OBC

• Kisan Credit Card - Oriental Green Card (OGC) Scheme for Crop production.
  
• Composite Credit Scheme for Agricultural Lending.
  
• Scheme for financing Farmers for setting up of Cold Storages/Godowns.
• Advance against Warehouse Receipts to Food Grain Dealers/Commission Agents/Millers
  
• Scheme for Purchase of Agricultural Land.
  
• Scheme for providing finance for Two /Three wheelers.
  
• Scheme for provoding finance to set up AgriClinic & AgriBusiness Centers.
  
• Scheme for Financing Commission Agents.
  
• Scheme For Financing Farmers For Purchase Of Trucks And Other Transport Vehicles
• Scheme for purchase of Tractor
  
• Scheme for purchase of Second Hand Tractor
• Scheme for financing working capital requirement of Cold Storage
  
• Scheme for Financing Timber Merchants and Saw Mills

Kisan Credit Card - Oriental Green Card (OGC)

Purpose:

Crop production needs/ Working Capital needs for other Farm and Non-Farm activities(allied activities), for repair of Machinery, Consumption needs etc.

Eligibility: Farmers/ Cultivators/ Artisans engaged in Farm and Non-Farm activities.

Amount of Loan:

• Need Based. There is no ceiling.
  
• For Non-farm activity Maximum Rs.25000/- .
  

Security:

• Upto Rs. 25,000/- : Hypothecation of crops/goods .
  
• Above Rs. 25,000/-: Hyp. of crops/goods and mortgage of
  agriculture land/property.

Margin:NIL

Rate of Interest:

Condition :

The sum total of credits on different dates during a particular year should be equal to or more than the credit limit availed.

Validity :3 years

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Composite Credit Scheme for Agricultural Lending

Purpose:

For Credit needs of Farmers including those for Farm operations, development of agriculture etc. & domestic expenditure.

Eligibility: All farmers

Amount of Loan:

Maximum to the extent of 50% of the value of land offered as security or Rs.7.50 lac whichever is lower.

Security:

• Hypothecation of Crops/ Assets created out of bank Finance.
  
• Mortgage of Agriculture land valuing twice the amount of Loan.
  

Margin:

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

Rate of Interest:

Repayment:

• Working Capital in the form of Revolving Credit.
  
• Term Loan component in upto7 years.

Purpose : To provide loan to farmers against their produce kept in warehouses.

Eligibility: All farmers who keep their agriculture produce in godown/warehouse.

Amount of Loan : Maximum Rs.10 lacs.

Security:

• Hypothecation of Farm Produce in Warehouse/ Godown .
  
• Warehouse Receipt endorsed in favour of bank and delivered to Bank.

Margin:

• Oil Seeds / cotton - 25%
  
• Others Agri. produce - 20%
  

Rate of Interest:

Repayment : Within 6 months.

Advance against Warehouse Receipts to Food Grain Dealers/Commission Agents/Millers.

Purpose:

To provide Pledge loan to Food Grain Dealers/Commission Agents/Millers against their produce kept in warehouse.

Eligibility : Food Grain Dealers/Commission Agents/Millers.

Amount of Loan : Maximum Rs.25 lacs.

Security:

• Hypothecation of Farm Produce in Warehouse/Godown.
  
• Warehouse Receipt endorsed in favour of bank and delivered to Bank.
  

Margin:

• Oil Seeds / cotton - 25%
  
• Others Agri produce - 20%
  

Rate of Interest:

Repayment : Within 6 months.

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Purchase of Land for Agriculture Purposes.

Purpose: To finance purchase of land for Agriculture Purposes.

Eligibility:

Small & Marginal Farmers, Tenants and Share Cropper owing land upto 5 acres, including the one proposed to be purchased.

Amount of Loan : Maximum Rs.10 lacs.

Security : Mortgage of land purchased out of Bank Finance

Margin : 20%

Rate of Interest:

Loan Upto Rs. 2 Lac	PLR (-) 1.75% i.e. 9.25% p.a.
Above Rs. 2 Lac upto Rs. 5 lac	PLR (-) 1.00% i.e. 10.00% p.a.
Above Rs. 5 lac	PLR (-) 0.50% i.e. 10.50% p.a.

Repayment : Within 10 years including Moratorium of Max. 24 months

Financing Two/Three wheelers to farmers.

Purpose:

To provide mobility to the eligible borrowers for marketing their produce & procuring inputs.

Eligibility:

Any person engaged in farming/allied activities/ retail traders/artisans/
Vendors.

Amount of Loan : Maximum Rs.1.00 lacs.

Security : Hypothecation of assets purchased out of bank finance and one personal guarantee.

Margin: 15 %.

Rate of Interest:

Repayment : Upto 7 years.

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Agriculture Clinic & Agriculture Business Centers.

Purpose :For financing of setting up of Agricultural Clinics and Agricultural Business Centers.

Eligibility:

Graduates in Agriculture or allied subjects. For Group, a member to be Graduate/Experienced in Management/ Human Development.

Amount of Loan:

Project Cost based, Max. Rs.10 lacs for Individual and Rs.50 lacs for Group of 5 Persons.

Security:

• For loan upto Rs.25000/- - Hypothecation of assets purchased out
  of bank fund.
  
• Above Rs.25,000/- - Hypothecation + Mortgage of Property.

Margin : 15-25% of the total project cost.

Rate of Interest :

Repayment : Within 10 years including-Grace period of upto 3 years.

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Scheme for Financing Commission Agents.

Purpose : Short term Finance to Commission Agents for onward lending to Farmers.

