3. Sugar Premium Scheme
Eligibility:
- Farmers supplying cane to reputed sugar Mills for the past three years
- Term loan should also be recommended by the Mill.
Purpose: To enhance credit facility to the registered cane growers for investment credit requirements of farm activities besides crop loan.
Total Project Cost: Crop Loan as per “Golden Harvest Scheme”
60% of value of the estimated produce or Rs.20,000/- per acre whichever is lower.
4. Financing Agriculturists for Purchase of Tractors
Eligibility: Farmer having minimum of 4 acres of irrigated land/ 8 acres of dry land.
Purpose:
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To improve agricultural production/productivity for mechanising the farming activities.
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To purchase Tractors /power tiller together with necessary equipments like cultivator, tiller, mould board plough, disc harrow, cage wheel, trailer, threshers, harvesters etc.
Total Project Cost: Based on the quotation/invoice submitted for the vehicle and the implements to be purchased.
5. Purchase of Second Hand Tractors by Agriculturists
Eligibility:
Borrower employed in Govt /Semi Govt./reputed (P) sector: -(Minimum 4 acres of irrigated land (or) 12 acres of dry land), OR
Having own business:- (With known source of minimum income of Rs.5000 per month).
Purpose:
Loan Amount:
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Persons engaged in cultivation of irrigated cash crops under tie up arrangement/contract farming :- (5 acres of irrigated land/ 15 acres of dry land).
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Persons engaged in cultivation of all other field crops : - (6 acres of irrigated land/18 acres of dry land).
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The cost certified by surveyor/approved by Banks/insurance companies (or) by applying 7% depreciation straight line method p.a. whichever is less.
Source:
www.indian-bank.com
