1.    SBT KISAN GOLD CARD SCHEME (General purpose Agriculture Term Loan)

 

 

ELIGIBILITY

 

a.   Farmers having regular Income from Agricultural Activities including Allied   activities and   repayment capacity.

b.    Farmers having good track record of repayment for the last two years.

c.    Farmers who have closed their loan account without default and not our current borrowers

d.    Farmers who have defaulted in repayment but closed the loan within the stipulated repayment period.

e.    Farmers who are maintaining deposits with the Bank.

f.     Good borrowers of other banks provided they liquidate their dues with other banks.

g.   Good farmers who have not availed loans from any bank.  

 

PURPOSE

The borrower is at liberty to utilize 50% of the amount if the loan amount is upto Rs.10 lac and 30% if the loan amount exceeds Rs.10 lacs for any purpose, including consumption purpose and purchase of land.

 

AMOUNT OF LOAN

The amount of loan is limited to five times the annual farm income including income from allied activities or 50% of the value of the land offered as collateral security, whichever is less, subject to a maximum of Rs.15 lacs. For loans above Rs.10 Lacs , minimum 5 acres of land, alongwith the crops rubber/spices is being insisted.

.

The minimum amount of loan under this scheme should be more than

Rs. One lac and maximum Rs.Fifteen Lac (with certain conditions on land holding and the type of crop )

 

 

RATE OF INTEREST

 

Slab

Int. Rates (%p.a)

Upto Rs10 Lacs

2.50% above Bank’s Base Rate ,Effective Rate 12.75 %

Above Rs.10 Lacs-

3% above Bank’s Base Rate ,Effective Rate 13.25 %

 

 

 

 

SECURITY

      Hypothecation of crops and assets, if any, created out of bank finance and existing movable assets such as milch animals, pump sets etc.

      The loan will be secured by equitable mortgage of properties worth double the loan amount or term deposit receipts, LIC policies of adequate surrender value, NSCs completed lock in period  etc.

 

DISBURSEMENT

Cash disbursals are allowed to the full extent of the credit limit.

 

REPAYMENT

The repayment period shall be 10 years at half yearly/yearly instalments. The due date of the instalment shall be fixed in such a way to coincide with the date of generation of income.

Margin: -

 

farm requirements. : 20 %

Cosumption purpose : 50% upto loan Rs.10 lacs

                                     30% for loan  above Rs.10 lacs.

 

 

 2. KISAN CREDIT CARD SCHEME

 

ELIGIBILITY

All agriculturists who are in need of short term production requirements.

ATM facility and Personal Accident Insurance Scheme for life up to Rs.50000/- and permanent disability cover up to Rs.25000/- is available on request.

 

PURPOSE

To provide hassle free short-term credit to farmers on the basis of their land holdings for purchase of inputs and draw cash to meet their production needs. i.e. Cultivation expenses including allied activities with a consumption component.

 

AMOUNT OF LOAN

Production credit to be fixed on the basis of operational holdings and scale of finance. Consumption component@ 10% and Repairs and maintenance of equipment @20% of the production credit. Stepping up of the limit @ 10% every year till 5th year. Small investment credt also eligible.

 

 

 

 

 

 

 

RATE OF INTEREST

 

Limit

 

Interest Rate (% p.a)

Up to Rs.50000/-

1% above Bank’s Base Rate Effective rate 11.25 %

Above Rs.50000/- and up to Rs.3 lac

   1.75% above Base Rate Effective rate 12.00 %

Above Rs.3 lac but up to Rs.5 lac

2.75% above Base Rate Effective rate 13.00

Above Rs.5 lac < Rs.25 lac

3% above Base Rate Effective rate 13.25 %

  Above Rs.25 Lacs interest charged based on the credit rating of the borrower.

 

Interest Subvention

For short term loans upto Rs.3 lacs,  rate of interest  is 7%p.a. only as interest subvention is available  from Govt. of India. For credit balance , interest is to be paid  @SB interest rate.

 

If the farmer repays the crop loan within the crop season/ one year, he is eligible for interest subsidy (subvention) declared by Govt. of India for prompt repayment.  At present interest subsidy  for prompt repayment is 3% .

 

 ATM Card is to be issued to all eligible farmers .

 

REPAYMENT

Running Cash Credit account for 60 months,  subject to annual review and total annual credit should exceed annual debit. 

