Kishan Credit Card
- KCC Loan is granted to the farmers on the basis of scale of finance for different crops to be cultivated on the proposed land.
- Fixation of credit limit shall be the maximum amount required for two consecutive crops (Kharif + Rabi or Kharif + Summer or Rabi + Summer crops).
- Withdrawal of amount from the credit limit shall be restricted to sub limit fixed for each season.
- KCC is issued for 3 years with provision of annual basis review for enhancement / reduction.
- Each sub limit should not outstand for more than 12 months.
Agriclinic and Agro Business
- A scheme for agriculture graduates for setting up Agriclinics and Agro Business Centres as well as to supplement the existing network to promote the technology.
- Through these outless farmers are provided expert opinion to resolve their problems related to crops, agriculture equipments, cattle, soil testing facility etc.
- Margin money - 20% of the project cost, maximum - 50%.
- Repayment of loan - 5 to 10 years.
Tractor Loan
- Minimum land requirement is six acres irrigated land.
- Average use for cultivation purpose should be 1000/600 hours per year.
- 50% of income generated through this agro mechanisation should be adequate enough to meet Bank's instalment and interest.
- Margin money - not less than 25% of the project cost.
- Repayment period - 9 years.
- Tractor of ISI mark only be provided.
- Registration of Tractor to be made in the joint name of Banker and the Borrower with hypothecation in favour of the Bank.
Cold Storage
- A capital investment subsidy scheme for construction/ expansion/ modernization of cold storage and storage of horticulture produce.
- Eligibility - Partnership or proprietory firms, co-operatives, companies, agricultural produce marketing committee.
- Project Cost - To be arrived on the basis of actuals/ estimates subject to financial viability.
- Subsidy - 25% of unit cost subject to maximum Rs. 50,00,000.00 depending upon the capacity of the storage.
- Margin - 25% of term loan.
- Repayment - 9 years including a grace period not exceeding 2 years.
- Rate of interest - upto Rs. 2,00,000.00 - 12%. Above Rs. two lacs 1% + PLR of SBI or 4% above NABARD refinance rate which ever is higher.
Allied Agricultural Term Loan
- There is provision for bank loan for Mini Dairy, Poultry, Piggery, Fisheries, Goat Rearing, Sericulture, Biogas Plant etc. under Allied Agricultural Loan Scheme.
Mini Dairy Scheme
- To meet increasing demand of milk as well as to generate employment opportunity, this scheme has been launched for agriculture based beneficiaries having availability of green fodders and concentrates.
- Supporting infrastructure facility of marketing, veterinary aid, artificial insemination etc are the requisites of the scheme.
- Minimum five units of cross breed cows with milk yield of 10-11 liters per day is provided.
- Margin Money; SF/MF - 5%, for others 15-25% of the project cost.
- Repayment period - 60 monthly instalment.
Rural Godown
- For construction of Rural Godown.
- For Agricultural graduate, Farmers, Individual and Groups.
- Loan upto 2500 / Mt upto 1000 MT and above Rs. 1875 / MT.
- Margin - 25%.
- Nature of Loan - Term Loan
- Repayment period - 7 years.
- 50% Subsidy on Principal Loan Amount.
Transport Operator
- Any individual/ group of persons/ firm for purchase of one or more vehicles including passengers/ goods carrying vehicle of standard make may avail this loan.
- Applicant should preferably posses driving licence/ route permit or assurance letter of road permit.
- Margin - Above 25,000.00 - 25% of the cost of the vehicle.
- Registration - Vehicle to be registered with R.T.O. with name of the Bank as financer under hypothecation clause.
- Repayment - 60 monthly instalments.
Educational Loan
- Any permanent resident of area of operation of the branch with age group of 16 to 40 years for securing admission to professional/ technical course through entrance test/ selection process may avail this loan.
- Eligible courses - School education including +2 stage, Graduation, Post Graduation, Professional Course, Other courses leading to Diploma/ Degree etc.
