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 lakhs.

holding of 5 acres under his possession and the main crop/crops grown should be Rubber or Spices.

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

Rs. One lac and maximum Rs.Fifteen Lac

RATE OF INTEREST

For limit upto Rs.10 lac 4.50% above Base Rate  (Effective Rate 15% PA).

Above Rs.10 lacs   5% above Base Rate         ( Effective Rate 15.50% PA )

 

SECURITY

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

Ψ      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 or more 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 :- 20% for on farm requirements.

Cosumption purpose: 50% upto Loan Rs.10 lacs

                               30% for loans above Rs.10 lacs.

 

(Refer Agri.Cir.No.14/2010 dated 7/10/2010)

 

 

 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

To be fixed on the basis of operational holdings and scale of finance with consumption component 15% (maximum Ra.10000/-) of production credit.

Margin upto Rs 100000/- Nil

Above Rs 100000/- - 15% - 20% depending on purpose and quantam.

 

RATE OF INTEREST

 

Upto 50000/-                              1.25% above Base Rate, Effective Rate 11.75%

Above 50000 and upto 2 lac           2.25% above Base Rate  Effective Rate  12.75%

Above 2 lac but upto 3 lac             3.00% above Base Rate  Effective Rate   13.5%

Above 3 lac but upto 5 lac             4.00% above Base Rate  Effective Rate 14.5%

Above 5 lac but upto 25 lac           5.00% above Base Rate  Effective Rate   15.5%

Above 25 lac                               6.00% above Base Rate  Effective Rate   16.5% 

 

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.

 

Effective rate 7% for short Term agri Loans upto Rs.3 lakhs, only for the period during which the account is eligible for interest subvention.

 

 ATM Card

ATM facility is available to the customer on  request.

 

REPAYMENT

Running Cash Credit account for 36 months,  subject to annual review and total annual credit should exceed annual debit. 

 

 

ATM facility available, along with personal accident   ( Ref.Agri.Cir.32/98 dated5/11/98, 28/2001 dated 12/12/01.Personal Accident Insurance Agri cir Letter 16/2010 Dated 14.10.2010) .

 

 

 

 

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 below one acre be given the scale of finance on pro rata basis at the rate of Rs.60000/- (cultivation of crop Rs.50000/- + Allied activities Rs.10000 = Rs.60000) per acre and part thereof.

 

RATE OF INTEREST

 

 

Upto 50000/-                              1.25% above Base Rate, Effective Rate 11.75%

Above 50000 and upto 2 lac           2.25% above Base Rate  Effective Rate  12.75%

Above 2 lac but upto 3 lac             3.00% above Base Rate  Effective Rate   13.5%

Above 3 lac but upto 5 lac             4.00% above Base Rate  Effective Rate 14.5%

Above 5 lac but upto 25 lac           5.00% above Base Rate  Effective Rate   15.5%

Above 25 lac                               6.00% above Base Rate  Effective Rate   16.5%  

 

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 Card

 

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 lakhs, only for the period during which the account is eligible for interest subvention.

 

 

REPAYMENT

 

The facility will be sanctioned as a an Agricultural Cash Credit limit( In the case of Kisan Credit Card it is a running cash credit )

 

(Ref. Agri Cir 6/2010 dated 11.06.2010)

 

   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 lakh. Cost of development/economic activity shall be financed under the bank’s other financing schemes.

 

RATE OF INTEREST

Interest rate ranges for loans above 2 lacs to Rs.5 Lacs , 4.50% above Base Rate – Effective Rate 15% p.a.  Interest rate may change based on changes in Base rate from time to time.

 

REPAYMENT

Repayment of the loan will be 7 to 12 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.

 

 (Refer Agri.Cir. Letter 38/2008 dated 21.08.08.  Agri Cir No  7/02, & 5/04)

 

 

 

 

 

 

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

Interest rate ranges upto Rs.50000   2.25% above Base rate effective rate 12.75%

Rs. 50000 to Rs.2 lac – 3.25% above Base Rate – Effective rate 13.75%.Above Rs.2 lacs to Rs.5 lac  4.50% above Base rate effective rate 15% pa

Interest rates may change based on Base rate changes from time to time.

 

REPAYMENT

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

 

  6. SCHEME FOR CULTIVATION OF VANILLA

 

ELIGIBILITY

All agriculturists are eligible.

 

PURPOSE

Scheme for financing cultivation of Vanilla, a cash crop, gaining ground in the State of Kerala.

 

AMOUNT OF LOAN

Amount of finance will be Rs.250000/- per hectare for pure crops and Rs.210000/- per hectare for intercrop.