 

PROCESSING CHARGE

No processing charge upto the limit  Rs.3 Lacs

 

 

3. HOMESTEAD FARMING

 

PURPOSE

A scheme for financing farmers practicing mixed cropping / inter cropping along with allied activities to enable them to undertake cultivation of various crops in a more integrated way. The scheme provides the farmers with sufficient working capital required for their homestead farming (Mixed cropping along with allied activities) by fixing scale of finance based on land holding to meet the cost of entire farming activities.

 

 

 

 

AMOUNT OF LOAN

 

The farmers who own cultivated land may be given  finance on pro rata basis at the rate of Rs.1,00,000/- (cultivation of crop Rs.70000/- + Rs.30,000 for maintenance of farm assets, crop/personnel accident , consumption requirements, insurance, small scale investments etc.  )  per acre and part thereof.

 

RATE OF INTEREST

Limit

 

Interest Rate (% p.a)

Up to Rs.50,000/-

1% above Bank’s Base Rate Effective rate 11.25 %

Above Rs.50000/- and up to Rs.3 lac

  1.75% above Bank’s Base Rate Effective rate 12.00

Above Rs.3 lac but up to Rs.5 lac

2.75% above Bank’s Base Rate Effective rate 13.00

Above Rs.5 lac < Rs.25 lac

3% above Bank’s Base Rate Effective rate 13.25

 

 

Above Rs.25 Lacs interest charged based on the credit rating of the unit

     

Interest Subvention

 

For short term loans upto Rs.3 lacs, the rate of interest charged at present is 7 % p.a. only if the interest subvention is available  from Govt. of India.

 

If the farmer repays the crop loan within / the crop season/ one year, he is eligible for interest subsidy  (subvention) declared by Govt. of India for prompt repayment.  At present interest subsidy  for prompt repayment is 3%  (from 01.04.2011).

 

ATM facility is available to the customer on  request.

 

For short term loans upto Rs.3 lacs, the rate of interest charged at present is 7%p.a. only for the period  during which the account is eligible for interest subvention from Govt. of India.  If the farmer repays the loan within one year, he is eligible for interest subsidy (subvention) declared by Govt. of India for prompt repayment.  At present interest for prompt repayment is 3%.

 

Effective rate 7% for short term agri loans upto Rs.3 lacs, only for the period during which the account is eligible for interest subvention usually 12 months.

 

REPAYMENT

The facility will be sanctioned as a Kisan Credit Card, a running cash credit )

 

 4. SCHEME FOR FINANCING FARMERS FOR PURCHASE OF LAND FOR AGRICULTURAL PURPOSES

 

ELIGIBILITY

Small and Marginal farmers - land maximum upto 5 acres of non-irrigated land or 2.5 acres of irrigated land including the land purchased under the scheme.  Tenant, sharecropper and landless agricultural labourers with a good record of prompt repayment of our loans for the last 2 years are also eligible.

 

PURPOSE

To finance small and marginal farmers, share croppers, tenant cultivators for purchasing land to expand activities and to make existing small and marginal units economically viable to bring fallow lands and waste lands under cultivation to step up agricultural production as well as productivity     also    to finance share croppers / tenant farmers to enable them to diversify farming activities to allied areas to increase their income.

 

AMOUNT OF LOAN

Maximum loan under the scheme towards land cost shall not exceed Rs 5 lac. Cost of development/economic activity shall be financed under the bank’s other financing schemes.

 

RATE OF INTEREST

 

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate , Effective rate 11.50

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate , Effective rate13.25

 

 

 

 

 

REPAYMENT

Repayment of the loan will be 7 to 10 years in half yearly / yearly installments with maximum of 24 months moratorium period. Gestation period / repayment due dates etc will be fixed according to income generation from the activity.

 

 

5. SCHEME FOR CULTIVATION OF MEDICINAL PLANTS

 

ELIGIBILITY

All agriculturists are eligible.

 

PURPOSE

Scheme for financing cultivation of 22 medicinal plants cultivated extensively and also in great demand in the local as well as foreign market.

 

AMOUNT OF LOAN

Depending on the area of cultivation / project cost

 

Security

a) Primary :  Hypothecation of crops

b) Collateral security

Upto Rs.1.00 lac  Collateral security is waived

Above Rs.1 lac  collateral  security is  required

 

RATE OF INTEREST

 

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate , Effective rate 11.50

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate , Effective rate13.25

Above Rs.5 lac less than Rs.25 lac

3.25% above Bank’s Base Rate , Effective rate13.50

 

Rs.25 lacs and above, interest rate based on credit rating of the unit.

