KFC Agro-based MSME Loan Scheme (KAMs)
| Type of Loan | Term Loan – General |
| Scheme Name | KFC Agro-based MSME Loan Scheme (KAMS) |
| Purpose | To assist a minimum of 400 Agro-based MSMEs every year. |
| Rate of Interest | • Starts from 6%*1. • The gross interest rate shall be 11% p.a., linked to the base rate of the Corporation. • For loans (term loan and working capital combined) up to Rs 10 crore, the State Government provides a 3% interest subvention. • Furthermore, KFC provides a 2% subvention as a rebate for prompt repayment. • Therefore, the net effective interest rate after these subventions will be 6% for the first year. |
| Eligibility Criteria | • MSME units operating in agro, dairy, and animal husbandry-related industries, agro-based startups, food processing units, warehouses, godowns, cold storages, agri-infrastructure projects, and units involved in the processing, marketing, or trading of agro-based products. • The units must possess a valid MSME Udyam Registration. |
| Financial Assistance | • The financial assistance can be in the form of a term loan, a working capital loan, or a combination of both, depending on the requirements of the enterprise. • The upper ceiling of the financial assistance will be determined by the Credit Policy of the Corporation. |
| Internal Credit Rating | Minimum 40% rating required. |
| Promoter’s Contribution | Minimum 10%. |
| Moratorium Period | Up to 2 years. |
| Repayment Period | The maximum repayment period shall be 10 years. However, the interest subsidy will be limited to the first 5 years. |
- Conditions Applied ↩︎