DEVELOPMENT BANKING
Cinnamon Pledge Loans

    Pledge loan facilities have been instrumental in assuring a better price for the farmers, in providing finance to Cinnamon traders to purchase adequate stocks during the harvesting season to maintain a reasonable price on cinnamon.

  • For Whom
  • For Cinnamon traders who purchase Cinnamon from growers under forward sales contract (FSC) arrangements.

  • Maximum Credit Limit
  • Rs. 1 Million

  • Repayment Period
  • Maximum repayment period is 270 days