 

REPAYMENT

Repayment should coincide with harvesting and marketing or at the time generation of income from the scheme.

 

 

 

  6. SBT RAIN WATER HARVESTING SCHEME

 

ELIGIBILITY

Farmers having land holding of 0.50 acre or more are eligible to be considered for finance under this scheme.

 

PURPOSE

Scheme envisages construction of low cost tanks for collecting and storing rainwater and using it for irrigation, by siphon arrangement, utilizing gravitation flow or by installing motor pump.

 

AMOUNT OF LOAN

Maximum amount of finance will be Rs.88000/- per acre. Scheme can be adopted in smaller areas also by reducing the cost proportionately.

 

RATE OF INTEREST

 

 

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate , Effective rate 11.50 %

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25 %

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate , Effective rate13.25 %

Above Rs.5 lac less than Rs.25 lac

3.25% above Bank’s Base Rate , Effective rate13.50 %

 

 

MARGIN 

 25%

 

REPAYMENT

Repayment based on the income generated from the crops raised and and cropping pattern. The maximum period eligible for repayment is 8 years in annual instalments. 

 

 7. PRODUCE MARKETING LOAN (Advance against Warehouse Receipt)

 

ELIGIBILITY

a. Farmers / traders depositing farm produce in the warehouses of the central / state warehousing corporations.

a. Scheme will be operative in Karnataka, Andhra Pradesh, Tamilnadu & Kerala.

 

 

PURPOSE

a. To protect the farmers from the compulsion to sell their produce immediately after harvest of produce despite an adverse market.

b. To finance farmers and traders against warehouse receipt.

 

 AMOUNT OF LOAN

 

70% of the value of the warehouse receipt, valued at the market value or 70% of the market price advised by Agri. Dept, HO whichever is less with a maximum of Rs.10 Lacs for farmers and Rs.25 Lacs  for traders

 

RATE OF INTEREST

 

Produce Marketing Loan against Warehouse Receipt-CWC/SWC,Private

Upto Rs.3 Lac

 

Upto 6 months-10.75%

> 6 months-11.00%

Above Rs.3 Lacs

Upto 6 mths – 10.75%

> 6 months-11.00%

 

REPAYMENT

On demand / 6 months which can be extended up to 12 months subject to satisfactory shelf life / market condition.

 

 

 8. FINANCING AGAINST WAREHOUSE RECEIPTS ISSUED BY NATIONAL BULK HANDLING CORPORATION LTD (NBHC)

 

ELIGIBILITY

Individual farmers, traders, commission agents, partnership firms, proprietorship concerns, corporates who have stored their agricultural commodities in the warehouses with NBHC and pledge the warehouse receipts generated  by NBHC with the Bank

 

PURPOSE

Financing against warehouse receipts issued  by the National Bulk  Handling Corporation Ltd

 

AMOUNT OF LOAN

Individual farmers     : Maximum  Rs.10 lacs

Others                       : Maximum Rs 25 Lacs   * 

 Loan may  be sanctioned as Demand loan or cash credit

 

 

 

RATE OF INTEREST

 

For  Loan upto 6 months –0.50% above Bank’s Base Rate  Effective rate 10.75% pa

For  loans above 6 months –0.75% above Bank’s Base Rate  Effective rate 11.00% pa

 

MARGIN

25% of Warehouse Receipt value

 

REPAYMENT

Within a maximum period of    12  months

 

 

9. FINANCING AGAINST WAREHOUSE RECEIPTS ISSUED BY NATIONAL COLLATERAL MANAGEMENT SERVICES LTD (NCMSL)

 

 

PURPOSE

Advances will be made against Warehouse Receipts issued by National Collateral Management Services Ltd (NCMSL). This is a short term credit facility, which provides the borrower the liquidity and enables them to avoid distress sale of the product.

 

 

 ELIGIBILITY

Farmers who have pledged their agricultural commodities with NCMSL accredited warehouses.

 

AMOUNT OF LOAN

   Maximum of Rs.25 lacs per warehouse receipt, with a maximum of Rs. 25 lacs

   per borrower

 

RATE OF INTEREST

 

UPTO Rs.3.00  Lakhs

 

Upto 6 months

Above 6 months ---

9 months

0.50 % Above  Base Rate

Effective rate 10.75 %

0.75 % Above Base Rate.

