Agriculture Credit
Agriculture is the backbone of Indian Economy. Keeping in view the specific requirements of customers, UCO Bank has introduced a range of products at attractive rates of interests.
Standardised Common Loan Application Form for Agriculture
Agri Clinic and Agri Bussiness Centre (ACABC) |
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1. |
Purpose |
Enabling Quality private agricultural and allied extension services Promoting Entrepreneurship and self- employment opportunity |
2. |
Facility |
Term loan |
3. |
Target group |
Individual or Group Projects under Agriculture/Allied Sectors |
4. |
Quantum of loan |
Maximum for Individuals :Rs. 20 lacs, in deserving cases can be sanctioned up to Rs. 25 lacs. Maximum for Group: Rs. 100 lacs |
5. |
Repayment Period |
5-10 years-depends on the project |
6. |
Margin |
No margin money up to Rs. 5 lacs |
7. |
Subsidy |
36% for General category 44% for women, SC/ST, North Eastern & Hill states Note: |
8. |
Collateral Security |
Up to a loan amount of Rs.10 lakh : Nil Above Rs. 10 lakhs: As per Bank’s guidelines. |
9. |
Rate of Interest |
Up to Rs. 25 lakhs: MCLR + 1% Above Rs. 25 lakh to Rs. 100 lakh: MCLR + 2% |
Agri Mudra Loan |
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1. |
Purpose |
Financing activities Allied to Agriculture for income generation |
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2. |
Facility |
Term Loan Cash Credit |
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3. |
Activities Covered |
Dairy/Poultry/Fisheries Goat/Sheep/Piggery/Duckery/Calf Rearing Bee Keeping Agri clinic & Agri Business Centers Horticulture Food Processing Other Agri & Allied Activities |
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4. |
Quantum of loan |
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5. |
Repayment Period |
Term Loan: To be repaid in suitable instalments . OD & CC: Repayable on demand & renewal/annual review as per the Bank’s guideline |
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6. |
Security |
Primary Security: First charge on all assets created out of the Bank’s loan to the borrower and the assets which are directly associated with the business /project for which credit has been extended.
Collateral Security: Nil
CGFMU coverage : To be done in eligible cases.
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7. |
Unique Selling Point (USPs) |
No collateral security Low interest rate Fast Processing through STP. |
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8. |
Rate of Interest(ROI) |
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AHIDF |
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1. |
Purpose |
To extend financial assistance for establishment of new units and strengthening of existing units of dairy or meat processing & value addition infrastructure and animal feed plant. |
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2. |
Facility |
Term Loan |
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3. |
Eligible Entities |
· Individual · Proprietorship Firms · Partnership Firms · FPOs/ FPCs · Private companies · Section 8 companies · Micro, small and Medium Enterprises |
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4. |
Quantum of loan |
Max. 90% of Eligible project cost (Maximum quantum Rs. 100 Crores per borrower from the entire banking system. |
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5. |
Repayment Period |
Term loan: 96 months (Including moratorium period of 24 months) |
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6. |
Margin |
Min. 10% |
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7. |
Security |
· Hypothecation of assets created out of bank finance · CGTMSE Coverage up to Rs. 2 Crore · Credit Guarantee coverage up to 25% of the credit facility from NABARD |
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8. |
Interest Subvention |
3% of all eligible cases. |
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9. |
Rate of Interest |
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UCO Agriculture Marketing Infrastructure (UCOI-AMI) |
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1. |
Purpose |
To develop marketing infrastructure to effectively handle and manage marketable surpluses of agricultural and allied produce including horticulture livestock, poultry, fishery, bamboo, minor forest etc. To promote innovative and latest technologies in post- harvest and agricultural marketing infrastructure. To promote creation of scientific storage capacity for storing farm produce, processed farm produce and agricultural inputs etc. to reduce post- harvest & handeling losses,promote pledge financing and market access. Upgrading of Gramin Haats. |
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2. |
Facility |
Term Loan |
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3. |
Target group |
Individual Group of Farmers/growers FPOs/FPCs Partnership/Proprietary firms Companies Corporations Cooperative Marketing Federations Autonomous Bodies of the Government State Govt. Department Autonomous organization/State owned corporations etc. |
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4. |
Quantum of loan |
As per project requirement |
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5. |
Repayment Period |
Maximum 7 years |
