About PM Kisan Sampada Yojana
Loanpao facilitates PM Kisan Sampada Yojana loans to support food processing industries in India. Administered by the Ministry of Food Processing Industries (MoFPI), this scheme provides financial assistance and subsidies up to 35% for setting up or modernizing food processing units, cold chains, and agro-processing clusters.
Why Choose PM Kisan Sampada Yojana?
- Interest Rates: 7% - 10% per annum
- Loan Amount: ₹50,00,000 - ₹10,00,00,000
- Tenure: 7 - 10 years
- Subsidy: Up to 35% of project cost
- Disbursal within 15-30 days
- Supports infrastructure like cold chains and processing units
- Promotes rural employment and reduces food wastage
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant Type | Registered food processing businesses, cooperatives, or SPVs |
| Age | 18 - 70 years (for individual promoters) |
| Project Type | Food processing, cold chain, or agro-processing clusters |
| Documentation | Viable Detailed Project Report (DPR) |
| Credit History | No defaults with banks/NBFCs |
What Documents Do You Need?
- KYC: Aadhaar, PAN, or voter ID of promoters
- Detailed Project Report (DPR)
- Business Registration: GST, Udyam, or company registration
- Income Proof: ITR for last 2 years
- Bank Statement: Last 12 months
- Land Documents: Ownership or lease agreement for project site
- Technical Feasibility Report
Competitive Interest Rates & Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| SBI | 7.5% - 9.5% | 0.5% or ₹5,000 |
| Bank of Baroda | 7.8% - 9.8% | 0.5% or ₹4,000 |
| Canara Bank | 7.5% - 9.7% | 0.5% or ₹5,000 |
| Punjab National Bank | 7.3% - 9.5% | 0.5% or ₹3,000 |
| HDFC Bank | 8.0% - 10.0% | 0.5% or ₹5,000 |
Extra Charges:
- Late Payment Charges: ₹1,000 + 2% on overdue amount
- Foreclosure Charges: 1% if prepaid within 24 months
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of May 2025 and subject to change.
Calculate Your EMI
Enter values and click Calculate EMI to see results.
How to Apply for PM Kisan Sampada Yojana
- Prepare a Detailed Project Report (DPR) for your food processing project.
- Register on the MoFPI portal and submit the application.
- Upload KYC, DPR, business registration, and financial documents.
- Undergo project evaluation by MoFPI and banks.
- Sign the loan agreement upon approval.
- Receive funds and subsidy within 15-30 days.
Common Questions About PM Kisan Sampada Yojana
What is PM Kisan Sampada Yojana?
A scheme to support food processing industries with loans and subsidies.
Who can apply?
Registered food processing businesses, cooperatives, or SPVs with viable projects.
What is the maximum loan amount?
Up to ₹10,00,00,000, based on project cost.
What is the subsidy amount?
Up to 35% of the eligible project cost.
How long does disbursal take?
Within 15-30 days after approval.
Is collateral required?
Yes, typically project assets or land.
What is the repayment tenure?
7 to 10 years, based on project cash flow.
Are there special offers?
Apply by 31st May for priority DPR approval and 10% off processing fees.
What projects are eligible?
Food processing units, cold chains, and agro-processing clusters.
Can I prepay the loan?
Yes, with 1% charges if prepaid within 24 months.