Effective rate 11.00 %

 

 

 

 

 

MARGIN

 

6 months     --   25%

Above 6 months to 9 months    --- 35%

 

The margin shall be topped up on a fortnightly basis.

 

REPAYMENT

Maximum of 9 months or the due date of the warehouse receipt whichever is earlier. The period of advances will  be related to the shelf life of the commodity.

 

COLLATERAL MANAGEMENT FEE

The collateral management charges  @ 1 % p.a.of the loan amount for the period of advance

 

10. MINOR IRRIGATION

 

Projects with cumulative command area of less than 2000 ha are called minor irrigation projects

 

ELIGIBILITY

The beneficiary should have a minimum of 50 cents of land to be brought under irrigation to ensure viability and repayment of loan.

 

PURPOSE

Scheme for developing irrigation potential, Minor Irrigation, Installation of Pump set Drip Irrigation etc.

 

AMOUNT OF LOAN

As per the project submitted.

 

RATE OF INTEREST

 

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate , Effective rate 11.50 %

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25 %

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate, Effective rate13.25 %

Above Rs.5 lac less than Rs.25 lac

3.25% above Bank’s Base Rate , Effective rate13.50 %

 

Above Rs.25 Lacs interest charged based on the credit rating of the unit

 

REPAYMENT

The loan shall be repaid within a period of 9 years, in yearly instalments.

 

 

 

11. FARM MECHANISATION

 

Loan for Farm Mechanisation, Purchase of tractors, Power Tillers, etc.

 

ELIGIBILITY

a.    Tractors with engine capacity up to 35 HP – The applicant should own/cultivate six acres of perennially irrigated land.

b.   Tractors with engine capacity above 35 HP – The applicant should own/cultivate eight acres of perennially irrigated land.

c.     Power Tillers – the applicant should own / cultivate four acres of perennially irrigated land.

 

PURPOSE

To purchase tractor / power tillers for agricultural activities.

 

AMOUNT OF LOAN

Amount of advance will be the investment cost of tractor / power tiller and implements less margin @15%.

 

RATE OF INTEREST

 

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate  Effective rate 11.50 %

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25 %

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate , Effective rate13.25 %

Above Rs.5 lac less than Rs.25 lac

3.25% above Bank’s Base Rate , Effective rate13.50 %

 

Above Rs.25 Lacs interest charged based on the credit rating of the unit

REPAYMENT

The period of repayment shall be 9 years for tractors and 7 years for power tillers. 

 

12. KARSHAKA SUHRUTH

 

 

ELIGIBILITY  

 

All existing farmer borrowers as well as other farmers in the operational area of the Branch and they have to satisfy the bank officials regarding indebtedness from the moneylenders.  They should be the permanent resident in the Bank’s area of operation and should not be defaulters to any other bank.

PURPOSE

The objective is to help indebted farmers to redeem their outstanding dues to moneylenders and also to meet their crop production needs on the condition that they do not create fresh debts with moneylenders.

AMOUNT OF LOAN

a)   the quantum of loan granted shall be 100% if the debt is on account of cultivation or agri. activity or Rs.50000/- whichever is less.

b)Simultaneously  the applicant shall be financed for crop production through Kissan Credit Card which includes additional 20% of the production limit to meet contingent requirements or /and Agriculture Term loan as per Bank’s guidelines to pursue productive activity

 RATE OF INTEREST

Normal rate as applicable to Agri. Term Loan (Direct)

At present   Upto Rs.50,000/  ---  1.25% above Base Rate Effective rate 11.50% pa

REPAYMENT

Term loan will be repayable in yearly/half yearly installments in 3-5 years

13.INTEGRATED DEVELOPMENT OF SMALL RUMINANTS (SHEEP, GOATS) AND RABBITS – SUBSIDY LINKED SCHEME

The main objectives of the scheme are:-

i. To encourage sheep/goat/rabbit rearing farmers to go in for commercial     rearing rather than subsistence farming by providing incentives for performance.

ii.   The production performance of native breeds will be improved by regular selection and culling based on measurable indicators.

Eligibility

Individual farmers, SHGs Preference would be given for traditional shepherds, women, SC and STs.  Companies would be eligible for breeding farms.

Project Costs and  Capital Subsidy.