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6. |
Margin |
20% of project cost. |
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7. |
Subsidy |
Maximum 33.33% on capital subsidy(in eligible cases) |
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7. |
Security |
Hypothecation of assets created out of our bank finance. CGFMU/CGTMSE/SFAC guarantee coverage in eligible cases. |
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8. |
Rate of Interest |
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Kisan Credit Card to Animal Husbandry & Fishery (KCCAHD & F) |
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1. |
Purpose |
To meet the short term credit requirements as working capital for Animal Husbandary & Fishery Working Capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery etc. |
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2. |
Facility |
Short term Working capital
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3. |
Target group |
A .Fishery: Fishers , Fish Farmers (Individual & Groups/Partners/Share croppers/Tenant Farmers ,Self Help Groups & Joint Liability Groups involve in i)Inland Fisheries & Aquaculture ii)Marine Fisheries B. Poultry & Small Ruminant: Farmers, Poultry farmers either individual or joint borrower, Joint Liability Groups or Self help groups including tenants farmer of Sheep, Goats, Pigs, Poultry, Birds, Rabbit and having owned/rented/leased sheds. C. Dairy: Farmers and dairy Farmers either individual or joint borrower, joint Liability groups or Self Help Groups including tenant farmer of Sheep/Goats/Pigs/Poultry/Birds/Rabbit having owned/rented/leased sheds. |
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4. |
Quantum of loan |
Need based finance considering acerage and scale of Finance(SOF) determined by DLTC (District Level Technical Committee) |
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5. |
Repayment Period |
5 years with 10% annual increase of limit every year, subject to annual review. Facility of renewal cum enhancement up to Limit 1.60 lac is available through Straight Through Process (STP) |
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6. |
Margin |
Nil |
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7. |
Security |
Primary: Hypothecation of assets/livestock created out of Bank finance. Collateral: Without Tie-up for Recovery: a) Limit up to Rs. 1.6 lakh-Nil b) Limit above 1.6 lakh : Collateral security as per Bank’s extant guidelines. With Tie-up for Recovery: a) Limit up to 3 lakh-Nil b) Limit above Rs. 3 lakh: Collateral security as per Bank’s extant guidelines. |
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8. |
Interest Subvention |
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9. |
Rate of Interest |
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1. |
Purpose |
To avail easy and instant credit facilities for the purpose of Agriculture, Investment credit as well as allied activities. |
2. |
Type of Facility |
Demand loan |
3. |
Eligibility |
All borrowers loan against security of gold ornaments. |
4. |
Quantum of loan |
No limit |
5. |
Repayment |
Bullet repayment of principal linked to the harvest season or max. period of 2 years |
6. |
Margin |
15% for tenor up to 6 -12 months 25% up to 24 months |
7. |
Rate of Interest |
Upto 9 Months : 6 Months MCLR Above 9 Months : 1 Year MCLR |
1. |
Purpose |
Mobilize a medium-long term debt for investment in viable projects relating to Post harvest management management infrastructure and community farming assets. |
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2. |
Facility |
Term Loan |
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3. |
Target group |
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4. |
Periodicity |
Till 2032-33 |
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5. |
Quantum of loan |
Maximum 2 crores (under AIF) |
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6. |
Repayment Period |
Maximum 10 years |
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7. |
Margin |
Min 10% |
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8. |
Rate of Interest |
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9. |
Interest Subvention |
3% up to 7 years |
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10. |
CGTMSE Coverage |
Fee will be borne by Govt. (For up tp 7 years) |
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1. |
Purpose |
Financing Food & Agro Processing Unit |
2. |
Facility |
1)Term Loan 2)Working Capital |
3. |
Target Group |
Individual, Proprietor/Partnership concerns, corporates, companies etc., co-operatives, Federation of co- operatives, Self help groups (SHGs),Farmer Producer Organisations, Entities promoted by the state Governments. |
4. |
Quantum of loan |
Maximum of Rs. 100 crores per borrower from the entire banking system. |
5. |
Repayment Period |
Term loan: Maximum 7 years Cash Credit: Facility for a period of one year subject to annual review. |
6. |
Margin |
Term loan: Limit up to Rs.1.00 crore-15% Limit above Rs. 1.00 crores and above-20% Working Capital: 25% margin
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7. |
Collateral |
Primary Security: Hypothecation /Charge creation on asset created out of Bank Finance. Collateral Security: Up to Rs. 10.00 lakh: No collateral or third party Guarantee (CGTMSE/CGFMU coverage ) is mandatory. Above Rs. 10.00 lakh as per requirement of Bank. |
