We help customers monetize their Agri produce to manage cash flows by obtaining loan against warehouse receipts. Both producers of the commodity and Agri-value chain partners processors can take benefit of the facility. It helps producers in managing their fund requirement without moving into distress sale of their produce. Agri-value chain partners/processors can use the facility to time their procurement strategy for optimizing returns without stressing their cash flows. IFS engages with one of the best collateral managers of the country to provide professional storage and ensure security of the Agri produce.
Features & Benefits:
Facility amount ranges from 10 lacs to 30 crores.
Facility offered in form of Credit Line valid for 12 months.
No financials required for loan up to 1 crore & basic financials required for loan up to 5 crores.
Finance also extended against demat stocks.
Quick turnaround time.
Producers, Processors, Traders or any other partners directly engaged in Post-Harvest Value Chain of Agri Commodities can apply.
Individual or Proprietor should be of minimum 25 years of age at the time of application. If above 60 years of age, a joint applicant is required.
Individual or Proprietor should be associated with the commodity for at least 2 years.
KYC documents - For Identity & Address Proof.
Constitution documents for Non-Individuals like Memorandum of Association (MOA), Articles of Association (AOA), Partnership Deed etc.
Mandi license (if applicable).
Shop & Establishment license.
One year audited report for facility up to 5 crores & last 2 years audited report for facility of higher amount.
Valued customers and public at large are advised to be cautious against unscrupulous elements including some unaffiliated entities which are targeting and contacting unsuspecting customers whose typical modus operandi is via Phone calls , E-mails, SMSs, WhatsApp, Social Media Advertisements, Look -alike Apps, Publishing and enticing customers to avail their unlawful Debt counselling services with false assurance of acting -out to be bank itself etc, and mainly impersonating the Name/Logo of INFINITY FINCORP SOLUTIONS PRIVATE LIMITED (IFSPL) for misusing and committing fraudulent activities.
Please note that any person dealing with such fraudsters will be dealing at individuals own risk and responsibility. IFSPL and/or any of its member branch will not be responsible for any loss suffered or otherwise in this respect. Also, IFSPL runs no such Loan Apps or Social Media Apps such as Whatsapp / facebook etc as part of their profile pic and pushing fake loan offers to the innocent public, by luring them with false promises.
Also, we would like to advise that anyone wishing to avail services of IFSPL may kindly check the genuineness of the request and communication before indulging upon any such communications. IFSPL email ID contains “infinityfincorp.com” ALONE and does NOT contain any other domain name such as Gmail/Yahoo/Rediff etc., or in any other form.
IFSPL uses your information solely for legitimate business purpose, moreover, appropriate unrelenting legal action against such fraudulent person(s)/ agencies will be taken if found with mala-fide intentions committing the fraud.
WHERE TO REPORT?
Customers are advised to immediately report any suspicious incident /or incident of defrauding of money as a result of these fraudulent acts and practices to the authorities in their jurisdiction: -
- Telecommunications regulator, including the Cyber Crime Cell.