The indicative project costs and ceiling

Sr. No

Component

Total financial outlay (Rs lac)

Ceiling on Capital Subsidy (for general category entrepreneurs)

Ceiling on Capital Subsidy (for SC/ST entrepreneurs, hilly and NE states including Sikkim )

(i)

Rearing of sheep and goats (40F+2M)

1.00

25% of the outlay subject to a max. of Rs. 25,000/-.

33.33% of the outlay subject to a max. of Rs.33,300/

(ii)

Sheep and Goat Breeding units (500F+25M)

25.00

25% of the outlay subject to a max. of Rs 6.25 lac

33.33 % of the outlay subject to a max. of Rs 8.33 lac

(iii)

Rabbit rearing units

2.25

25% of outlay subject to a max. of Rs 0.56 lac

33.33 % of outlay subject to a max. of Rs 0.75 lac

Repayment Period and Recovery of Loan

Repayment period of loan will depend upon the cash flow and will be up to maximum of 9 years including grace period of 2 years

Rate of Interest

Rs.50,000-2 Lacs

1.50% above Bank’s Base Rate  Effective   rate 11.50%

Above 2 Lacs  - 5 Lacs

2.25%  above Base Rate Effective rate 12.50%

Above 5 Lacs < 25 Lacs

3.25% above Base Rate ,Effective rate 13.50%

  Above Rs.25 Lacs interest charged based on the credit rating of the unit

Security

a. Upto Rs.1 Lac: Primary: Hypothecation of the assets created out of Bank finance.

b.Above Rs.1 Lac: In addition to the primary security collateral security by mortgage of property or personal guarantee as applicable to Agri. Term Loans.

14. SCHEME FOR STRENGTHENING OF AGRI. MARKETING INFRASTRUCTURE, GRADING AND STANDARDIZATION- SUBSIDY SCHEME     BY GOVT. OF INDIA – NABARD (AMIGS)

OBJECTIVES

The main objectives of the Scheme are:

To provide additional agricultural marketing infrastructure to cope up with the large expected marketable surpluses of agricultural and allied commodities including dairy, poultry, fishery, livestock and minor forest produce.  

MARKETING INFRASTRUCTURE:

Marketing Infrastructure’ for the purpose of the scheme may comprise of any of the following:

  1. Mobile infrastructure for post-harvest operations like Combine Harvesters , reefer vans, or any other refrigerated vans used for transporting agricultural produce, which are essential for maintaining cold supply chains, Fishing boats, nets and other accessories are eligible.
  2. Infrastructure for Direct marketing of agricultural commodities from producers to consumers/processing units/ bulk buyers, etc.
  3. Infrastructure for supply of production inputs and need-based services to the farmers; 
  4. Infrastructure (equipment, hardware, gadgets, etc) for E-trading, market    intelligence,  extension and market oriented production planning; and

ELIGIBLE PERSONS:  

 The assistance will be available to individuals, Group of farmers/ growers/ consumers, Partnership/ Proprietary firms, Non- Government Organizations (NGOs), Self Help Groups (SHGs), Companies, Corporations, Autonomous Bodies of the Government, Cooperatives, Cooperative Marketing Federations, Local Bodies, and Agricultural Produce Market Committees &Marketing Boards in the entire country.

CREDIT LINKED ASSISTANCE, SUBSIDY

Assistance under the scheme would be credit linked

Rate of subsidy shall be 25% of the capital cost of the project.  Maximum amount of subsidy shall be restricted to Rs.50 lac for each project.  The entrepreneurs belonging to Scheduled Caste (SC)/Scheduled Tribe (ST) and their cooperatives, the rate of subsidy shall be 33.33% of the capital cost of the project, maximum amount of subsidy shall be Rs.60 lac for each project.

 

TERM LOAN

Minimum 50% of the project . As the subsidy is back-ended, eligible amount of the subsidy (25%/33.33%) would initially be allowed as term loan to the beneficiary. 

REPAYMENT

Repayment period will depend upon the cash flow and will be up to 11 years including a grace period of two years.  The first annual installment will fall due after 24 months from the date of first disbursement. 

 

 

RATE OF INTEREST

Rs.50,000-2 Lacs

1.25% above B.R Effective   rate 11.50%

Above 2 Lacs  - 5 Lacs

2.25%  above Base Rate Effective rate 12.50%

Above 5 Lacs < 25 Lacs

3.25% above Base Rate ,Effective rate 13.50%

 Above Rs.25 Lacs interest charged based on the credit rating of the unit

  15. RURAL GODOWNS - CAPITAL INVESTMENT SUBSIDY SCHEME FROM GOI THROUGH NABARD

 Objectives:

  1.    To create scientific storage capacity in the rural areas to meet the requirements of farmers for storing farm produce.

