Welfare Measures

State Bank of Travancore, premier bank in Kerala, has been very proactive in extending several lending and non lending activities through its branch network to all categories of weaker section in general and Scheduled castes, Scheduled tribes and Minority communities in particular. All our branches are sanctioning loans recommended by SC/ST Corporation, Block Development Office and other development agencies. Women, Physically handicapped persons, Slum dwellers and those in the lower strata of the society are given special preference in sanctioning of loans. The data relating to this is as under.

 

Agricultural SchemesCorporate Info

FINANCING COCONUT NEW PLANTATION / REPLANTING

  • PURPOSE

    Long Term Loan for raising new plantaion/Replanting to members of the Producers Society promoted by Coconut Develeopemt Board,to meet the expenses from the preparation of land for planting till yielding stage.

  • LOAN PERIOD

    Loan is disbursed in instalments over a period of seven years depending on the requirement.

  • LOAN AMOUNT

    As per the amount (unit cost) fixed by the government agencies (NABARD) for the place.

  • MARGIN

    10% for small & marginal farmers and 15% for other farmers.

  • REPAYMENT

    Interest & loan amount to be repaid after the plant starts yielding. The interest accrued during the initial 7 years to be repaid during 7th year to 9th year.The principal & accrued interest during corresponding year to be repaid from 10th to 13th year in instalments.

  • SECURITY

    1. (i)Primary -Hypothecation of the crops raised with the banks finance
    2. Collateral –

      a).Limits upto to Rs.1,00,000 : NIL

      b. Limits above Rs.1,00,000 : Mortgage of landed property

  • REPAYMENT

    Interest and loan amount to be repaid after the plant starts yielding. The interest accrued during the first five /six years depending on the variety of crop and the loan amount to be repaid from the fifth/sixth year to 12th year in instalments

POULTRY FARMING

  • PURPOSE

    To establish Broiler unit, Layer unit etc.

  • LOAN AMOUNT

    As per the amount (unit cost) fixed by the government agencies for the place. Loan is disbursed in stages.

  • MARGIN

    15 to 20 % depending on the category of borrowers.

  • REPAYMENT

    In instalments depending on the income generated.

  • SECURITY

    1. (i)(i)Primary -Hypothecation of the assets purchased with banks finance.
    2. Collateral –

      a).Limits upto to Rs.1,00,000 : NIL

      b. Limits above Rs.1,00,000 : Mortgage of landed property

  • REPAYMENT

    Interest and loan amount to be repaid after the plant starts yielding. The interest accrued during the first five /six years depending on the variety of crop and the loan amount to be repaid from the fifth/sixth year to 12th year in instalments

FINANCING FOR ORGANIC COFFEE - NEW PLANTATION

  • PURPOSE

    Long Term Loan for raising new plantation, to meet the expenses, from the preparation of land for planting till yielding stage

  • LOAN PERIOD

    Loan is disbursed in instalments over a period of five years or six years in stages depending on the requirement.

  • LOAN AMOUNT

    As per the amount (unit cost) fixed by the government agencies (NABARD/Coffee Board) for the place.

  • MARGIN

    15% for small farmers and 25% for others

  • SECURITY

    1. (i)Primary –Hypothecation of the crops raised with banks finance.
    2. Collateral –

      a. Limits up to Rs.1,00,000 : NILL

      b. Limits above Rs.1,00,000 : Mortgage of landed property

  • REPAYMENT

    Interest and loan amount to be repaid after the plant starts yielding. The interest accrued during the first five /six years depending on the variety of crop and the loan amount to be repaid from the fifth/sixth year to 12th year in instalments

FINANCING FOR TEA - NEW PLANTATION

  • PURPOSE

    Long Term Loan for raising new plantation, to meet the expenses, from the preparation of land for planting till yielding stage

  • LOAN PERIOD

    Loan is disbursed in instalments over a period of five years in stages depending on the requirement..

  • LOAN AMOUNT

    As per the amount(unit cost) fixed by the government agencies (NABARD/Tea Board) for the place.

