Objective
Conversion of Short Term Agri. Loan (SAO) into Medium Term Loan. Refinance facility is provided under NABARD Refinance Scheme, under occurrence of Natural Calamities.
Limit
M.T. conversion limit comprises share of NABARD 60%, State Govt. 15%, DCCB 15% & MSCB 10%. NABARD issues policy circular for every financial year. (NABARD Policy for 2021–2022 No. 132 dated 10 June 2022)
Security
Pronotes of PACS endorsed by DCCB in favour of MSCB.
Period
3 / 5 / 7 years
Rate of Interest
As per prevailing interest rates.
Sir Vithaldas Thackersey Memorial Building,9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai - 400001.