2.    To prevent distress sale of produce by farmers immediately after harvest by promoting pledge financing and marketing credit.

3.    To introduce a national system of warehouse receipts in respect of agricultural commodities stored in such godowns.

Eligible Borrowers:

Individuals, farmers, group of farmers/growers, Partnership/Proprietary firms, Non-Government Organizations (NGOs), SHGs, Companies, Corporations, Co-operatives, Local Bodies other than Municipal Corporations, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations in the entire country.  Assistance for renovation of rural godowns will, however, be restricted to godowns constructed by Co-operatives only.

Location:

Godowns can be constructed/located in any area outside the limits of a Municipal Corporation area. 

Project Cost:

 Assistance under the scheme will be available on capital cost of construction of godowns including allied facilities like boundary wall, internal road, platform, internal drainage, weighing, grading, packaging and quality certification.

 

The ceilings relating to project cost calculation for subsidy computation are as under:

  Capital cost for Rural godowns upto 1000 tonnes capacity

  1. Project cost as appraised by financing Bank or actual cost or Rs.3500/- per MT of storage capacity, whichever is lower. 

 

Capital cost for Rural godowns exceeding 1000 tonnes capacity

  1. Project cost as appraised by Bank or actual cost of Rs.3000/- per MT of storage capacity, whichever is lower. For NE region//hilly areas, normative cost will be Rs.4000/- per MT or as appraised by bank/financial institution, whichever is lower irrespective of godown capacity. For godowns exceeding 30,000 MT capacity (25,000 MT for the NE states, Sikkim and hilly areas), the subsidy would be restricted to that admissible for capacity of 30,000 MT (25,000 MT for NE states, Sikkim and hilly areas) only, excluding the cases of cooperatives.

For renovation of godowns by cooperatives with assistance from NCDC

For renovation of godowns by cooperatives with assistance from NCDC – project cost as appraised by Bank/NCDC or actual cost or Rs.750 per MT of storage capacity, whichever is lower

 

The capacity of godown shall be calculated @ 0.4 M .T. per cu.mtr.

  Subsidy:

  Back ended subsidy through NABARD  based on the capital cost of the project is available.

  Rate of Subsidy

Eligibility

Max. Subsidy ceiling

33.33%

Projects in North-East, Hilly areas, Women farmers and their SHGs/Co-operatives and SC/ST entrepreneurs and their SHGs/Co-operatives

Rs. 62.50 lacs

25%

All categories of farmers (other than women farmers), agriculture graduates, co-operatives and State and Central Warehousing Corporations

Rs. 46.87 lacs

15%

Individuals, Companies, Corporations etc.

Rs. 28.12 lacs

 Security:

Security by way of equitable mortgage of the site/godown providing 200% cover to our loan.

Interest:

Rs.50,000-2 Lacs

1.25% above Bank’s Base Rate  Effective   rate 11.50%

Above 2 Lacs  - 5 Lacs

2.25%  above  Bank’s Base Rate Effective rate 12.50%

Above 5 Lacs < 25 Lacs

3.25% above Base Rate ,Effective rate 13.50%

Above Rs.25 Lacs interest  will be charged based on the credit rating of the borrower

  Repayment:

Repayment period normally be allowed upto 9 years including two years of grace period, depending upon cash flow (rental income) of the unit/scheme on yearly half yearly basis.  The repayment schedule will be drawn on the total loan amount (including subsidy).  The subsidy amount will be adjusted after liquidation of bank loan (net of subsidy) but not before 5 years from the date of disbursement of first instalment of term loan.

  16. PLANTATION AND HORTICULTURE

   Types of Facility:

  1. Short term loans for annual maintenance expenses of non traditional plantation, horticulture and to cultivators of traditional plantations i.e. Tea, Coffee, Rubber and spices can be considered for production propose.

 

2. Agricultural Term Loan  for establishing the plantation and fruit orchard. Assistance is available for the major plantation and spices crops like Tea, Coffee, Coconut, Rubber, Pepper, cardamom etc. It includes the cost of seedlings upto the stage of yielding on year wise basis. It may consist of expenses for the following .

      a)    Cleaning of site

b)    Land  preparation

c)    Creating irrigation potential at the farm 

d)    Drainage / Irrigation Channel and Irrigation cost.

e)    Layout and digging of pits, filling up pits.

f)    Fencing, Farm house, labour sheds etc.

g)  Planting material including transportation, planting, staking, gap filling etc.

h)   Manure fertilizer including its application.

i)     Inter cultivation / inter crops

j)     Plant protection measures .

k)    Harvesting .