1. |
Purpose |
Credit support to Farmer Producers Companies & Non Farmer Producers Organisation |
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2. |
Facility |
1.Working Capital Fund based-CC,PC & WCTL Non Fund based-LC & BG 2.Term Loan |
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3. |
Target Group |
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4. |
Elligible Activity |
Any other productive activities based on submitted Investment Plan. |
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5. |
Quantum of loan |
Minimum: Rs. 5.00 lakh Maximum: Rs.500 lakh |
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6. |
Repayment Period |
For Cash Credit -Running limit tenable for a period of 12 months. For Packing Credit/Working capital Term loan: Max 18 months. For term loan:3 to 9 years depending upon purpose of investment. |
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7. |
Margin |
Minimum 15% of loan amount. |
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8. |
Rate of Interest |
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1. |
Purpose |
To meet cost of green house farming |
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2. |
Facility |
Term loan Cash Credit |
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3. |
Target group |
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4. |
Quantum of loan |
Max 1 crore |
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5. |
Repayment Period |
Term loan : Max 7 years Cash Credit: To be Renewed every year |
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5. |
Margin |
5% (if subsidy available) 20% (if subsidy is not available. |
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7. |
Rate of Interest |
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1. |
Purpose |
To provide adequate and timely credit support to farmers, For short term production need For Post harvest expenses, consumption requirement etc. |
2. |
Type of Facility |
Demand loan |
3. |
Target Group |
All farmers - Individuals/Joint borrowers (owner cultivator) Tenant farmers, Oral Lessees & share croppers. |
4. |
Quantum of loan |
Maximum 10 lakhs |
5. |
Repayment |
As per anticipated harvesting and marketing period for the crops for which a loan has been granted. |
6. |
Margin |
Nil |
7. |
Rate of Interest |
Up to Rs.3.00 lakhs: 7% (2% interest subvention) Above Rs. 3.00 lakhs MCLR+0.15% |
8. |
Interest Subvention |
2% (loan up to 3 lakh) 3% (For prompt paying farmers up to Rs. 3 lakh) |
9. |
Security |
Pledge of Gold Ornaments
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1. |
Purpose |
Hassle free single term loan limit to farmers to all term loan requirements like Farm mechanization, Land Development, Minor Irrigation, Water Conservation, Horticulture, Allied Activities and other Agriculture related activities etc. |
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2. |
Facility |
Term loan
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3. |
Elligibility |
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4. |
Quantum of loan |
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5. |
Repayment Period |
Maximum 9 years |
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6. |
Margin |
a)Small and Marginal Farmers:5% b)Other Farmers :15%
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7. |
Rate of Interest |
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1. |
Purpose |
Financing solar or other renewable energy based power plants(REPP) of capacity 500LW to 2MW on barren/uncultivable land backed by PPA (Power Purchase Agreement. PM KUSUM scheme comprises of following three components: Component A:10,000 MW of Decentralized Ground/Stilt Mounted Grid connected Solar or other Renewable energy based power plants of individual plant of capacity 500 KW to 2 KW. Component B: Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps of individual pump capacity up to 7.5 HP Component C: Solarisation of 10 lakh Grid connected Agriculture Pumps of Individual pump capacity up to 7.5 HP.
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2. |
Facility |
Term Loan |
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3. |
Elligibility |
Individual Farmers, Group of Farmers, Co-operatives, Panchayats, Farmer Producer Organisation (FPO),Water User Association (WUA),Sole Proprietorship & Partnership Firm etc. hereinafter called Renewable Power Generator(RPG) |
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4. |
Quantum of loan |
Maximum Rs. 10 Cr (Rupees Ten Crores only) |
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5. |
Concession in Rate of Interest |
0.5%-1.25% (Conditions apply) |
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5. |
Repayment Period |
Maximum 15 years (based on estimated revenue for power generation) |
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5. |
Margin |
30% (minimum) |
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7. |
Rate of Interest |
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1. |
Purpose |
Term loan To extend Financial Assistance to existing micro food processing entrepreneurs as well as new units who are involved in food processing line along with common infrastructure.
