Agriculture Finance
1.
SBT
KISAN GOLD CARD SCHEME (General
purpose Agriculture Term Loan)
ELIGIBILITY
a. Farmers
having good track record of repayment for the last two years.
b. Farmers who have closed their loan account without
default and not our current borrowers.
c. Farmers who have defaulted in repayment but closed
the Loan within the stipulated
repayment period.
d. Farmers who are maintaining deposits with the Bank.
e.
Good borrowers of other banks provided they liquidate their dues with other
banks.
f.
Good farmers who have not availed loans from any bank.
PURPOSE
The
borrower is at liberty to utilize 50% of the amount 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.10 lakh.
RATE OF INTEREST
Interest
rate ranges from 1.75% below to 0.50% above BPLR for limits up to Rs.10 lakh.
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 or more etc.
DISBURSEMENT
Cash
disbursals are allowed to the full extent of the credit limit.
REPAYMENT
The
repayment period shall be 10 years. The due date of the instalment shall be
fixed in such a way to coincide with the date of generation of income.
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. The scale
of finance to farmers who own cultivated land below one acre will be at the rate
of Rs.40000/- (on pro rata basis) and farmers who own more than one acre with
intensive farming of land be given at the rate of Rs.37500/- per acre and part
thereof.
RATE OF INTEREST
Interest
rate ranges from 2.50% below to 1.50% above BPLR for various limits.
REPAYMENT
Running
Cash Credit account for 36 months subject to annual review and total annual
credit should exceed annual debit.
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.40000/- and farmers who own more than one acre
of land be given at the rate of Rs.37500/- per acre and part thereof.
RATE OF INTEREST
Interest
rate ranges from 2.50% below to 1.50% above BPLR for various limits.
REPAYMENT
The
facility will be sanctioned as an Agriculture Cash Credit limit (In case of
Kisan Credit Card running cash credit).
4.
VENTURE CAPITAL LOAN SCHEME OF ANIMAL HUSBANDARY AND POULTRY
NABARD
assisted scheme for development of dairy and poultry sector with 50% interest
free loan, repayable revolving fund from Government of India and interest
subsidy for regular repayment of loan.
ELIGIBILITY
a.
Farmer / individual entrepreneurs and groups of all sections of unorganized as
well as organized sector.
b.
Veterinary Science graduates for providing loan under the component of
veterinary clinics.
c.
Milk societies and SHGs are eligible.
d.
Individual schemes sanctioned by banks.
PURPOSE
a.
To promote setting up of modern dairy farms for production of clean milk.
b.
To bring structural changes in the unorganized sector, processing and marketing
of pasteurized milk at village level.
c.
To bring about upgradation of quality and traditional technology to handle milk
on a commercial scale.
d.
To boost the unorganized poultry sector and also to give incentive and create
infrastructure facilities.
e.
Establishment of poultry and breeding farms with low input technology and also
for other poultry species.
f.
Setting up of poultry feed plant / laboratory.
g.
Setting up of egg grading, packing and storing facility for export
h.
Marketing of poultry products.
AMOUNT
OF LOAN
DAIRY
SECTOR
ุ
Establishment of
small dairy units Rs.3.00 lakh
ุ
Purchase of
milking machines/milk testers/bulk cooling units Rs.15.00 lakh.
ุ
Purchase of dairy
processing equipment for manufacture of milk products Rs.10.00 lakh.
ุ
Establishment of
dairy product transportation facilities and cool chain Rs.20.00 lakh.
ุ
Cold storage
facilities for milk and products Rs. 25 lakh.
ุ
Establishment of
private veterinary clinics Rs.2.00 lakh for mobile and Rs.1.50 lakh for
stationary clinics.
ุ
Manufacturing of
toned milk / standardized milk discretion of Branch Manager.
ุ
Manufacturing of
indigenous milk products - discretion of Branch Manager.
POULTRY
SECTOR
ุ
Establishment of
poultry breeding farms with low input technology Rs.30.00 lakh.
ุ
Establishment of
feed godown, feed mixing unit, feed analytical unit Rs.16.00 lakh
ุ
Marketing of
poultry products Rs.25.00 lakh
ุ
Egg grading,
packing and storage and for export capacity Rs.80.00 lakh
ุ
Retail poultry
dressing unit Rs.5.00 lakh
ุ
Egg / broiler
carts for sale of poultry products Rs.0.10 lakh.
ุ
Central grower
unit Rs.20.00 lakh.
RATE
OF INTEREST
Interest
rate ranges from 1.75% below to 2.00% above BPLR for various limits.
REPAYMENT
Depend
upon the cash flow and to a maximum of 9 years including a grace period of two
years.