The capital cost and recurring expenses for maintenance of the garden upto yielding  stage are recoverable over a period time.

Eligibility:  The applicant should be owner of the land. and  have experience in the line of activity.

Outlay and Unit Cost: As per the  Bank/District level/NABARD unit cost for various crops which may differ from district to district.

Margin: 15% to 25%.

Disbursement; As per progress of the work, in stages as specified in the scheme. 

 Security:   i) Upto Rs.1,00, 000/- - Hypothecation of crops/Assets created out of Bank finance.

                     ii) Above Rs.1,00,000/-    

                    a) Hypothecation of crops/Assets created  out  of bank finance. &          

                    b) Equitable Mortgage of landed property/3rd party guarantee.

 Repayment: As per NABARD norms.  Upto 14 years depending on the income generation of the project.

 

 

Rate of Interest

  Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above Bank’s Base Rate , Effective rate 11.50

Above Rs.50000/- up to Rs.3 lac

 

2% above Bank’s Base Rate , Effective rate 12.25

Above Rs.3 lac up to Rs.5 lac

3% above Bank’s Base Rate , Effective rate13.25

Above Rs.5 lac less than Rs.25 lac

3.25% above Bank’s Base Rate , Effective rate13.50

 

Above Rs.25 Lacs interest charged based on the credit rating of the borrower

 17. AGRICULTURAL TERM LOAN – SLAUGHTER TAPPING OF RUBBER

Eligibility

Experienced persons undertaking slaughter tapping on a contract basis.

Quantum of Finance

 Unit cost per rubber tree –Rs.1, 500/-

For 1 Hectare model, No. of trees -400    @ Rs.1, 500/- Rs.6 Lacs

Minimum loan amount Rs.2.25 Lacs (For 0.50 Ha )

60% of the loan disbursed during 1st year and balance during second year.

Margin

25% of the total cost

 

 

Rate of Interest

Credit limit

 Interest

Above Rs.2.25 lac – Rs.10 Lacs

3% above Bank’s Base Rate ,Effective Rate   13.25%

>Rs.10Lacs to Rs.25 Lac

3.5% above Bank’s Base Rate , Effective Rate 13.75%

>Rs.25 Lac

4% above Bank’s Base Rate ,-Effective Rate  14.25%

Repayment:   

Repayment of Interest: Yearly or Half yearly intervals on application.

Repayment of Principal: Entire loan amount (Principal along with the unpaid interest) shall be repaid in 3rd year or when the trees are cut and disposed off which ever is earlier

Security

Collateral security by way of immovable property twice the value of the advance.

 Other terms and conditions

1.            An agreement should be executed by the land owner and the lease holder ( the contractor) to the effect that the area has been given for slaughter tapping with the amendment in clause No.15.

2.        Minimum area eligible for finance shall be  0.50 Ha .,

3.       Margin amount should be deposited in an account in the name of the borrower to ensure utilization of the margin.

4.       The margin with loan amount should be disbursed in stages, as stipulated in the agreement, by means of an Account Payee Cheque,/ DD drawn in favour of the Registered Owner or through RTGS transfer.

     

 

 

 

 

 

 

 

18. INDIRECT AGRI LOANS TO DEALERS IN FERTILIZERS , PESTICIDES, SEEDS, CATTLE FEEDS, OTHER AGRI INPUTS ETC.

Eligibility

Dealers/sellers of fertilizers, pesticides, seeds, cattle feeds, poultry feeds, agricultural implements and other inputs .The firm  should be consistently profit making  and should project profits in future.

 It should be equipped to meet the margin on working capital requirements

Security

 Primary  Hypothecation of stocks/receivables

Collateral   Should cover not less than 100 % of the loan amount. Mortgage of Agricultural land to be avoided.

Margin   Goods  25 %

 Receivables  Bills 50 %

Book Debts –50 %

Rate of Interest

1 % above Base Rate –Effective rate 11.25  %  

19. Scheme for High-Tech Farming (Establishment of Green house)

Purpose

 

To establish Green House Units sponsored by Government agencies under different schemes with subsidy.

