FUNDING SCHEMES

Canara Bank

Kisan Credit Card

Canara Bank is the pioneer in implementing Kisan Credit Card Scheme.

Purpose: For meeting the cultivation needs of farmers.

Eligibility :

Individual Farmers / Joint Borrowers / Partnership Firms / Private & Public Ltd. Companies who are owner cultivators / engaged in allied activities.

What will be Your Share (Margin) :

For limits Upto Rs. 25,000 Nil
For limits Above Rs. 25,000 15-25% or as per Scale of Finance.

Security:

For limits upto Rs. 25,000 : Hypothecation of crops and/or Movable assets. For limits above Rs. 25,000 : 1. Hypothecation of crops and/or Movable assets 2. Mortgage of Landed Property.

Reypayment :

No drawal in the account should remain outstanding for more than 12 months.

Note :

Conditions Apply. The information provided above are only illustrative and not exhaustive.
For more details, please contact your nearest Canara Bank Branch or mail to
hocw@canarabank.co.in
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For Strengthening Transfer of Technology and Extension Services in field of Agriculture

Purpose : Loan for setting up Agriclinics / Agribusiness Centres.

For providing expert services and advice to farmers on Cropping practices, Technology dissemination, Crop protection from pests & diseases, Market trends and prices of various crops in the market, Clinical services for animal health.

Eligibility :

Graduates in Agriculture/ Horticulture/ Animal Husbandry/Forestry/ Dairy/ Veterinary / Poultry farming / Pisciculture - Individuals / Joint firms / Partnership firms / Limited Companies.

Project Cost:

For Individuals : Rs 10 Lac.

For groups / Partnership Firms : Rs. 50 Lac.

What will be Your Share (Margin) : 15-25% of the Project Cost.

Security:

  • Upto Rs. 25,000 :Hypothecation of assets created out of loan.
  • Rs. 25,001- Rs. 2 Lac :Hypothecation of assets created out of loan, Co-obligation/
    Guarantee or Mortgage of landed property.
  • Above Rs. 2 Lac :1. Hypothecation of assets created out of loan, 2. Mortgage of landed property, Co-obligation/Guarantee.

Reypayment : Within 5 - 10 years.
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Minor Irrigation Loans

Purpose:

For purchase of electrical motors, oil engines, submersible irrigation pumpsets, generator sets for energisation of agricultural pumpsets, installation of drip/sprinkler irrigation systems, fertilizer mixers.

Eligibility : Owner cultivators of the land

Project Cost:

  • Upto Rs.25,000 : Nil
  • Above Rs.25,000 : 15-25%

Security:

  • Upto Rs. 25,000 : Hypothecation of drip/sprinkler irrigation equipments
  • Above Rs. 25,000 : Hypothecation of drip/sprinkler irrigation and Mortgage of Landed Property.

Repayment : Within 10 -15 years.
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Farm Machinery Loans

For Strengthening Transfer of Technology and Extension Services in field of Agriculture

Purpose:

For purchases of tractor, power tiller, trailer, combine harvestor, grain threshers, sprayers, dusters, ploughs, drills, Mechanical weeders or any other modern agricultural machinery.

Eligibility : Farmers/Unemployed entrepreneurs who satisfy certain norms.

What will be Your Share (Margin):

  • Upto Rs.25,000 : Nil
  • Above Rs.25,000 : 15-25%

Security:

  • Upto Rs. 25,000 : Hypothecation of machinery/equipment.
  • Above Rs. 25,000 : Hypothecation of machinery/equipment / Mortgage of landed property / Guarantee.

Reypayment : Within 5 - 9 years.
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Farm Development Loans

Purpose:

For digging / deepening of wells, construction of tanks, ponds, drilling of bore wells, soil and water conservation, watershed development, bunding, land reclamation, leveling of land, terracing, conversion of dry land into wet, irrigable lands, fencing, construction of farm houses and other allied activities.

Eligibility : Owners of land.

What will be Your Share (Margin):

  • Upto Rs.25,000/- : Nil
  • Above Rs.25,000/- : 15-25%

Security:

  • Upto Rs. 15,000 : Nil
  • Above Rs.15,000/- : Mortgage of landed property.

Reypayment : Within 9 - 15 years.
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Vehicle Loan for Agriculturists

Purpose:

For purchase of brand new two wheelers / three wheeler carriages, jeeps, cars, vans, lorries, trucks etc., for supervising agricultural operation / management of farm / estate and for transportation of agricultural produce / inputs, labour etc.

Eligibility :

Agriculturist cultivating in his own land or engaged in allied activities such as Dairy, Poultry, Sericulture, Fish farming etc.

What will be Your Share (Margin) : 15 - 25% of the cost of the vehicle.

