Agricultural Loans

Weaver Credit Card(WCC) Scheme

- Purpose
+ To provide credit to the weavers to meet their credit requirement – working capital or term loan or both.
- Eligibility
+  All weavers and ancillary workers involved in weaving activities.
- Age
+Minimum: 21 years
Maximum: 65 years
- Maximum Limit
+ Rs 2.00 lakh
- Margin
+For limit up to Rs 25,000 : NIL
For limit above Rs 25,000 : 20%
- Interest Rate
+ As per Bank's guidelines.

- Target Group
+ Any farmer, Agricultural labourers, Self-Help Groups (SHGs), Joint Liability Groups (JLGs).
- Age
+Minimum: 21 years
Maximum: 65 years
- Loan Amount
+ No Minimum or Maximum limit of land amount. However, loan amount will depend on the actual cost of tractors / power tiller and implements as per the invoices/ quotations.
- Margin
+ Minimum 15%
- Interest Rate
+ As per Bank's guidelines

- Purpose
+ All types of Allied Activities such as Dairy, Poultry, Piggery, Goatery, Duckery, & Fisheries etc.
- Target Group
+ Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
- Age
+ Minimum 21 years ; Maximum: 65 years
- Loan Amount
+ Depends on indicative unit cost and scale of finance, etc.
- Margin
+For loan up to Rs. 1,00,000/- No Margin
For loan above Rs. 1, 00,000/- 15% to 20% of total project cost.
- Interest Rate
+ As per Bank's guidelines

- Purpose
+ Cultivation of Plantation and Horticulture crops, Plough Bullocks, Minor Irrigation, Land Development etc.
- Target Group
+ Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
- Age
+ Minimum 21 years ; Maximum: 65 years
- Loan Amount
+ Depends on indicative unit cost and scale of finance, etc.
- Margin
+For loan up to Rs. 1,00,000/- No Margin
For loan above Rs. 1, 00,000/- 15% to 20% of total project cost.
- Interest Rate
+ As per Bank's guidelines

- Objectives
+ To make the small and marginal holdings economically viable by bringing fallow lands and waste lands under cultivation and by stepping up agricultural production and productivity.To finance the share croppers / tenant farmers to purchase land to enable them to increase their income
- Target Group & Eligibility
+Small and Marginal Farmers, share croppers and tenant farmers.
Small and Marginal Farmers are those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including the one to be purchases under the scheme.
- Age
+Minimum: 21 years 
Maximum: 65 years
- Loan Amount
+Minimum : Rs. 25,000.00
Maximum : Rs. 5,00,000.00
- Margin
+ Minimum 5% of Total Project Cost
- Interest Rate
+ As per Bank's guidelines

- Purpose
+ Cultivation of short-term crops (Short Term Seasonal Agricultural Operations) and meeting contingency expenses subject to 20% of the peak credit limit.
- Target Group
+ All farmers, individuals (singly or jointly), tenant farmers, oral lessees, share croppers, SHGs and Joint Liability Groups
- Age
+Minimum: 21 years 
Maximum: 65 years
- Loan Amount
+ Credit limit is based on operational land holding, cropping pattern and scale of finance.
- Margin
+For loan up to Rs. 1,00,000/- No margin
For loan above Rs. 1,00,000/ Margin - 15% to 25%
- Interest Rate
+ As per Bank's guidelines

- General Features of JLGs
+A Joint Liability Group (JLG) is an informal group comprising a 4-10 individuals coming together for the purpose of availing Bank Loan on individual basis or through Group mechanism against mutual guarantee.
Generally, the members of a JLG would engage in a similar type of economic activity in the Agriculture and Allied sector.
The members would offer a Joint Undertaking to the Bank that enables them to avail loans.
JLG members are expected to provide to each other in carrying out occupational and social activities.
- Size of the Group
+ The group size should preferably be between 10 to 20 members.
- Age
+Minimum: 21 years
Maximum: 65 years
- Loan Amount
+ No Minimum or Maximum limit
- Margin
+ There is no margin requirement. The group corpus /savings are treated as Margin.
- Interest Rate
+ As per Bank's guidelines

- Purpose
+ To provide relief and remove debt burden of identified, actually distresses farmers who are under heavy burden of debt from non-institutional source (i.e. money lenders) by providing them loan for debt redemption. This is a loan given to farmers to offset their loan from money-lenders
- Eligible Borrower
+Small and marginal and agricultural labourers.
All borrowers regular in payment, non-borrowers and tenant farmers who approach as a Self-Help Group or Joint Liability Group are also eligible for this loan.
Existing willful defaulters of the bank will not be eligible.
- Age
+Minimum: 21 years
Maximum: 65 years
- Loan Amount
+Maximum: Rs. 50,000/-
However, actual loan amount shall be determined after proper verification/ identification of beneficiaries and obtaining in writing details like name and address of money lenders, amount of debt, date of creation of debt, etc.
- Margin
+ NIL
- Interest Rate
+ As per Bank's guidelines

- Purpose
+ Loan granted by the Bank to the SHGs for income generation activities, social needs like housing, education, marriage, etc. and debt swapping etc.
- Target Group
+ Business Facilitators, NGOs, Farmers Clubs, Farmers Associations, Panchayat Raj Institutions (PRIs), Krishi Vikas Kendras (KVKs), State Agriculture Universities (SAUs), Agriculture Technology Management Agency (ATMA), Bank Branches, PACs, other co-operatives, Govt. Deptt., Individuals, Input Dealers and Document Writers (in co-operative Banks), MFIs/MFOs etc.
- Age
+Minimum: 21 years
Maximum: 65 years
- Loan Amount
+ No minimum or maximum limit of loan amount. However actual loan amount shall be determined after proper assess of individual credit needs. Suitable rating tools may be used for the purpose.
- Margin
+JLGs in Farm Sector:
Loan up to Rs. 100,000 /-  :  NIL
Loan above Rs. 100,000 /- : Minimum 15%
JLGs in Non-Farm Sector:
Loan up to Rs. 25,000/-  : NIL
Loan above Rs. 25,000/- : Minimum 15%
- Interest Rate
+ As per Bank's guidelines