  • MARGIN

    15% for small farmers and 25% for others

  • SECURITY

    1. Primary -Hypothecation of the crops raised with banks finance.
    2. Collateral –

      a. Limits up to Rs.1,00,000 : NIL

      b.Limits above Rs.1,00,000 : Mortgage of landed property.

  • REPAYMENT

    Interest and loan amount to be repaid after the plant starts yielding. The interest accrued during the first five years and the loan amount to be repaid from the sixth year to 12th year in instalments.

PURCHASE OF MULTIUTILITY VEHICLES FOR AGRICULTURAL PURPOSES

  • PURPOSE

    For purchase of brand new vehicles such as two wheelers mopeds, motor cycles, scooters, three wheelers, four wheelers, carriages, van, maxi cabs, jeep, car, lorry, truck etc, with accessories for supervising agricultural operation / management of farm/ estate and for transportation of agricultural produce/ inputs, labour, etc.

  • ELIGIBILITY

    Farmers whose annual net income from farming and allied activities is more than ` One lac.

  • QUANTUM OF LOAN

    80% of the cost of vehicle or 4 times net annual income whichever is less. Maximum Rs.10 lacs

  • MARGIN

    20 % of the cost of the vehicle

  • REPAYMENT

    In instalments depending on the income generated from Agriculture. Maximum loan period is 7 years

  • SECURITY

    1. Upto Rs. 1,00,000/- : Hypothecation of vehicle.
    2. Above Rs. 1,00,000/- : Hypothecation of vehicle and guarantee of a person with sufficient worth or mortgage of landed property.
  • INSURANCE/REGISTRATION

    1. Hypothecation to be marked with the Regional Transport Officer
    2. Comprehensive insurance with bank clause to be arranged

KISAN CREDIT CARD

  • PURPOSE

    1. To meet the short term credit requirement for cultivation of crops, Consumption requirements.
    2. Working capital for maintenance of farm assets and allied activities like dairy, fishery etc.
    3. Investment credit requirement for agriculture and allied activities.
  • OBJECT

    KCC aims at adequate and timely support from the Bank to meet their requirements for cultivation of crops, maintenance of the animals, to meet their contingent needs in a flexible and cost effective manner

  • SALIENT FEATURES OF LOAN

    1. Loan limit is fixed on the basis of area under cultivation, crop cultivated and scale of finance fixed by the District Authorities for the crop + consumption component 10% + 20% for maintenance of farm assets etc. This is the Maximum Drawing limit for a year.
    2. The loan is sanctioned for 5 years. For every successive year the maximum Drawing Limit of the year will be-stepped up @ 10% and the amount so arrived for the fifth year is the Max. Permissible Limit.
    3. The limit is sanctioned as running cash credit permitting the farmers any number of credits and drawals within the sanctioned limit.
    4. Withdrawal through ATM Cards, Cheques etc.
    5. Running account for 60 months subject to annual review. No drawal in the account. Should be outstanding for more than 12 months.
    6. Personal Insurance cover for life up to Rs.50000/- and permanent disability cover up to Rs.25000/- is available
  • SECURITY

    a)upto Rs. 1 lac (maximum Permissible limit)- Hypothecation of crops.

    a)Above Rs. 1 lac – mortgage of the property

  • INTEREST

    1. For loan upto Rs. 3 lacs: Interest subvention from Government of India is available at 7% interest for the crop period(maximum 12 months). If repaid within the due date 3% interest subvention is also available for prompt repayment. So the effective interest rate is 4% only if repaid within due date (maximum 12 months).

    2. For loan above 3 lacs:Fixed by the bank time to time

KISAN GOLD CARD

  • OBJECT

    Term loan to farmers having regular agricultural income for investment and consumption purpose
  • ELIGIBILITY

    1. Farmers who have not availed loan from any other Bank

    2. Farmers having good track record of repayment in their loan accounts for the last two years.

    3. Borrowers of other banks also eligible provided they liquidate their outstandings with other Banks.

  • REPAYMENT

    In instalments depending on the income generated. Maximum period 10 years.
  • LOAN AMOUNT

    Above Rs. 1 lac Maximum: Rs. 15 lacs

    5 times the gross annual farm income OR 50 % of value of land offered as collateral security, whichever is lower.