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2. |
Facility |
Term Loan |
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3. |
Target Group |
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4. |
Quantum of loan |
Max. 90% of Eligible project cost |
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5. |
Repayment Period |
Term loan: 96 months |
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6. |
Margin |
Min. 10% |
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7. |
Security/CGTMSE |
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8. |
Rate of Interest |
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1. |
Purpose |
Term loan and working capital and/or export needs of Rice shellers |
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2. |
Facility |
a)Advance for term loan b)Advance for working capital finance including export finance. c)Advance against Warehouse receipts d)Non fund based limit (BG) |
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3. |
Target group |
Existing Rice Shelling units having profitable business activities for at least last 3 years and new Rice sheller units (owned as well as "On lease basis) |
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4. |
Quantum of loan |
a)Cash credit (Rs. 5.00 crore for domestic sales and up to Rs.7.50 crores for the unit engaged in export sales b) Term loan |
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5. |
Repayment Period |
Term loan: 60 months (may extended up to 84 months) Cash Credit: liquidation of the working capital within 12 months (if business will be shut down their business after Govt. levy. May be more than 12 months (if two crops of paddy by farmers, where millers are doing milling business for whole of the year). |
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6. |
Margin |
Min 20% in stock (excluding husk) 35% under book debt not more than 90 days. Term loan:25% |
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7. |
Collateral |
60% of Bank finance. |
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8. |
Rate of Interest |
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1. |
Purpose |
a) Income generation activities. b) Social needs like housing, education, marriage etc. |
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2. |
Type of Facility |
a)Cash Credit b)Term loan |
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3. |
Target Group |
SHG (between 10-20 members). In case of special SHGs i.e, groups in difficult areas, groups with disabled persons and in groups formed in remote rural (number may be minimum 5 members. |
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4. |
Quantum of loan |
Maximum 20 lakhs Cash credit limit: Minimum loan of Rs. 6 lakh to each eligible SHG for a period of 3 years with a yearly drawing power (DP).Max Requirement as per Micro credit. Term Loan: As per requirement Min 1.5 lac for Ist year.
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5. |
Repayment |
Cash Credit: To pay all or part of principal drawn in an operational year. Service the interest at the monthly rest irrespective of the activity/SHG product. Term Loan: Up to 60 months. |
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6. |
Margin |
Upto 10 lakh: No Margin Above 10 lakh to 20 lakh: 10% of loan amount exceeding Rs. 10 lakh may be obtained. |
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7. |
Collateral |
Up to 10 lakh: Nil Above 10 lakh: CGFMU coverage |
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8. |
Rate of Interest |
Applicable rate of interest to women SHG under DAY-NRLM in all districts based on the outstanding balances: Both Cash Credit and Term loan:
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Objective
The scheme is specially designed to provide hassle free financial assistance for conveyance needs of farmer for farm activities.
The scheme is for all two-wheelers, medium and light vehicles like mini-trucks, pick up van.
Type of Facilities
Term Loan
Eligibility Criteria for Borrower
An Individual or group of farmers engaged in farming or allied activities:
- Existing KCC holder with 2 years of satisfactory operation with our bank.
- Minimum land holding criteria:
- For Two-Wheeler – Land Holding one hectare or more
- For purchase of light & medium vehicles like, Pick up Vans, Mini Trucks – Land Holding four hectare or more
Sector
Priority Sector-Farm Credit
Quantum of Loan
The total project cost of an individual vehicle is cost of vehicle plus insurance & registration cost.
75% of the project cost is the maximum limit for bank finance
Repayment
Can be monthly or half-yearly
Special Feature
Collateral free up to Rs.1 lac
Sector
Priority Sector-Farm Credit
Eligible Borrowers
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities
Type of Facilities
- Term Loan
- LC & BG
- Pre-shipment credit & Post-shipment Credit
Objective
Construction of Cold Storage or Purchase of Refrigerated Vehicles , etc.
- For Construction/Renovation of ponds/tanks
- For purchase of fingerlings, manuring of ponds etc.
- Financing for fishing Boats.
- Financing for fishing vessels/trawlers, etc
- Construction of Fish Seed Producing Units & Fish Feed Producing Units
Scope
A. In inland fisheries - Financial assistance is extended for Construction/Renovation of ponds/tanks, establishment of Fish Seed producing units & Fish Feed producing units, Construction of sluices, Construction of Cold Storage or purchase of refrigerated vehicles, purchase of prawn, fry and fingerlings/fish seed/prawn seed, purchase of inputs like oil cake, fertilizers, organic fertilizers and other feed material up to the first harvest, small boats, purchase of nets, boxes, crates, baskets, ropes, shovels, hooks and other accessories etc.
