Objective
Conversion of Short Term Agri. Loan (SAO) into Medium Term Loan. Refinance facility is provided under NABARD Refinance Scheme, under occurance of Natural Calamities.
Limit
M.T. conversion limit comprises share of NABARD 60%, State Govt. 15%, DCCB 15% & MStCB 10%. NABARD issues policy circular for every financial year. (NABARD Policy for 2015-16 No. 198 dated 21 Sept. 2015)
Security
Pronotes of PACS endorsed by DCCB in favour of MStCB.
Period
3 / 5 / 7 Years
Rate of Interest
Prevailing.
Sir Vithaldas Thackersey Memorial Building,9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai - 400001.