    No interest subvention from govt.

     

AGRI GOLD LOAN(Subvention-Linked)

  • PURPOSE

    These advances are granted to agriculturists for purchase of inputs or to meet the expenditure to raise crops
  • TYPE OF LOAN/FACILITY

    Demand Loan (Agri)

  • ELIGIBILITY

    Borrower should be an agriculturist engaged in raising crops. The applicant should satisfy the KYC guidelines.
  • SECURITY

    Pledge of Gold Ornaments
  • QUANTUM OF LOAN

    The amount of loan is fixed according to the scale of finance/cultivation expenses and advance value of gold. The amount of loan should not be higher than the advance value of Gold ornaments pledged. Maximum Loan Rs.10 lakhs (For loan above Rs.5 lakh ornaments should be appraised by two appraisers)
  • PERIOD OF LOAN

    Depends on the period of the crops for which the loan is availed Maximum 12 months
  • VALUATION

    As fixed by the Bank from time to time
  • MARGIN

    Nil
  • RATE OF INTEREST

    Limit

    Interest Rate (% p.a)

    Up to Rs.50,000/-

    1% above Bank's Base Rate 

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

    1.75% above Bank's Base Rate 

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

    2.75% above Bank's Base Rate 

    Above Rs.5 lac but upto Rs.10 lac

    3% above Bank's Base Rate

     

    Interest Subvention

    • Interest subvention is available from Govt. of India for short term crop loans upto Rs.3 lacs, sanctioned at 7% interest p.a. up to the due date subject to a maximum period of 12 months.
    • If the farmer repays the crop loan within the due date/ 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%.
  • PROCESSING FEE AND APPRAISAL CHARGES

    Rs.4/1000 or part minimum Rs.30/maximum Rs.250/.
  • APPRAISAL OF GOLD ORNAMENT

    To be paid to the appraiser. Rs.1/1000 minimum Rs.50 or part maximum Rs.300/-
    Appraisal of ornaments by the external appraiser can be waived up to Rs.25000/- if Head Cashier is satisfied with the purity of the gold. For loan above Rs.25000/- appraisal by external appraiser is necessary

AGRI GOLD - TERM LOAN(Allied Activities)

This can be granted to any farmer engaged in agriculture, cultivating own land/or leased land or engaged in allied activities like Dairy, Poultry, Piggery, Sheep,Fisheries etc. as well as investment credit activities permitted to be classified under agriculture as per RBI/GOI/NABARD guidelines including farm mechanization, land development, irrigation, horticulture, floriculture, farm house, transportation of agriculture produce etc. The benefit of interest subvention is not eligible to such term loans against Gold.
  • APPLICATION AND APPRAISAL

    The Applicant farmers should submit the revised application, appraisal-cum-arrangement letter along with a prescribed Gold ornaments take delivery letter.
  • ELIGIBILITY

    Any person engaged in agriculture or allied activities requiring investment credit as permitted by RBI to be classified under agriculture.
  • ADVANCE VALUE

    As fixed by the Bank from time to time
  • QUANTUM OF LOAN

    The amount of loan that can be granted against the security of Gold ornaments should not be higher than the advance value of the Gold ornaments pledged with a maximum limit of Rs.25 Lakhs.
     
  • SECURITY

    Gold ornaments Pledged
  • REPAYMENT

    The repayment period of the loan is fixed so as to coincide the harvesting and marketing season / generation of income from the activity, allowing 2 to 3 months time after harvesting to market the produce and realize the proceeds. Maximum of 3 years, with a condition that at least 10% of the principal and the interest
    accrued has to be serviced during the first and second years compulsorily. Entireloan should be repaid within three years.The outstanding in the loan account should not exceed the advance value of the ornaments at any point of time during the loan period.
  • RATE OF INTEREST

    Loan Slab

    Interest Rate (% p.a)

    Up to Rs.25 Lakhs

    1.75% above Base Rate.
  • PROCESSING FEE  

    As applicable to Agricultural Gold loan.
    Prevailing rate Rs.4 per Thousand minimum Rs.30 Max. Rs.250
  • APPRAISAL CHARGES