B. In Marine fisheries Financial assistance is extended for purchase of mechanized/non-mechanized boats/deep sea fishing vessels/trawlers, purchase of fishing nets, purchase of other deck equipments like winch, wire rope, gallows, net-handler, navigational lights, life jackets, life boats, anchors, direction finders, fish finders, etc. purchase of marine engine, solar powered micro cold rooms etc.
• The scheme provides for term loan facility for construction/expansion/modernization of cold storage for Agriculture and allied products.
Sector
Priority Sector-Agriculture Infrastructure
Eligible Borrowers
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities.
Purpose
- Construction/Expansion/Modernization of Cold Storage for Agriculture and Allied products.
- Cold Chain Infrastructure including Integrated Pack-house, Ripening Chambers, Pre Cooling Units, Cold Storage Units, CA (Controlled Atmosphere ) Storage, IQF (Individual Quick Freezing) Line, Milk Chilling Centre, Blast Freezer, Spiral Freezer, Mobile pre-cooling vans, Refrigerated vans/trucks, Mobile insulated tankers & Refrigerated Containers.
Repayment Period
Repayment of 9 years inclusive of moratorium of maximum one year.
Type of Facility
CC &Term Loan
Sector
Priority Sector-Farm Credit
Eligible Borrowers
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities.
Scope of Coverage
- Pomology – Mainly dealing with fruit crops e.g. Mango, Apple, Banana, etc.
- Olericulture – Dealing with vegetable crops e.g. Potato to Peas and Beans etc.
- Floriculture – Dealing with flowers and other ornamental plants e.g. Rose, Marigold, Gold Mohar, Plams etc.
- Plantation Crops – Dealing with those crops where usually large areas are required for the commercial activity and the produce may be other than fruits, which in most of the cases needs processing before it can be used e.g. Cashew and Cocoa
- Medicinal Plants – Dealing with plants yielding alkaloids and other medicinal constituents e.g. Beladona, Cinchona, etc.
- Essential Oil & Aromatic Plants – Dealing mainly with those plants which on processing yield oil for perfumery, confectionary, medicinal and other uses e.g. Mentha, Tulsi, Jasmine etc.
- Spices & Fruits and Vegetable Preservation by canning, dehydration etc.
Repayment Period
Crop wise repayment is to be fixed and maximum period of finance is 15 years (inclusive of moratorium).
Special Feature
Concessional Rate of Interest for Organic crops or cultivation of crops that are INDGAP or GAP certified & for the e-NAM registered traders/farmers.
Objective
A Producer Company (PC) is a legal entity formed by primary producers, viz. farmers, milk producers, fishermen, weavers, rural artisans, craftsmen. The objective of the Scheme is to extend credit support to Produce Companies for any / few or all the activities depending upon requirement of PC
- Purchase of inputs for supplying to farmers
- Custom Purchase / Hiring of Farm Machinery
- Purchase of High Tech Farm equipment
- Setting up of Processing Centre
- Common irrigation facility
- Setting up of Common Service Centre
- Warehouse Receipt
- Marketing activities
- On lending to its members for crop cultivation, purchase of tractor, pump sets, construction of wells & laying of pipelines etc.
- Any other productive activities based on submitted Investment Plan
Eligibility
- Only PO Registered under Companies Act 2013. In terms of Sec 465 of Companies Act 2013, the provisions of Part IX-A of Companies Act 1956 shall be applicable Mutatis Mutandies to a producer Company.
- PO must be supported by either SFAC or NABARD.
- PO must achieved minimum 30 months period after identification of product specific cluster and reached the take off stage as identified by SFAC/NABARD i.e. the stage of implementation of business plan of PO.
PCs applying for collateral free loan based on Credit Guarantee from SFAC under CGF SFAC Scheme shall comply with the eligibility criteria as specified in the CGF scheme document.
Sector
UCO FPC - Agriculture
UCO NFPC – MSME
Quantum of loan
- Minimum : Rs.5.00 lakh
- Maximum : Rs.100.00 lakh
Nature of facility
1. Fund Based : a) Working Capital including Cash Credit & Packing Credit
b) Term Loan
2. Non-Fund Based : LC & BG
Special Feature
Concessional Rate of Interest for Organic crops or cultivation of crops that are INDGAP or GAP certified & for the e-NAM registered traders/farmers.
