Objective

1. Financing New Agro & Food Processing units.
2. Financing for expansion/modernization/renovation/improvement of existing Agro & Food Processing units.

Type of Facilities

• Term Loan
• Working Capital

Eligibility Criteria for Borrower

• Indivduals, Proprietor/Partnership concerns, Corporate companies etc.,
• Co-operatives, Federation of Co-operatives, Self Help Groups (SHGs), Farmer Producer Organizations. Entities promoted by the State Governments.

Sector

Priority Sector- Ancillary

Special Feature

Up to Rs.2 Crores Collateral Free on availability of CGTMSE Coverage

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:

1. Existing KCC holder with 2 years of satisfactory operation with our bank.
2. 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

1. Term Loan
2. LC & BG
3. Pre-shipment credit & Post-shipment Credit

Objective

• 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

Construction of Cold Storage or Purchase of Refrigerated Vehicles , etc.

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

1. Construction/Expansion/Modernization of Cold Storage for Agriculture and Allied products.
2. 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

1. Pomology – Mainly dealing with fruit crops e.g. Mango, Apple, Banana, etc.
2. Olericulture – Dealing with vegetable crops e.g. Potato to Peas and Beans etc.
3. Floriculture – Dealing with flowers and other ornamental plants e.g. Rose, Marigold, Gold Mohar, Plams etc.
4. 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
5. Medicinal Plants – Dealing with plants yielding alkaloids and other medicinal constituents e.g. Beladona, Cinchona, etc.
6. 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.
7. 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.

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.

Product Segment

Agriculture-Indirect

Type of Loan

Term Loan

Objective

To create scientific storage capacity with all allied facilities in rural areas to provide infrastructure for storage of the produce

Eligible Organization

Individuals, farmers, group of farmers/partnership/proprietary farms, NGOs, SHGs, Companies, Corporations, Co-operatives, Local Bodies other than Municipal Corporations, Federations, Agricultural Produce Marketing Communities, Marketing Boards and Agro Processing Corporations

Location

In any place in the rural areas outside the limits of Municipal Corporations

Capacity/Size

Minimum capacity 100 tones and maximum capacity 10,000 tonnes. In special cases rural godowns upto 50 tonnes capacity and in hilly areas i.e. above 1000 meters above MSL, godowns having capacity of 25 tones are also eligible..

Conditions for scientific storage

Godowns built under the scheme should be structurally sound on account of engineering consideration as per Central Public works deptt./State Public Works Departments specification. Should be well ventilated, water proof, protected from rodents, birds and have provision for fumigation. There should be easy approach roads, Control against fire, theft etc.

Quantum of loan

As per requirement

Subsidy

Subsidy shall be released through NABARD approved plan.

Type of Facility

Cash Credit (Direct Agriculture)

Scope of Finance

All Rural and Semi-Urban Branches and in some selected Urban Branches where villages are allocated under Annual Credit Plan(ACP)

Purpose/Objective

• 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.
• Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.

Eligibility

• All Farmers- Individuals/Joint borrowers who are owner cultivators
• Tenant Farmers, Oral lessees & Share Croppers
• SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.

Salient Features of the Revised KCC Scheme

• Assessment of crop loan component based on the scale of finance for the crop(as decided by DLTC) plus insurance premium X Extent of area cultivated + 10% of the limit towards post-harvest / household / consumption requirements + 20% of limit towards maintenance expenses of farm assets.
•  Assessment of limit for second & subsequent year :- first year limit for crop cultivation purpose arrived at as above plus 10% of the limit towards cost escalation/increase in scale of finance for every successive year (2nd, 3rd, 4th & 5th year ) and estimated Term loan component for the tenure of Kisan Credit Card, i.e., five years.
• Flexi KCC with simple assessment prescribed for marginal farmers.
• Validity of KCC for 5 years.
• For crop loans, no separate margin need to be insisted as the margin is in-built in scale of finance.
• No withdrawal in the account to remain outstanding for more than 12 months; no need to bring the debit balance in the account to zero at any point of time.
• Interest subvention / incentive for prompt repayment to be available as per the Government of India and / or State Government norms.
• No processing fee upto a limit of Rs. 3.00lakh.
• One time documentation at the time of first availment and thereafter simple declaration (about crops raised/proposed) by farmer.
• Disbursement through various channels, including ICT driven channels like ATM/PoS/Mobile handsets.

Interest Rates

• Upto Rs 3 lacs interest in borrower account is 7% for rest 2% Debit Govt. receivables and Credit interest &  discount on loan.

Interest Subvention

• Upto Rs 3 lacs interest subvention upto 2% , prompt repayment further 3% is available.
• If the customer does not repay within the due date or maximum within one year the interest should be charged from due date at the  normal  rate i.e. Base Rate+1%   

Security

Hypothecation of crops up to card limit of Rs. 1.00 lakh as per the extant RBI guidelines.

• With tie-up for recovery: Branch  may consider sanctioning loans on hypothecation of crops upto card limit of Rs.3.00 lakh without insisting on collateral security.
• Collateral security may be obtained at the discretion of Branch  for loan limits above Rs.1.00 lakh in case of non tie-up and above Rs.3.00 lakh in case of tie-up advances.

RUPAY KISAN CARD : OBJECTIVE & FEATURES

• Existing operative accounts as well as all new KCC holder be issued with RUPAY enabled KCC Cards
• Empowering the farmers to withdraw their drawing limit for the current season through ATM at different times in the same cropping season instead of withdrawals at one go.
• Reducing the transaction cost of the branches in securing the customers.
• To enable farmers to make cash less transactions.
• Rupay Kisan Card can be accepted at ATMs of Our Bank, ATMs of other Banks and PoS.
• Rupay Kisan card supports following transaction types
  • Purchase with cash back
  • Cash at PoS
  • ATM Cash Withdrawal
  • ATM PIN Change/Balance inquiry/Mini Statement.
• Rupay Kisan Card can be linked for EBTs & Govt. subsidy.