleaning, Grading, Sorting, Making of

Curing, Drying, Storage Chew, Cigars,
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Dips Etc.
7 Nuts Cleaning, Grading, Nut butter, roasted
Cashew, Streaming nuts, nut milk, nut
Almonds, In Boiler, Shell Cutting, flour, candied nuts,
Walnuts, Drying, Peeling, Grading, and nut oils and
Pistachios etc. Packaging, Shelling, snacks.
Separation, Packaging,
Hulling, Washing, Drying,
Storage, Packaging,
Conveying Belts
8 Herbal, Medicinal Cleaning, Sorting, Drying, Syrup Herbal
& Aromatic Milling, Extraction Of Oil, supplements
Crops Barberry, Packaging, Storage like capsules,
Liquorice, Bael, tablets, or other
Isabgol, Guggal, forms, Pills,
Kerth, Aonla, Cream,
Chandan,
Senna,
Baiberang,
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Brahmi,
Eucalyptus,
Jatamansi Etc.
9 Bamboo Drying, Cutting, Stripping, Processed Food Products such
Formation Of Sheets, Products likeas Fibre, etc.
Bamboo Charcoal , Pickles, ready to Furniture,
Powder, Granules, Bamboo eat Etc. Bamboo
Treatment Plant, Bamboo textiles,
Depots & Godown agarbatti
10 Fodder Crops Cutting, Mixing, Grinding Feed blocks, Protein
Berseem, Forage Fodder meals, Hay concentrates
Sorghum, Etc. cubes and pellets
11 Tuber Crops Peeling And Washing, Chips, flour, Starch Alcoholic
Grating, Products
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Sweet Potatoes,
Cassava Etc. Fermentation, Drying,
Sieving, Milling, Storage
12 Arecanut Cleaning, Dehusking, Hardboard,
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Peeling, Splitting, Boiling, Insulation Wool,
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Drying, Packaging Cushions,
Paper, Paper
Board etc
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Page 16 of 19
APPENDIX-II
RATE OF INTEREST ON ADVANCES ABOVE 2 CRORE LINKED TO MCLR
(Spread over MCLR (1 Year))
EXTERNAL RISK RATING

INTERNAL
RISK
RATING BB &
AAA AA A BBB UNRATED
BELOW
1 0.20 0.25 0.30 0.40 2.05 0.55
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2 0.20 0.30 0.35 0.45 2.10 0.60
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22
3 0.55 0.65 0.75 0.85 2.45 1.00
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4 1.10 1.15 1.20 1.30 3.00 1.45
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5 1.60 1.65 1.70 1.80 3.50 1.95

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6 2.50 2.60 2.95 3.55 4.40 3.80
7 4.40 4.45 4.85 5.00 5.00 5.00
9 5.00
10
Page 17 of 19
APPENDIX-III
INTEREST TABLE CODES
1. For loans up to ₹2 Crore: MCLR (6 Months) +1%: AIFL2
2. For Loans above ₹2 Crore:
External Rating
Internal
Risk Rating BB &
AAA AA A BBB Unrated
below
:07
1 PA13A PA12A PA11A PA13B PA12B PA1UR
24 1
22
-20 47
-10 23

27 52
5 PB13A PB12A PB11A PB13B PB12B PB1UR
8 PC1FA
9 PC2FA
10 PC3FA
Page 18 of 19
COLLATERAL LINKED CONCESSIONS
Concession in Applicable Card Rate as per