Product Segment
Direct Agriculture
Type of Loan
Term loan
Purpose
- Transformation of Traditional subsistence agriculture into commercial position
- Assist farmers, to shift from traditional farming to mechanized farming for reducing the time and cost of tillage and other agricultural operations and also improving the quality of tillage so as to increase their crop productions through multiple cropping and profitability.
Eligibility
- Such beneficiary or group of beneficiaries to whom a joint loan or group loan is sanctioned shall be able to use the tractor for cultivation of his / their own farm not less than 8 acres of perennially irrigated land.
- Minimum land holding for loan eligibility for power tiller 4 acres of perennially irrigated land.
- It shall also be ensured that the tractor / power tiller will have a minimum of 1000/600 hrs. of productive work in agriculture per year on own farm or both on own farm and on account of customer service.
- Loan granted under this scheme for purchase of all agricultural machineries, implements, like tractor / power tiller and other accessories like tractor trailer and tractor implements such as mould board plough, disc harrow, cultivator, seed drill, paddy puddler, bull dozer, combine
Quantum of loan
85% on amount of the investment.
Margin
15% of amount of the investments.
Security
- Hypothecation of tractor and other implements and accessories proposed to be purchased(Hypothecation cum agreement form No.105(combined).
- Guarantee from one or two guarantors acceptable to the Bank.
- Simple / equitable mortgage of land to cover the value of loan limit.
- Insurance - Tractor purchased by the farmer should carry comprehensive insurance as per Motor Vehicle Act and policy should be got assigned in Bank’s favour.
- The rate of interest should be as per extant guidelines of the Bank changing from time to time
Repayment
The maximum repayment period within which loan for purchase of tractor and power tiller is to be repaid will be 9 and 7 years respectively.
For further details contact nearest Branch
Product Segment
Agriculture-Indirect
Purpose
Our Bank provides medium term loans for setting up of Cold storage units, warehouses godowns and silos. In addition, following type of short term loan facilities are also provided by our Bank with a view to promote storing capacity of Agricultural produce and better price realization by the farmers.
- Cash Credit limit of working capital to cold storage units for direct expenses like wages,salaries, electricity charges, fule and maintenance expenses.
Eligibility
- The Cold storage must be granted a license for running the storage units indicating its staring capacity by the Competent Authority in the State.
- Cold storage owner should obtain permission from Additional Director, Agricultural Marketing of the concerned State Govt. or other Competent Authorities for storing his own stock, and stock of the rentiers and traders for the current season.
Quantum of loan
- Quantum of loan should be fixed on objective assessment of working capital need.
Security
- Primary Security- Hypothecation of all types of plant and machinery installed and/or to be installed as also all type of furniture, fixture and
- Collateral Security - Equitable mortgage of Land and Building of Cold Storage and/or any other property (Land and Building owned by the Cold Storage owner(s).
- Guarantee - Third party guarantee/personal guarantee from the partner/directors of the unit should be obtained.
Minimum Margin
40% of the expenses projected on the unit and accepted (verified on the sanctioning authority on the basis of past trends).
Repayment/adjustment of the limit
The Cash Credit limit sanctioned to be adjusted fully along with interest and other charges within the storing period of the Stock of Agril. Produce.
Insurance
The building, plant and machinery, furniture/fixture equipment and other fixed assets as also stocks stored must be comprehensively insured with agreed Bank clause.
For further details contact nearest Branch
Kisan Credit Card (KCC) |
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1. |
Purpose |
To meet the short term credit requirements for cultivation of crops Post-harvest expenses. Produce marketing loan. Consumption requirement of farmer household. Working Capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery etc. |
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2. |
Facility |
Working capital Term loan |
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3. |
Target group |
All farmers-Individual/Joint borrowers who are owner cultivator. Tenant Farmers, Oral, Lessees and share croppers. SHGs or JLGs of farmers including tenant farmers, share croppers etc. |
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4. |
Quantum of loan |
Need based finance considering cropping pattern, acerage and scale of Finance(SOF) determined by DLTC (District Level Technical Committee) |
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5. |
Repayment Period |
5 years with 10% annual increase of limit every year, subject to annual review. Facility of renewal cum enhancement up to Limit 1.60 lac is available through Straight Through Process (STP) |
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6. |
Margin |
Nil |
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7. |
Security |
Primary: Hypothecation of crops Limit up to Rs. 1.6 lakh-Nil With Tie-up for Recovery: Limit up to 3 lakh-Nil Other Cases: LTV of 100% must be maintained throughout the tenure. |
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8. |
Interest Subvention |
1.5% up to Limit of Rs. 3 lacs |
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9. |
Prompt Repayment Incentive (PRI) |
3% up to Limit of Rs. 3 lacs. |
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9. |
Rate of Interest |
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Type of Facility
Term Loan for (7-10) Years(Direct Agriculture)
Scope of Finance
All Rural and Semi-Urban Branches
Objective
- To make the small and marginal holdings economically viable
- To bring fallow lands and waste lands under cultivation
- To step up agricultural production and productivity
- To finance the share croppers/tenant farmers to purchase land to enable them to increase their income
Eligibility
i) Small and marginal farmers i.e. those who own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme.