    To be paid to the appraiser.
    Rs.1/1000 Min Rs.50 or part Max Rs.300/-

AGRI GOLD - DEMAND LOAN(Allied Activities)

This is granted to any farmer engaged in allied agricultural activities like Dairy,Poultry, Piggery, Sheep, Fisheries etc.to be classified under agriculture as per RBI/GOI/NABARD guidelines. The benefit of interest subvention is not eligible to this loan.
  • ELIGIBILITY

    Any person engaged in allied agricultural activities requiring working capital or investment credit as permitted by RBI to be classified under agriculture.
  • ADVANCE VALUE

    As fixed by the Bank from time to time
  • QUANTUM OF LOAN

    The amount of loan that can be granted against the security of Gold ornaments should not be higher than the advance value of the Gold ornaments pledged with a maximum limit of Rs.3 Lakhs.
     
  • SECURITY

    Gold ornaments pledged.
  • REPAYMENT

    Should be repaid within a Maximum period of 12 months
  • RATE OF INTEREST

    (Up to 3 lakhs)1.75% above Base Rate.
  • PROCESSING FEE 

    As applicable to Agricultural Gold loan.
    Prevailing rate Rs.4 per Thousand minimum Rs.30, maximum. Rs.250
  • APPRAISAL CHARGES

    To be paid to the appraiser.
    Rs.1/1000 Min Rs.50 or part Max Rs.300/-

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

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.

  • 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%

  • MARGIN

    25% of the total cost

  • 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

INDIRECT AGRI LOANS TO DEALERS IN FERTILIZERS , PESTICIDES, 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

RATE OF INTEREST

  • Upto 25 lakhs1 % above Base Rate.
  • Above 25 lakhs, as per CRA Rating.

       

  • MARGIN

    Goods 25 %

    Receivables Bills 50 %

    Book Debts –50 %

  • SECURITY

    Primary Hypothecation of stocks/receivables

    Collateral Should cover not less than 100 % of the loan amount.

DAIRY ENTREPRENUERSHIP DEVELOPMENT SCHEME - WITH NABARD SUBSIDY

  • OBJECTIVES

    • To encourage heifer calf rearing thereby improving the quality of animals
    • To improve the infrastructure for processing of milk especially at the village level like mini dairy plant, Refrigerated milk tanker,
    • To bring about up gradation of quality and technology to handle milk on a commercial scale like cold storage, milking machine, milk cooling unit.
    • To generate self employment and provide infrastructure mainly for unorganized sector like milk parlour
    • To promote setting up of modern dairy farms for production of clean milk
  • ELIGIBILITY

    1. Farmers, individual entrepreneurs, NGOs, companies, groups of unorganized and organized sector etc. Groups of organized sector include self help groups, dairy cooperative societies, milk unions, milk federations etc.
    2. An individual will be eligible to avail assistance for all the components under the scheme but only once for each component
    3. More than one member of a family can be assisted under the scheme provided they set up separate units with separate infrastructure at different locations. The distance between the boundaries of two such farms should be at least 500m.
  • PURPOSE

    Under the scheme, loans can be granted for purchase of brand new vehicles such as two wheelers mopeds, motor cycles, scooters, three wheelers, four wheelers, carriages, van, maxi cabs, jeep, car, lorry,
    truck etc, with accessories for supervising agricultural operation / management of farm/ estate and for transportation of agricultural produce/ inputs, labour etc.
  • RATE OF INTEREST