Eligibility

Individuals/Firms/Companies/Institutions

The beneficiaries under the above Govt. of Kerala(GOK )sponsored scheme are identified by State Govt. agencies like Krishibhavans/VFPCK/State Horticulture Mission in Panchayat area.In other states, similar sponsorship/identification by the concerned Govt. authorities, as well as availability of subsidy is necessary.   KYC norms to be adhered. Defaulters of other Banks not be considered.

 

Facility

Agri. Term Loan – For erection of Green House and bed preparation.

Separate loan under KCC will be considered for raising of crops after the establishment of the green house. The amount of KCC will be based on the crops selected for cultivation.

 

Components financed

GI Pipe fabricated structure Ventilation, Irrigation, Fogging, Misting system, Civil work, Fixtures UV stabilized film,Roof ceiling, Shade net as per specifications by the implementing agencies.

 

Erection/Installation of Green house

 

By agencies in the market, based on the specifications stipulated by the Govt. and under the supervision of the implementing agencies. The borrowers have freedom to construct by any agency of their choice without compromising the quality specifications.

.

Technical support

Technical support will be provided by various agencies like Krishi Bhavan, VFPCK,SHM etc. Training of entrepreneurs also will be arranged by NGOs and above agencies.

Loan Amount & Margin

Up to Rs.1,350 per sq.m.(Rs.1250 for erecting structure, Rs.100 for bed preparation and soil sterilization)  based on the quality and specifications of the construction material used. (Specifications attached). The project cost to be arrived based on the area of the polyhouse and cost of establishment per Sq.m. Any amount in excess of the above rate should be brought as margin by the beneficiary.

For 400 sq.m: Total cost @Rs.1350/sq.m is Rs.5,40,000

         Less subsidy (75% for Rs.935/sq.m)     Rs.2,80,500

         Effective loan         Rounded to              Rs.2,60,000  

As subsidy is released only after completion of the project (erection of the green house),  the full project cost (limited to Rs.1,350/- per Sq.m)  will be sanctioned as loan      

 

Loan Disbursement

Loan will be disbursed in 3-4 stages based on the progress of the construction work.

Rate of Interest

Limit

Int. Rates (%p.a)

Up to Rs.50000/-

1.25% above B.R, Effective Rate(E.R) 11.50

Above Rs.50000/- up to Rs.3 lac

 

2% above B.R, E.R 12.25

Above Rs.3 lakh up to Rs.5 lakh

3% above B.R, E.R 13.25

Above Rs.5 lakh <Rs.25 lakh

3.25% above B.R, E.R

13.50

 

LIMITS Rs.25 LAKHS AND ABOVE

CRA Rating     Int. Rates (%)

SBT 1&2             13.00

SBT 3 to 5           13.50

SBT 6&7              14.00

SBT 8&9              14.25

 

Processing charges

Normal upfront fee as applicable to Term Loan. 1.25% of loan amount plus service tax@12.36% on the charges recovered.

Repayment  and Start up period

The loan should be repaid in maximum period of 7 years

3 months including a start up period of 9 months (3 months for installation of the structure and 6 months for the harvest of the first crop).

To be repaid in half yearly installments depending on the nature of crops grown and harvesting season

 

Security

Primary:

Hypothecation of the Assets created out of Bank finance.

Hypothecation of standing crops.

Collateral:

Up to Rs.1 Lakh (including KCC limit) – Nil

Above Rs.1 Lakh - Equitable mortgage of land on which crops are grown or term deposit receipts or LIC policies of adequate surrender value etc. having value of 125% of the net loan amount (ie. Project cost less subsidy).

Subsidy – GOK scheme

Up to 75% subsidy (on total cost of erection @Rs.935 per Sq.m as approved by Govt.) under the GOK sponsored scheme. The subsidy will be released by the implementing agency on completion of the structure. The District Level Technical Committee, constituted by SHM, will do the technical evaluation of the structure constructed, for releasing subsidy. For units in other states, the subsidy depends on the the scheme and implementing agency.

 


Inspection and Inspection charges

Inspection charges – Upto Rs.25,000 – Nil

>Rs.25,0000 – Rs.Rs.2 Lakhs – Rs.500+service tax@12.36% on charges recovered, >Rs.2 Lakhs – Rs.3000+service tax@12.36% on charges

Insurance

The assets created out of Bank’s finance and the buildings, if any, in the property mortgaged to the bank should be insured, preferably with SBI General.