ii) Share croppers/ Tenant farmers .
Purpose
- The objective of the Scheme is to finance the farmers to purchase, develop and cultivate agricultural as well as fallow and waste lands.
- Branches may consider financing maximum amount of Rs. 10.00 lacs for purchase of land for establishing or diversifying into other allied activities. Complete details of the project proposal of the farmer should be obtained by the bank while considering finance for purchase of land
Quantum of Loan
Quantum of loan will depend upon –
- Valuation as assessed by the Branch.
- Bench Mark Rate fixed by the State.
- The registration value.
Out of the three above whichever is less.
Plus value of Stamp duty, registration charges for sale/ mortgage
(Maximum amount of Rs. 10 lacs. )
Margin
The margin will be minimum of 15 %.
Rate of Interest
Base Rate, Simple rate at half yearly rest.
Processing / Inspection Charges :
Up to Rs.3.00 lac - Nil
Above Rs. 3.00 lac as per extant guidelines
Type of Facility/Sector
Single transaction Term loan limit Loan repayable within 3 years (Priority Sector- Direct Agriculture)
Scope of Finance
All Rural and Semi-Urban Branches
Purpose
An instant credit for farming community to meet the emergency requirements for Agriculture and Domestic purposes for tiding over temporary financial difficulties.
Eligibility
Individual farmers / joint borrowers (not exceeding 4 farmers) who are existing Kisan Credit Card (KCC) holders having satisfactory track record of at least two years.
Quantum of Loan
Minimum and Maximum amount of finance under the scheme is increased to Rs.10000 & Rs.100000 respectively.
Rate of Interest
At Base Rate (without interest subvention)
Processing and other charges
Upto Rs. 25000.00 : Nil
Above Rs. 25000.00 : As applicable to agriculture term loan
Security:
- Existing security /ies obtained for KCC to be continued.
- No additional securities to be obtained even if the combined exposure (KCC plus proposed Kisan Tatkal Scheme) exceeds the present cut-off ceiling of Rs.1 lakh.
Repayment
- 3-5 years in half yearly / annual installments.
- The loan is to be cleared in full if a fresh / enhanced limit is sought during the subsequent year based on revised KCCS limit.
Type of Facility/ Sector
Term Loan/Over Draft Facility
Direct Agriculture under Priority Sector upto Rs.2.00 crore beyond Rs.2.00 crore under Indirect Agriculture.
Scope of Finance
All Branches
Purpose/Objective
To purchase estates growing traditional plantation crops viz. coffee, tea, rubber and cardamom, cashew, pepper, coconut and other perennial orchard crops.
Eligibility
- The Purchaser should have yielding estates and should be in a position to rejuvenate the Estate proposed to be purchased. The intending borrowers should have with satisfactory past dealings with the Bank.
- The intending buyer should qualify the respective State Government norms of being an agriculturist / satisfy the income criteria stipulated by the State Government.
- The estate should preferably be a neglected one. The estate should have potential for realizing higher yields. The estate should have the potential to absorb substantial credit for developmental activities.
- The total land holding including the land to be acquired should be within the land ceiling norms of respective State.
- The Purchaser should be experienced in the line, financially sound and should be in a position to bring in margin and service the debt.
Quantum of Loan
- Quantum of Loan shall be based on the lowest of (i) Market value (ii) Guidance value/Circle rate fixed by the State or (iii) purchase consideration, after retaining the necessary margin.
- The stamp duty and registration charges may also be considered.
- For the purpose of the valuation of land to be purchased, price indicated may be cross checked with the last five years average registration value available with the registrar/sub registrar of the area and a view is taken by the bank for fixing the quantum of finance.