Eligibility : Commission Agents with established reputation & good relationship with the bank.

Amount of Loan:

Max. 60% of debts being serviced or 75% of the Capital employed by Commission Agent, whichever is lower.

Security :

• Prime Security - Nil
  
• Collateral Security - Mortgage of Property or Cash Securities like NSC/KVP/LIC etc.
  

Margin : 40% against Book Debts.

Rate of Interest:

Repayment : 7 years.

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Scheme For Financing Farmers For Purchase Of Trucks And Other Transport Vehicles.

Purpose : For Purchasing New Truck, Pick-up van, Jeeps and other transport vehicles.

Eligibility:

Persons and institutions engaged in farming or allied agricultural activity. For truck loans farmers whose land holding is minimum 5 acre. Loans for purchase of light/medium vehicles like jeeps, pick-up vans, mini-trucks, etc. to farmers having minimum land holding 3 acre.

Amount of Loan:

• 85% on the invoice value of chassis.
  
• 75% against body.
  

Security:

• Hypothecation of vehicle purchased.
  
• Collateral security equivalent to 125% of loan amount in the shape of immovable

property or NSCs, FDR, LIC and other chargeable govt. securities equivalent upto 100% of the loan.

Margin:

• 15% on the invoice value of chassis.
  
• 25% against body.
  

Rate of Interest:

Repayment : Maximum in 84 equated monthly installments with Moratorium of 3 months.

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Scheme for purchase of Tractor.

Eligibility Criteria :

An individual, joint co-borrower, HUF proprietorship partnership (P) Ltd. , Ltd. Companies, Cooperative Society, Trust are eligible under the scheme who have minimum 4 acres of agriculture land with permanent source of Irrigation for minimum in two crops in a year and borrowers are non-defaulter of any financial institution.

It can be considered by taking into account, the assets utilization for a minimum of 1000 hours of productive work per year on own farm & custom hiring.

Amount of Loan : 90% on the invoice value of Tractor & implements.

Security :

Hypothecation of tractor along with implements if applicable. Mortgage of agriculture land to secure the advance adequately or Third party guarantee acceptable to bank.

Margin Money : 10% of total value of tractor and implements.

Rate of Interest :

Repayment:

The entire loan shall be repaid in half yearly installments 5 - 9 years.
Gestation period/moratorium period : minimum 6 months & maximum 18 months.

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Scheme for purchase of Second Hand Tractor.

Eligibility Criteria :

Any farmer / entity having minimum 4 acres of agriculture land with source of Irrigation and non-defaulter of any financial institution. It can be considered by taking into account, the assets utilization for a minimum of 1000 hours of productive work per year on own farm & custom hiring.

Age of Tractor : Should not be older than 6 years.

Amount of Loan:75,000/-

Security :

Hypothecation of tractor along with implements, if applicable.Mortgage of agriculture land to secure dequately the advance or Third party guarantee acceptable to bank.

Margin Money : 25% of depreciated value of tractor.

Rate of Interest:

Loan Upto Rs. 2 Lac	PLR (-) 1.75% i.e. 9.25% p.a.
Above Rs. 2 Lac upto Rs. 5 lac	PLR (-) 1.00% i.e. 10.00% p.a.
Above Rs. 5 lac	PLR (-) 0.50% i.e. 10.50% p.a.

Repayment :

The entire loan shall be repaid in half yearly installments 5 - 9 years.
Gestation period/moratorium period : minimum 6 months & maximum 18 months.

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Scheme for financing working capital requirement of Cold Storage

Eligibility :

• Working Capital Finance is to be provided to those units, who have either availed term loan from our bank or have not availed any loan facility from any other financial institutions.
  
• The term loan account of these cold storage holders should be Standard Regular.
• Multiple banking arrangement is strictly prohibited under the scheme.

Purpose :

To meet the working capital requirement of cold storage units for onward lending to the farmers who have stored their agricultural commodities with them.

Amount of loan :

• 70% of the capacity of the storage unit or last 3 years actual average storage and market value or minimum support price of agricultural commodities whichever is less.
  
• However, under the onlending the loan amount per farmer should not exceed Rs.1.00 lac or 60% of value of produce stored whichever is lower.

Rate of Interest:

Security :

Primary

• Hypothecation of receivables/ book debt arising out of advances to farmers for storage of agricultural commodities.

Collateral

• First/second charge on fixed assets of the cold storage unit. Personal guarantee of partners/promoters/directors. Any other tangible collateral security if available.

Validity period :

The account shall be got adjusted in the phased manner as per following:

• 50% upto October.
  
• 100% by Nov. and in exceptional cases (where seed quality potato is stored) by December

Scheme for Financing Timber Merchants and Saw Mills

Eligibility :

Small entrepreneurs which fall under SSI category and are not importing woodlogs are eligible for composite loan (cash credit + term loan) for meeting day to day business activities besides occasional requirement of term loan for increasing capacity in saw mills.

Loan Amount : Rs.25 lacs. Out of which term loan component shall be maximum of 25%

Margin :20%

Rate of interest : Based on existing rate of interest on SSI advances

Limit upto Rs. 50,000 - PLR minus 2% i.e. 9.00%
From Rs. 50,000 toRs.2 lac - PLR minus 1.50% i.e. 9.50%
From Rs.2 lac to Rs.25 lac - PLR minus 1.00% i.e. 10.00%

Security :

Collateral security :

Immovable property in the form of land, building, factory premises
Govt. paper securities etc, or both to adequately cover the bank advances.

Repayment :

Term loan shall be repaid within 36 to 60 monthly installments with maximum 6 months moratorium period.

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