AGRICULTURAL GOLD LOANS:

• ELIGIBILITY:To agriculturists for raising Crops, agricultural related development activities and seasonal agricultural operations in EAST GODAVARI, GUNTUR and WEST GODAVARI Districts.
• FINENESS OF GOLD: Only Gold Ornaments (not Biscuits or Bars) with not less than 19 Carats quality will be accepted to pledge for these loans.
• REPAYMENT: As applicable to the crop / activity subject to a maximum period of ONE YEAR.
• ADVANCE RATE PER GRAM: Rs.1,950/- per Gram (net weight) or 75% of market value, whichever is lower w.e.f 14.06.2017

KISAN CREDIT CARDS (KICC):

• OBJECTIVE: To provide Crop Loans and other Agricultural Loans to the farmers with simplified and hassle free terms.
• FOR WHOM? : Agriculturists for raising Crops, agricultural related development activities and seasonal agricultural operations in EAST GODAVARI, GUNTUR and WEST GODAVARI Districts.
• TENURE: Tenure of the Card is FIVE years with yearly revival.
• LOAN AMOUNT: As per the scales of finance fixed by District Technical Committee / Bank from time to time.
• INTEREST ON CREDIT BALANCES: As applicable to Savings Bank Deposits.
• CROP INSURANCE: All Crops notified by Agricultural Insurance Corporation of India will be covered under Comprehensive Crop Insurance Scheme.
• PERSONAL INSURANCE: Eligible Card holders will be covered under Personal Accidental Insurance scheme for an amount of Rs.50,000/-.
• Working Capital Loans to Fish Tanks will also be considered under these Cards.
• CROP LOANS under Tie-up Agreement with sugar factory or Tobacco Board, will be financed without Collateral Security up to a maximum limit of Rs.1,00,000/- and Rs.1,50,000/- respectively.

RYTHU MITHRA GROUPS (RMG):

ELIGIBILITY: Homogeneous Group of Small and Marginal Farmers, Lessee/Tenant farmers and Share Croppers with cultivation of land not exceeding 5 acres of dry land or 2.5. acres of irrigated land can avail agricultural loans for raising Crops, agricultural related development activities and seasonal agricultural operations in EAST GODAVARI, GUNTUR and WEST GODAVARI Districts.

• LOAN AMOUNT: As per the scales of finance fixed by District Technical Committee / Bank from time to time.
• CROP INSURANCE: All Crops notified by Agricultural Insurance Corporation of India will be covered under Comprehensive Crop Insurance Scheme.
• PERSONAL INSURANCE: Members of the Group will be covered under Personal Accidental Insurance scheme for an amount of Rs.50,000/-.

JOINT LIABILITY GROUPS:

OBJECTIVES:

• To augment flow of credit to tenant farmers cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs.
• To extend collateral free loans to target clients through JLG mechanism.
• To build mutual trust and confidence between banks and tenant farmers.

ELIGIBILITY:

• FOUR to TEN Members should be of similar socio economic status and background, carrying out farming activities and who agree to function as a joint liability group.
• The groups must be organized by the likeminded farmers and not imposed by the bank or others.
• The members should be residing in the same village / area and should know and trust each other well enough to take up joint liability for group / individual loans.
• The members should be engaged in agricultural activity for a continuous period of not less than 1 year within the area of operations of the bank branch.
• The group members should not be a defaulter to any other formal financial institution.
• JLG should not be formed with members of the same family and more than one person from the same family should not be included in the JLG.
• Can avail agricultural loans subject to a maximum of Rs.50,000/- per member(individual mode), or Rs 5,00,000/- (group mode) for raising Crops, agricultural related development activities and seasonal agricultural operations in EAST GODAVARI, GUNTUR and WEST GODAVARI Districts.

PRODUCE LOANS:

• Produce loans can be allowed against pledge of farm products in order to avoid distress sale by the farmers.
• These loans can be availed by Farmers having proof of land holding and basing on average yield of the crop.
• Farmer can keep his produce in his farmhouse or a room attached to his house of First class or 2nd class construction. Produce loans against Central/State warehousing receipts and Market Yard receipts also permitted.
• The period of loan shall for ONE YEAR.

LOAN ELIGIBILITY CARDS - SAGU RYTHU RAKSHANA HASTAM

• The Schemee is introduced for Tenent farmers, Share Croppers and Oral lessees.