Maha Krishi Samridhi Yojana

Current Context : Bank of Maharashtra launched the Maha Krishi Samridhi Yojana (MKSY).

• Objective : providing financial assistance to food and agro-based industries, agri-infrastructure projects involved in processing activities and the development of agricultural infrastructure facilities.
• It is designed to meet the financial needs of all agri-businesses.
• Under the scheme, For Term Loans, Bank will finance upto 90% of the cost of the project on a case-to-case basis and for working capital limits minimum margin of 25% is to be maintained.
• The repayment period for terms loans is upto 10 years.