Security :

  • Upto Rs. 25,000 : Hypothecation of the vehicle.
  • Above Rs. 25,001 : Hypothecation of vehicle, Co-bligation of third party or Mortgage of landed property.

Repayment :Within 3 - 5 years.
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Loan for Plantation Crops

Purpose:

For establishment of estates, clearing of jungle, conversion of barren land into cultivable land, purchase of planting material, rejuvenation/replanting.

Eligibility :

Owners of land who have experience / knowledge in the
proposed activity.

What will be Your Share (Margin) :

  • Upto Rs.25,000 : Nil
  • Above Rs.25,000 : 15-25%

Security:

  • Upto Rs. 15,000 : Nil
  • Above Rs.15,000 : Mortgage of landed property.

Reypayment : Within 3 - 5 years.
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Loan for Marine Fisheries

Purpose :

For purchase/construction of mechanised fishing vessels, mechanisation of country boats, catamarans, nets and other fishing equipments.

Eligibility : Professional fishermen.

What will be Your Share (Margin) :

  • Upto Rs.25,000 : Nil
  • Above Rs.25,000 : 15-25%

Security:

  • Upto Rs. 25,000 : Hypothecation of fishing boat / equipment
  • Above Rs.25,000 : Hypothecation of fishing boat / equipment and Co-obligation of third party / mortgage of landed property.

Reypayment : Within 4-12 years
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Loan for Inland Fisheries

Purpose:

For construction / deepening / widening / desilting of ponds, purchase of fingerlings, equipments, manures, feeds and labour inputs.

Eligibility : Well experienced fish farmers with suitable land.

What will be Your Share (Margin):

  • Upto Rs.25,000 : Nil
  • Above Rs.25,000 : 15-25%

Security:

  • Upto Rs. 25,000 : Hypothecation of moveable assets
  • Above Rs.25,000/- : Hypothecation of assets and mortgage of landed property

Reypayment : Within 1 to 10 years, depending on the purpose.
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Loan for Sericulture

Purpose:

For cultivation of mulberry, rearing of silk worms, construction of rearing house, purchase of equipments, purchase of wire mesh.

Eligibility :

For those who have licence / permission from Sericulture Department for rearing silkworms in the area, wherever required.

What will be Your Share (Margin) :

  • Upto Rs.25,000/- : Nil
  • Above Rs.25,000/- : 15-25%

Security:

  • Upto Rs. 25,000 : Hypothecation of crops, equipments
  • Above Rs.25,000 : Hypothecation of crops, equipments & Mortgage of landed property.

Reypayment : Within 3-7 years .
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Loan for Purchasing Aricultural Land

Purpose : To purchase, develop and cultivate agriculture as well as fallow and waste lands.

Eligibility :

Small & Marginal farmers / Share Croppers / Tenant farmers satisfying certain norms related to total land holding.

What will be Your Share (Margin) :Minimum 20%

Security:

  • Lands presently owned and lands to be purchased.
  • Crops grown from time to time on land.

Reypayment : Within 7-10 years.
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Loan for Poultry

Purpose :

For establishing / improving layer / broiler farms and hatcheries including purchase of chicks, feeds, medicines, equipments, feed mixing plants, construction of poultry sheds.

Eligibility : Persons having experience/knowledge in poultry.

What will be Your Share (Margin) :Minimum 20%

Security :

  • Upto Rs. 25,000 : Hypothecation of poultry birds, equipments, feeds etc.
  • Above Rs.25,000 : Hypothecation of poultry birds, equipments, feeds etc & . mortgage of landedproperty

Reypayment : Within 3 months to 9 years depending on the purpose of loan.

Export Credit
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Pre-shipment credit for working capital purposes in respect of export related activities of all agro products

Purpose :

For purchase/processing/manufacturing/packing of agro products for exports including purchase of fertilizers, pesticides, other inputs, post harvest expenses for making shipment.

Eligibility :

Export Oriented Units (EOUs) having expertise/technical know-how and having Firm Orders/Contracts/LCs.

Reypayment : Within 180 days.

Other Agricultural Loans

  • Dairy Loans
  • Piggery Loans
  • Farm Forestry Loans
  • Bio-Gas Plant Loans
  • Estate Purchase Loans
  • Agricultural Crop Loans
  • Agricultural Gold Loans
  • Farmer's Benefit Scheme
  • Sheep & Goat Rearing Loans
  • Farmers Green Card Scheme
  • Bee Keeping (Apiculture) Loans
  • Loans for setting up Farm Houses
  • Loans for setting up Market yards
  • Loans for setting up Rural Godowns
  • Loans for setting up Cold Storage Units
  • Loans for Bio-Technology Development *
  • Loans for Contract Farming for Corporates/Others *

*Other terms and conditions as applicable to General Export Credit will apply.
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