5.
LOAN FOR ESTATE PURCHASE
ELIGIBILITY
The
estate should be either in yielding stage with the crops in its prime yield age
or capable of being developed in to a viable unit. The yield / net income of the
estate should be sufficient to liquidate the proposed loan and interest accrued
with in a period of 7 to 10 years. The proposed estate should be free from
encumbrance and entire property should be offered as security to the loan.
PURPOSE
To
encourage those who prefer to settle down in agriculture and are in the look out
of good / viable estates for purchase and also to improve production in
agriculture.
AMOUNT
OF LOAN
The
quantum of loan that will be considered for sanction will be 75% of the
registered value or 50% of the market value whichever is low. In exceptional
cases 80% of the registered value or 50% of the market share whichever is low is
also considered. The loan for the development of the estate like land
development including working capital can also be sanctioned.
RATE
OF INTEREST
Interest
rate same as BPLR
REPAYMENT
Repayment
of loan will be in quarterly/half yearly / yearly instalments depending on the
harvest of the crops and the loan shall be repaid within a maximum period of 7
to 10 years.
6.
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 banks other
financing schemes.
RATE
OF INTEREST
Interest
rate ranges from 1.75% below to 2.00% above BPLR for various limits.
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.
7.
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
RATE
OF INTEREST
Interest
rate ranges from 1.75% below to 2.00% above BPLR for various limits.
REPAYMENT
Repayment should coincide with
harvesting and marketing or at the time generation of income from the scheme.
8. 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.
RATE
OF INTEREST
Normal
rate of interest as applicable to ATL
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.
9. 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
Interest
rate ranges from 1.75% below to 2.00% above BPLR for various limits.
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.
10.
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 - 3.50% below PLR 9.50%
Above Rs.3 lakh - 2.50% below PLR 10.50%
Traders
2.50% below PLR 10.50% (Irrespective of the limit)
REPAYMENT
On demand / 6 months which can be extended up to 12 months
subject to satisfactory shelf life / market condition.
11.
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 need based.
RATE
OF INTEREST
Interest
rate ranges from 2.50% below to 1.50% above BPLR for various short-term limits
and from 1.75% below to 2.00% above BPLR for various long-term limits.
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.
12. 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 1.75% below to 2.00% above BPLR for various limits.
REPAYMENT
The
loan shall be repaid within a period of 9 years, in yearly instalments.
13. 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 ranges from 1.75% below to 2.00% above BPLR for various limits.
REPAYMENT
The
period of repayment shall be 9 years for tractors and 7 years for power tillers.
14.
AGRICULTURE GOLD LOAN
ELIGIBILITY
All individual farmers
undertaking cultivation or other activities including allied activities are
eligible for short-term finance.
PURPOSE
To meet genuine credit
requirements of farming including allied activities, repairing of equipments and
consumption needs etc.
AMOUNT
OF LOAN
The eligible loan amount should
be assessed based on the area under cultivation, crops(s) raised, scale of
finance and not in relation to the value of gold offered as security.
RATE
OF INTEREST
Interest
rate ranges from 2.50% below to 1.50% above BPLR for various limits. For
working capital loans like ACC/KCC/AGL up to Rs.3 lakh interest at the rate of
7% is extended as per RBI guidelines subject to the periods stipulated by RBI
and beyond that normal rate will apply.
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.
15.
SCHEME FOR DEVELOPMENT / STRENGTHENING OF AGRI. MARKETING
INFRASTRUCTURE, GRADING AND STANDARDIZATION
ELIGIBILITY
Scheme shall be available to individuals, groups of farmers / growers / consumers, partnership / partnership firms, NGOs, SHG, Companies, Corporations, Cooperatives, Co-marketing Federations, Local Bodies etc.
PURPOSE
For development of agricultural marketing operations including strengthening of infrastructure, techniques of preservation, storage etc.
AMOUNT
OF LOAN
As per the project
RATE
OF INTEREST
BPLR irrespective of credit size.
REPAYMENT
Adequate long-term repayment period according to the project.
16.
CONSTRUCTION / RENOVATION / EXPANSION OF RURAL GODOWN
The project for construction of rural godowns can be taken up by Individuals, Farmers, Group of farmers/growers, Partnership / Proprietary firms, NGOs, SHGs, Companies, Corporations, Co-operatives, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations.
PURPOSE
To create scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce and agricultural inputs.
AMOUNT
OF LOAN
As per the project.
RATE
OF INTEREST
As
applicable to advances under SIB / C&I segments will be charged.
REPAYMENT
Adequate
long-term repayment period, not less than 5 years including a grace period of
one year.