AGRICULTURAL TERM LOANS:
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Facilities can be allowed to farmers for raising horticultural crops, land development, minor irrigation, farm mechanisation, cattle sheds, Rural Godowns, Two Wheelers, purchase of Agricultural land, Agri Clinics & Agri Business Centres etc.,
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The unit cost, repayment schedule etc., prescribed by NABARD from time to time shall be followed.
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Land based loans shall be allowed only against own lands.
FARM MECHANISATION:
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PURPOSE: For purchase of Tractors with at least three implements, Power Tillers, Paddy Harvesters and other Farm Equipment by the farmers in East Godavari, Guntur and West Godavari districts.
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MARGIN: Applicant(s) should contribute at least 15% of the total cost as margin.
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REPAYMENT: Up to 9 years.
FINANCE TO AGRI-CLINICS & AGRI-BUSINESS CENTRES:
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Loans for setting up of agri-clinics / agri-business centers by Agriculture Graduates upto a unit cost of Rs.10.00 Lakhs for individuals and Rs.50.00 Lakhs for a group of individuals (normally 5 members) will be loowed.
LOANS FOR PURCHASE OF AGRICULTURAL LAND:
ELIGIBILITY:
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Small and Marginal farmers i.e., those who would own maximum of 5.00 acres of non-irrigated land or 2.50 Acres of irrigated land including the land proposed to be purchased under the scheme.
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Share croppers / Tenant farmers
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The farmers covered under (i) & (ii) above, who are already avail credit facility from our bank and are having satisfactory dealings with us for the last three years are eligible to avail the loans under this scheme.
MARGIN: The margin will be minimum of 25% of the Registered value
including registration charges.
REPAYMENT PERIOD: Loan may be repaid in 7 – 10 years in half yearly / yearly instalments including a maximum moratorium period of 24 months.
LOANS FOR RURAL GODOWNS:
ELIGIBILITY:
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Individuals, farmers, group of farmers/Growers, Partnership/Proprietary firms, Non- Government Organizations (NGO’s), Self Help Groups (SHG’s), Companies, Corporations, Co-operatives, Agro-Processing Cooperative Societies, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations in the entire country can avail these loans.
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Assistance for renovation/expansion of rural godowns will however be restricted to the godowns constructed by co-operatives only.
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Location: The entrepreneur will be free to construct godown at any place and any size as per his commercial judgement except for the restrictions that it would be outside the limits of Municipal Corporation area and be of a minimum capacity of 50 MT.
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Time limit for completion of the project is 15 months from the date of disbursement of first installment.
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Loan is to be repaid in 5 years including a grace period of one year.
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Margin: Applicant’s Margin should be at least 25%.
FOR PURCHASE OF TWO WHEELERS:
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ELIGIBILITY: Applicant should be a farmer having agricultural land with sufficient surplus income and having a valid Driving License.
AGE LIMIT: Between 18 years and 55 Years.
MARGIN: Minimum 25% of the unit cost
SECURITY: The Vehicle should be Hypothecated in favour of the Bank, by incorporating the clause in 'C' Book. Collateral security @150% of total loans, if exceeds Rs.50,000/-.
AGRICULTURAL ALLIED ACTIVITIES:
Loans will be allowed for the following purposes:
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DAIRY
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POULTRY
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SHEEP REARING
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SERICULTURE
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VERMICULTURE
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Other allied activities.