Security Coverage
Internal Risk Rating
(% of total exposure)
1 to 6 7 & below
Up to 50% of loan amount NIL NIL
> 50% and up to 75% 0.25% NIL
> 75% and up to 100 % 0.50% NIL
> 100% and up to 150% 0.75% NIL
:07
> 150% 1.00% NIL
24 1
Stipulations:
22
-20 47
 This concession shall not be allowed on collateral securities in shape of Agriculture
Land, Educational Institution, Hospitals, Nursing Homes, Guarantee Cover, Plant &
-10 23
Machinery.
 In any case, the interest rate should not be below applicable benchmark, after
exercising the discretionary powers and concessions.
27 52
 0.50% concession shall be available to women entrepreneur enterprises classified

under Priority sector. An enterprise shall be classified as Women Entrepreneur
enterprise where:
 One or more women entrepreneurs have not less than 51% financial holding.
 In case of partnership concern, one or more women partners have not less than
51% profit/ loss sharing ratio as per the registered partnership deep.
All other terms and conditions shall be applicable in terms of IRMD Loans &
Advances Circular No. 42 dated 26-03-2020.
Page 19 of 19

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कृषि प्रभाग, प्रधान कार्ाालर्

प्लाट सं .4, सेक्टर 10, द्वारका, नई षिल्ली- 110075

Consolidated guidelines on the captioned scheme are enclosed as Annexure.

CENTRAL SECTOR SCHEME FOR FINANCING FACILITY UNDER AGRICULTURE

Local Body sponsored Public Private Partnership

Committees (Mandis), National & State Federations of

4) Extent of Loan Need based.

A. Post-Harvest Management Projects

j) Primary Processing activities

B. Viable Farming Assets

i) Farm/Harvest Automation (combine harvestor,

guarantee may be availed from the facility created under

Trustee Company Pvt. Ltd. However, FPOs are also eligible

start-up, there will be a limit of maximum of 25 such

b) For APMCs, multiple projects of different infrastructure

projects under this financing facility, e.g. MIDH, PMFME,

PM-KUSUM (A, B and C), PMEGP etc. In cases of capital

a) Collateral security is to be obtained as per Bank’s extant

b) Sanctioning authority in all the scales are empowered to

CGTMSE coverage wherever applicable shall be as per

However, in above cases, following should be ensured:

identifiable and should have an independent access.

NOTE: Any grant or subsidy available under any present or

for projects under this financing facility. In cases of capital

Rating the bank.

CGTMSE fee by uniform fee payment process, Ministry of Agriculture and

b) All assets created under this financing facility shall be geo

lending entity shall ensure that updated information on

insured at borrower’s cost as per extant guidelines of the

Agreement of guarantee PNB 58

Master Agreement PNB 2057

For Business / Farm Advances above ₹50.00 PNB 282 B

29) Project An online platform will be made available by Govt. of India

and providing all necessary handholding support under the

Project reports with indicative unit costs will be prepared by

of loan exceeds the specified limit of ₹2 Crore under

a) Two separate loan accounts are to be opened under

Primary Processing, Jams, jellies,

Cold Store, Ripening fillings, and canned

4 Pulses Cleaning, De-Stoning, Pulse-based Pulse-based

Tea & Coffee Cleaning & Washing, Cocoa butter, Cosmetic

Tobacco Cleaning, Grading, Sorting, Making of

EXTERNAL RISK RATING

1 0.20 0.25 0.30 0.40 2.05 0.55

5 1.60 1.65 1.70 1.80 3.50 1.95

6 2.50 2.60 2.95 3.55 4.40 3.80

7 4.40 4.45 4.85 5.00 5.00 5.00

1. For loans up to ₹2 Crore: MCLR (6 Months) +1%: AIFL2

2. For Loans above ₹2 Crore:

4 PA43A PA42A PA41A PA43B PA42B PA4UR

5 PB13A PB12A PB11A PB13B PB12B PB1UR

6 PB23A PB22A PB21A PB23B PB22B PB2UR

7 PB33A PB32A PB31A PB33B PB32B PB3UR

COLLATERAL LINKED CONCESSIONS

Concession in Applicable Card Rate as per

Up to 50% of loan amount NIL NIL

> 50% and up to 75% 0.25% NIL

> 75% and up to 100 % 0.50% NIL

> 100% and up to 150% 0.75% NIL

 0.50% concession shall be available to women entrepreneur enterprises classified