- Expenses to be considered are school/ college fee, examination fee, purchase of books, purchase of equipments, caution money deposit etc. and any other expense required to complete the course.
- Quantum of Loan - upto Rs. 7.5 lacs.
- Margin - Upto Rs. 4 lacs - Nil. Above Rs. 4 lacs - 5%.
- Moratorium - Course period + one year or six month after getting the job, which ever is earlier.
Housing Loan
(A) Rural Housing Loan
- Credit cum Subsidy scheme for rural people with credit component of Rs. 40,000.00 and subsidy element being Rs. 10,000.00.
- Annual income of the beneficiary should be Rs. 32,000.00 per annum.
- Identification of the beneficiary to be made by Govt. agency.
- Repayment period - 10 to 15 years, loan to be recovered before attainment of 60 years age of the beneficiary.
(B) Apna Ghar
- For Construction of house, purchase of house, renovation, addition/ alteration of existing house.
- For non salaried person - Loan amount shall be three times of net annual income.
- For renovation /expansion/ alteration loan upto Rs. 50,000.00 may be granted.
- For business market complex loan to be considered on the viability of the project to meet the bank loan and interest.
- Margin - 20% for residential and 25% for commercial purpose.
- Repayment Period - For residential - 10 to 15 years, For Commercial - 7 years.
(C) Grih Laxmi
- For Construction of house, purchase of house, renovation, addition/ alteration of existing house (for permanent employee).
- Maximum loan amount shall be 36 times of net monthly income of the applicant for salaried person.
- For renovation /expansion/ alteration loan upto Rs. 50,000.00 may be granted.
- For business market complex loan to be considered on the viability of the project to meet the bank loan and interest.
- Margin - 20% for residential purpose.
- Repayment Period - 10 to 15 years.
Cash Credit Loan
- Working capital loan to Sole Proprietorship/ Partnership / Company dealing in trade/ Industry.
- Maximum Permissible Bank Finance to be ascertained on the basis of current year, estimated and projected Profit & Loss and Balance Sheet of the Firm.
- Disbursement to be made on the basis of drawing limit derived from the value of stock excluding margin.
- Margin - 50% of the value of stock or as decided by the sanctioning authority.
SCC
- Swarojgar Credit Card is a composite loan for working capital and term loan for small borrowers of non farm and service sector.
- Any individual swarojgari of SHGs can avail this loan.
- No Provision of subsidy.
- Margin - 25%.
- Limit to be reviewed annually for revision.
PCL
- Personal Consumer Loan is a scheme for consumer durables to salaried as well as non salaried person.
- For salaried person length of service should be minimum two years and left over service should be equal to the proposed number of installments.
- For non salaried person regular and known source of income with necessary evidence acceptable to the bank is required.
- For purchase of four wheelers, applicant should be income tax assessee
- Quantum of loan - 5 times of monthly salary/ income or Rs. 60,000.00 which ever is less.
- For four wheelers, ten times of gross income.
- Margin - 15% for two wheelers and consumer durables and 25% for four wheelers.
- Repayment - 48 installments for two wheelers and consumer durable, 60 installments for four wheelers.
Loan Against Govt. Securities
- Loan granted against NSC, KVP, LIC Policies etc come under the head.
- Margin - For NSC, KVP - 30% of face value. For LIC Policy - 25% of surrender value.
- Repayment - 60 monthly installments or maturity of the instrument which ever is earlier.
- Overdraft limit is sanctioned for one year.
Retail Trade
- For trading in food and other consumer items.
- Loan can be availed by any individual who is engaged in trading activity.
- Quantum of Loan depends upon annual sales projection.
- Repayment period of loan is 5 years.
Gramin Saur Urja Jyoti Loan
- For Solar Lighting System in rural and semi urban areas.
- Loan can be availed by all existing borrowers of the bank.
- Quantum of Loan is up to 50,000.00.
- 20% margin by the borrower is required.
- Repayment period of loan is 5 years.