- There will be no ceiling for the quantum of loan. However, the finance beyond Rs.2 crore be covered under Indirect Agriculture category.
Rate of Interest
- Upto Rs.25.00 lac - MCLR+1.15%
- More than Rs.25.00 lac and upto 1.00 Crore - MCLR+2.15%
Margin
- The margin shall be normally 50% on purchase consideration or value of the estate whichever is lower.
- However in deserving cases, the same may be relaxed up to 25%. The cost of registration/stamp duty may be considered in project cost.
Penal Interest
- No penal interest shall be charged for loans up to Rs.25,000/-
- In case of loans above Rs.25,000/ penal interest shall be charged 2.00% p. a. over and above the normal applicable rate of interest on the
Repayment Period
- The loan should normally be repayable within 7 to 9 years.
- In some specific cases, depending on the status of the Estate and rejuvenation period required, it may be extended up to 20 years.
Security
- Mortgage of property to be purchased. Hypothecation of Plantation crops raised on the land/Estate.
- Also, collateral security of mortgage of existing landed properties/ including preferably residential property is to be obtained.
- In any case, the value of the security should not be less than 200% of the loan amount
Type of Facility
Short Term Loan for maximum 12 months
Level of Implementation
All Branches
Scope , Objective & Eligibility
- Warehouses / cold storage units owned by Central and State Government entities.
- Approved warehouses/cold storage units owned/managed by National Bulk Handling Corporation Ltd. (NBHC) and National Collateral Management Services Limited (NCMSL).
- Cold storage / warehouse units financed by our Bank, whose accounts are running regular.
- Cold Storage / Warehouses built owned or managed by Central or State Government entities including National Bulk Handling Corporation Ltd. (NBHC) and National Collateral Management Services Limited (NCMSL).
Nature of Receipt
The warehouse receipt is in accordance and as prescribed under the provision of the Warehousing (Development and Regulation) Act, 2007
Quantum of Loan
75% of the value of the stock stored
Rate of Interest
As per quantum of Loan
Security
- Pledge of Warehouse receipts. The warehouse receipt is in accordance and as prescribed under the provisions of the Warehousing (Development and Regulation) Act 2007.
- In case of Firms and companies personal guarantee of Promoters/Directors to be obtained.
Insurance
Before release of fund, confirmation of Banks' interest marked on the Insurance policy to be obtained against the bank's pledge stock.
For Further details contact nearest branch.
Type of Loan/Category
Term Loan/Farm Credit under Priority Sector
Scope of Finance
Rural and Semi-Urban Branches
Objectives:
The objective of the scheme is to help farmers to extend grid power to remote areas especially to meet agriculture loads. The demand for electric energy is far outstripping supply, especially in the agriculture sector. It is also becoming increasingly difficult to meet the exponential growth in demand of Agriculture productivity which is closely associated to direct and indirect energy inputs. It is cost-prohibitive for the Government to extend grid power to remote areas especially to meet agriculture loads .
Purpose
Loan will be granted for installation of Solar Water pumping system. The proposed scheme will help in harnessing the solar energy for pumping water by water pumps
Eligibility:
- The farmers' land should have adequate source of water. In case any Public/Government source is being used, water right certificate from the concerned authority should be produced.
- In case of wells they should have sufficient recouping capacity to irrigate area proposed to be brought under irrigation.
- Farmer should have own an economic land holding with a minimum of 10 acres. However, loan can be considered even if the benefiting area is less than 10 acres provided the farmer is able to sell surplus water.
- Farmers are required to satisfy the bank officials regarding their repayment capacity of the loan . They should not be defaulters to any bank.
Quantum of Loan :
Maximum 75% of the cost of the pumpset including accessories.
Rate of Interest:
MCLR+1.15%.
Margin
It may provide finance taking a margin of 25% of the total cost to be paid by beneficiary. If subsidy is available, the same can be considered as Margin and the Branches should not insist the borrower for margin separately.
Capital Subsidy:
40% capital subsidy will be available under Jawaharlal Nehru National Solar Mission (JNNSM) for installation of solar Pumpsets for those farmers who have not installed any pump set.
Security:
- Hypothecation of assets created out of Bank finance.
- Hypothecation of standing crops.
- Third party guarantee.
Agriculture Credit
Financial Inclusion
Deposit
RRBs
SLBC
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