Scroll Down
Interest Rate

Interest Rates

Details of rates of interest charged by NABARD for Refinance to banks (w.e.f. 17.01.2024)

 

Sr. No Particulars Interest Rate (%)
1 Short Term refinance assistance:
a State Cooperative Banks for financing crop loans 4.5
b RRBs for financing crop loans 4.5
c DCCBs directly financing for crop loans 4.5
d Commercial Banks./RRBs in respect of their finance to PACS towards crop loans 4.5
e ST – Additional SAO/ST(Others)/ ST (SAO ) -SCARDBs (Annual Product)
ST – Additional SAO (StCBs and RRBs) *
ST(Others) (StCBs and RRBs) *
ST (SAO ) -SCARDBs (Annual Product) *
f StCBs/RRBs - Conversion of Short Term- crop loans into Medium Term loans (3% less than the interest rate charged by banks to ultimate beneficiaries subject to minimum interest rate at 8.10%) 8.10
2 Long Term refinance assistance **
a LT loan to State Govt. for contribution to share capital of coop. credit institutions *
LT loan to State Govt. for contribution to share capital of RRBs *
b RRBs/ StCBs
- Refinance for 5 years and above *
- Refinance for 3 years to less than 5 years *
- Refinance for 18 months to less than 3 years *
SCARDBs
-Refinance for 5 years and above *
Refinance for 3 years to less than 5 years *
Refinance for 18 months to less than 3 years *
*The rates are dynamic and determined by ALCO based on market conditions
** RoI subject to ALCO decisions from time to time
3 DIRECT LENDING
a Warehouse Infrastructure Fund (WIF)
State Governments (Bank rate–1.50)%
State Government Corporation (with State Govt. Guarantee) (Bank rate – 1.50)%
Entities promoted by State / Central Government owned/assisted (without State Govt. Guarantee) PLR + Risk premium
Other entities PLR + Risk premium
* Current Bank Rate – 6.75%
* Current PLR – 7.75%
b Food Processing Fund (FPF)
State Governments (Bank rate – 1.50) %
Entities promoted by State Governments (with Govt. Guarantee) (Bank rate – 1.50) %
Entities promoted by State Governments (without Govt. Guarantee) PLR + Risk premium
Other entities PLR + Risk premium
* Current Bank Rate – 6.75%
* Current PLR – 7.10%
Scroll Up