 

 Margin

15 to 25%

RATE OF INTEREST

 

Normal rate of interest as applicable to ATL

 Interest rate ranges upto Rs.50000   2.25% above Base rate effective rate 12.75%

Rs. 50000 to Rs.2 lac – 3.25% above Base Rate – Effective rate 13.75%.Above Rs.2 lacs to Rs.5 lac  4.50% above Base rate effective rate 15% pa

Interest rates may change based on Base rate changes from time to time

REPAYMENT

The loan shall be repaid within a period of 7 years, in yearly instalments. Farmers eligible for two years gestation period and interest is repayable on the 3rd and 4th year and the principal from the 5th to 7the year.

 

 

7. 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

 

Normal  Interest rate as applicable to Agri Term Loan

 Interest rate ranges

Loan  upto Rs.50000  -  2.25% above Base rate effective rate 12.75%

Above Rs. 50000 to Rs.2 lac – 3.25% above Base Rate – Effective rate 3.75%.

Above Rs.2 lacs to Rs.5 lac  -   4.50% above Base rate effective rate 15% pa

Interest rates may change based on Base rate changes from time to time.

 

 

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. 

 

  

8. 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.

 

RATE OF INTEREST

Farmers

Up to Rs.3 lakh – 1% above Base rate effective rate 11.5%

Above Rs.3 lakh  to Rs.10 lacs – 2% above Base rate effective rate 12.5%

Traders

Upto Rs.10 Lac  2% above Base rate Effective rate 12.5%

 

REPAYMENT

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

 

(Ref. Agri Cir No.7/2010 Dated 22.06.2010 )

 

 

 9. 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 7.50 crores  *  The amount may vary depends to states

 Loan may  be sanctioned as Demand loan or cash credit

RATE OF INTEREST

 

For  Loan upto 6 months –2.1% above Base rate Effective rate 12.6% pa

For  loans above 6 months – 2.6% above Base rate Effective rate 13.10% pa

 

REPAYMENT

Within a maximum period of    12  months

 

 

(Ref. Agri Cir no.23/2008 dated 31.12.2008, Cir letter 20/2009 dated 8.7.2009, Cir letter No.7/2010 dated 17.04.2010,Cir No  7/2010 dated 22.6.2010  Cir No.22/2010 dated 06.12.2010)

 

 

 

10. AGRI. LOAN TO NON-RESIDENT INDIANS

 

ELIGIBILITY

Agricultural advances are available to the resident family members (means spouse, father, mother, brother, sister etc.) of Non-Resident Indians for land-based activities in respect of the land held by them in India subject to:

a.      The loan should be need based and the total land holding of the Non-Resident Indian, in individual name or jointly with others, should not exceed 5 ha.

b.      The loan amount shall not be used for acquiring any additional land.

 

 

PURPOSE

To finance farmers only for land-based activities and to carryon agricultural activities on the existing land.

 

AMOUNT OF LOAN

The maximum amount of the loan will be 3 lacs.(  Power of attorney should be registered by the Non Resident Indian to avail the loan on his behalf ) .

 

RATE OF INTEREST

Interest rate as applicable to Short Term loans or Term loans prevailing at the time of availing the loan subject to changes.

 

REPAYMENT

The loan can be repaid out of the income generated from the agricultural activities or remittances from abroad or by debit to their NRE/NRO/FCNR accounts.

 

( Ref. Agri Cir No.45/1994 Dated 31.8.94,  25/1999 dated 30.7.1999)

 

 

 

11. 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

Interest rate ranges from 2.25%  to 6.5% above Base Rate for various limits.

 

REPAYMENT

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

 

  

12. 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

Interest rate limit above Rs. 2 lacs to  Rs 5 lacs – 4.50%  above Base rate Effective rate 15 %. Above 5 lacs  5.50% above Base rate effective rate 16% pa

 

REPAYMENT

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

 

 

13. AGRICULTURE GOLD LOAN

 

ELIGIBILITY

Allindividuals who are in need of short term production requirements,l farmers undertaking cultivation or engaged in other agricultural activities  are eligible for short-term finance.

 

PURPOSE

To meet genuine  agricultural short term credit requirements for raising crops

 

AMOUNT OF LOAN

 

The eligible loan amount should be assessed based on the area under cultivation, crops(s) raised, scale of finance . The bank should be satisfied of the genuineness of the farming activities, area of farm holdings, based on land records/ possession.

Valuation  is based on the  quality of gold ornaments  offered as security based on 

 

RATE OF INTEREST

As applicable to KCC/ACC

 

REPAYMENT

As applicable to Agri. Cash Credit accounts depending on the duration of crops raised and harvesting period and income generation, subject to a maximum period of 12 months.  The account has to be closed at the end of the repayment period.

 

 

(  Ref. Agri Cir no. 15/2010 Dated 19.10.2010, 3/2010 Dated 26.3.2010, 10/2011 Dated 3.11.2011 )

 

14. KARSHAKA SUHURUTH

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) 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/  ---  2.25% above Base Rate Effective rate 12.75% pa

REPAYMENT

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

 

 

(  Ref.  Agri Cir. 15/2008 Dated 11.10.08 )