Agricultural Loans

Kisan Credit Card

The scheme aims at adequate and timely financial support to the farmers for meeting the short term needs in crop production including allied activities, in a flexible and cost effective manner.

Purpose :

  • to raise short duration crops.
  • To meet annual maintenance of long duration crops/ plantation crops/ Post harvest expenses
  • to meet the short term needs of existing allied activities like purchase of feed, fodder, Veterinary care etc.
  • to meet short term maintenance cost of farm machineries/ equipments owned by the farmer.
  • to meet annual maintenance and repair cost of fencing, soil and water conservation and irrigation structures.

Eligibility :

  • The farmer should be an owner cultivator/ Lease land cultivator.
  • The beneficiaries under the scheme will be issued with a Credit-cum passbook which will serve as an identity card.
  • to meet the short term needs of existing allied activities like purchase of feed, fodder, Veterinary care etc.
  • Kisan credt card will be valid for a period of five years.

Term Loan for Agriculture

Term loan for all kinds of investment in agriculture and activities allied to agriculture. They include

  • Plantation & Horticulture.
  • Plantation of Rubber, Coconut, Arecanut, Cashew, Tea, Coffee.
  • Cultivation of betelvine, pepper, Vanilla, Anthurium, Orchid, Jasmine, Medicinal plants.
  • Sericulture, Pisciculture, Ornamental fish.
  • Minor Irrigation such as digging of well/Tank, Installation of pumpset.
  • Sprinkler Irrigation.
  • Farm Mechanisation, including purchase of tractor and power tiller.
  • Purchase of Rubber Roller, Smoke House, Rubber Sheet Drier.
  • Dairy farming, Poultry (broiler and layer), Bee keeping, Quail farming.

Rubber Plantation Development

The main components of the project are

  • Replanting of old and uneconomic rubber in traditional area.
  • New planting in non-traditional areas.
  • Establishment of expanded and improved processing facilities.
  • Productivity enhancement in traditional areas through adoption of improved agro- management.

Rural Marketing Outlet

The scheme aims at widening the existing marketing facilities for rural non-farm products.

Eligibility :

Registered institutions, Association of Producers, Individuals etc.

Investment :

Cost of construction of a new marketing outlet or cost of renovation/expansion of existing outlet and equipping it with the require_onced facilities like sales counters, storage shelves,furniture etc.

Amount of loan :

  • Upto a maximum of 25 lacs.
  • Margin 25% of the project outlay

Repayment :

3 to 10 years including initial moratorium period of 12 to 18 months, depending on cash flow projections.

Setting up of Agri Clinic and Agri-Business Centres

Centres By Agricultural Graduates

Objectives of the Scheme :

  • To supplement efforts of Govt extention system.
  • To make available supplementary source of inputs supply and services to needy farmers.
  • To provide gainful employment to agricultural graduates in new emerging areas in agricultural sector.

Concept / Definition of Agri clinics :

Agriclinics are envisaged to provide expert services and advice to farmers on cropping practices, technology dissemination, crop protection, pests and diseases, market trends and prices of various crops in the market and also clinical services for animal health etc. which would enhance productivity of crops/animals.

Agri business centres

Agri business centres are envisaged to provide input supply, farm equipments on hire and other services.

Eligibility :

The scheme is open to Agricultural graduates/graduates in subject allied to agriculture like Horticulture, Animal Husbandry ,Forestry, Dairy, Veterinary, Poultry Farming, Pisciculture, and other allied activities.

Purchase of land for Agricultural purpose

Objectives :

  • 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.

Eligibility :

Small and Marginal farmers i.e. those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme. The objective of the Scheme is to finance the farmers to purchase, develop and cultivate agricultural as well as fallow and waste land. Complete details of the project proposal of the farmer are require_onced for considering finance for purchase of land.

Margin :

The Margin will be minimum of 20% on the project cost.

Security :

The land purchased out of the bank finance and mortgaged in favour of the bank will form the security for the loan from borrowers. Legal clearance of the title deed as per procedure in force require_onced.

In addition, collateral security of land property with value equal to the loan amount

or

National savings certificate/ LIC policy with surrender value equal to loan amount.

Payment Period :

Loan shall be repaid in 7-10 years in half yearly/yearly instalments including a maximum moratorium period of 24 months. The moratorium period is fixed taking into account the gestation period of the project and cash flow.

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