    Rs.50,000-2 Lacs

    1.25% above Base Rate Eff. Rate-11.50

    Above Rs.2 Lacs- 5 Lacs

    2.25% above Base Rate, Eff. Rate – 12.50

    Above 5 Lacs - 25 Lacs

    3.25% above Base Rate, Eff. Rate – 13.50

  • SUBSIDY

    Components that can be financed, indicative unit cost and pattern of assistance are given below.
    SL No COMPONENT UNIT COST PATTERN OF ASSISTANCE FROM NABARD
    1
    Establishment of small dairy units with crossbred cows/
    indigenous descript milch cows like Sahiwal,Red Sindhi Gir, Rathi etc / graded buffaloes upto
    10 animals
    Rs 5.00 lakh for
    10 animal unit
    minimum unit -
    size is 2 animals
    with an upper
    limit of 10
    animals. This
    includes the
    expenses for
    cattle shed
    ,insurance of the
    animal,
    medicine and
    reasonable
    transportation
    cost and feed.
    25% of the outlay (33 .33 % for SC / ST farmers) as back ended capital subsidy subject to a ceiling of Rs
    1.25 lakh for a unit of 10 animals (Rs 1.67 lakh for SC/ST farmers).Maximum permissible capital subsidy is Rs 25000 (Rs 33,300 for
    SC/ST farmers) for a 2 animal unit.Subsidy shall be. restricted on a prorata basis depending on the unit size
    2
    Rearing of heifer calves -
    cross bred indigenous
    descript milch breeds of
    cattle and of graded
    buffaloes - upto 20
    calves
    Rs 4.80 lakh, for
    20 calf unitminimum
    unit
    size of 5 calves
    with an upper
    limit of 20 calves
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital
    subsidy subject to a ceiling of Rs 1.20 lakh for a unit of 20 calves (Rs 1.60 lakh for SC/ST farmers).
    Maximum permissible capital subsidy is Rs.30,000 ( Rs.40,000 for
    SC/ST farmers) for a 5 calf unit. Subsidy shall be restricted on a
    prorata basis depending on the unit
    size
    3 Vermi-compost(with milch animal unit .To be
    considered with milch
    animals and not
    separately )
    Rs 20,000/- 25% of the outlay (33.33 % for SC /ST farmers) as back ended capital subsidy subject to a ceiling of Rs 5,000/- (Rs 6700/- for SC/ST farmers,).
    4
    Purchase of milking
    machines milk testers/
    bulk milk cooling units
    (upto 2000 liter capacity)
    Rs.18 lakhs
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital subsidy subject to a ceiling of Rs.4.50 lakh (Rs.6.00 lakh for SC/ST farmers).
    5
    Purchase of dairy
    processing equipment
    for manufacture of
    indigenous milk products
    Rs.12 lakh
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital
    subsidy subject to a ceiling of Rs 3.00 lakh (Rs 4.00 lakh for SC/ST
    farmers).
    6
    Establishment of dairy
    product transportation
    facilities and cold chain
    Rs 24 lakh
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital subsidy subject to a ceiling of Rs 6.00 lakh (Rs 8.00 lakh for SC/ST farmers).
    7
    Cold storage facilities for
    milk and milk products
    Rs 30 lakh
    25% of the outlay (33.33% for SC/ST farmers) as back ended capital subsidy subject to a ceiling of
    Rs 7.50 lakh (Rs.10.00 lakh for SC/ST farmers).
    8
    Establishment of private
    veterinary clinics
    Rs 2.40 lakh for
    mobile clinic and
    Rs1.80 lakh for
    stationary clinic
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital
    subsidy subject to a ceiling of Rs 60,000/- and Rs.45,000/- (Rs.80,000/- and Rs.60,000/- for
    SC/ST farmers) respectively for mobile and stationary clinics
    9
    Dairy marketing outlet/
    Dairy parlour
    Rs 56,000/-
    25% of the outlay (33.33 % for SC / ST farmers) as back ended capital
    subsidy subject to a ceiling of Rs
    14,000/-(Rs 18,600/- for SC/ST farmers).
  • MARGIN/FUNDING PATTERN

    Entrepreneur contribution ( margin)- 10 % of the outlay ( minimum)
    Back ended capital subsidy - as indicated in the above table
    Effective Bank Loan - Balance portion, Minimum of 40% of the outlay
  • LINKAGE WITH CREDIT

    Assistance under the scheme would be purely credit linked and subject to sanction of the project by eligible financial institutions
  • PROCESSING CHARGE

    An upfront fee of 0.5% of the loan amount.
    Min- Rs.1000/- Max Rs. 10,000/-
    (Min. Rs.500 for Two wheelers)
  • REPAYMENT

    Repayment Period will vary between 3- 7 years. Grace period may range from 3 to 6 months in case of dairy farms, to 3 years for calf rearing units (as per needs of individual projects).
  • SECURITY

    a. Upto Rs.1 Lakh: Primary: Hypothecation of the assets created out of Bankfinance.
    b. Above Rs.1 Lakh: In addition to the primary security, collateral security by mortgage of property or personal guarantee.
     
  • TIME LIMIT FOR COMPLETION OF THE PROJECT

    (a) Time limit for completion of the project (except for calf rearing units wheredisbursements are expected to continue till two years) would be as envisaged under the project, subject to maximum of 9 months period from the date of disbursement of the first installment of loan which may be extended by a further period of 3 months, if reasons for delay are considered justified by the branch.
    (b) If the project is not completed within the stipulated period, benefit of subsidy shall not be available and advance subsidy placed with the branch, if any, will have to be refunded forthwith to NABARD
  • ADJUSTMENT OF SUBSIDY

    • The capital subsidy will be back ended with minimum lock-in period of 3 years.
    • The capital subsidy will be adjusted against the last few installments of repayment of bank loan.

SCHEME FOR HIGH-TECH FARMING (Establishment of Green house)

  • 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 to be considered.
  • PURPOSE

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

    As fixed by NABARD/government agency from time to time.

  • 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 BaseRate

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

     

    2% above BaseRate

    Above Rs.3 lakh up to Rs.5 lakh

    3% above BaseRate

    Above Rs.5 lakh but below Rs.25 lakh

    3.25% above BaseRate

    Limits Rs.25 lakhs and above  Based on Credit Rating
  • 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.

  • 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.

  • INSPECTION and INSPECTION CHARGES

    Upto Rs.25,000 Nil
    > Rs.25,0000 to Rs.2 Lakhs Rs.500+service tax @12.36% on charges recovered
    > Rs.2 Lakhs Rs.3000+service tax @12.36% on charges

RUBBER PLANTATION DEVELOPMENT SCHEME

  • PURPOSE

    Long Term Loan for raising new plantation/ replantation to meet the expenses from the land preparation till yielding stage.
  • LOAN PERIOD

    Loan is disbursed in instalments over a period of six years in stages depending on the requirement.
  • LOAN AMOUNT

    As per the amount (unit cost) fixed by the government agencies (NABARD/Rubber Board) for the place.
  • MARGIN

    15% for small farmers and 25% for others.
  • SECURITY

    1. (i)Primary –Hypothecation of the crops raised with banks finance. 2. Collateral – 3. a. Limits up to Rs.1,00,000 : NILL 4. b. Limits above Rs.1,00,000 : Mortgage of landed property
  • REPAYMENT

    Interest and loan amount to be repaid after the plant starts yielding. The interest accrued during the first six years and the loan amount to be repaid from the seventh year to 14th year in instalments

Financing of Commercial Horticulture – Promoted by National Horticulture Board

  • PURPOSE

    For the development of hi-tech commercial horticulture, development of modern post-harvest management infrastructure and to promote and market development of fresh horticulture produce
  • ELIGIBILITY

    Both production related components and Post Harvest Management/ Primary Processing related components
  • LOAN AMOUNT

    Cost of cultivation of the crop + investment cost as approved by National Horticulture Board
  • LOAN PERIOD

    8 years
  • SECURITY

    Crop, Land and the assets created
  • SUBSIDY

    20 to 25% of the capital cost of the project depending on the location

Financing for construction of Cold Storage- Promoted by National Horticulture Board

  • PURPOSE

    Term loan for construction of new Cold Storage and modernisation of Cold Storage promoted by National Horticulture Board
  • LOAN PERIOD

    8 years
  • LOAN AMOUNT

    75% of the project cost, disbursed in stages
  • SECURITY

    Land, Building and the Cold Storage
  • SUBSIDY

    40 to 55% of the capital cost of the project depending on the area and the capacity of the cold storage