12. Kamadhenu Milk Vendor Scheme

Eligibility:

• Milk vendors collecting milk either from retail or wholesale, supplying to various chilling plants.
• Preferably vendors having tie up with reputed Dairy/Hotels/Sweet stalls etc.  

Objective:

• Infusion of more investment credit for capital formation under dairy sector.
• To generate and accelerate the demand for short-term credit in agriculture and other allied activities.

Term loan:

• Purchase of vehicle used in transportation 
  
• Other accessories required.

13. Joint Liability Group (JLG)

Eligibility:

• JLGs can be formed primarily consisting of tenant farmers and small farmers cultivating land with out possessing proper title of their land.
• JLG members should be of similar socio economic status and background carrying out farming activities and who agree to function as a joint liability group. The members should trust each other well enough to take-up joint liability for group / individual loans.
• The members should be engaged in agricultural activity for a continuous period of not less than one year.
• The members should not be a defaulter to any other formal financial institution.
• JLG should not be formed with members of the same family and not more than one person from the same family should not be included in the JLG.
• Very active member of the group should be the leader of JLG and care should be taken to ensure that benami loans are not cornered by the group leader.

Purpose:

• To augment flow of credit to tenant farmers cultivating land either as oral lessees or share croppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs.
• To extend collateral free loans to target clients through JLG mechanism.
• To build mutual trust and confidence between Banks and tenant farmers.

Amount of loan: Maximum amount of loan is restricted to Rs 50,000 per individual.

For further details Click here

14. Agricultural Godowns / Cold Storage

Objectives: For construction of new Agri godowns or cold storages, market yards, silos/ expansion of existing units/ modernisation of existing units, irrespective of their location and takeover of standard accounts of such units from other banks.

Eligibility: Agri produce Marketing Committees, Marketing Boards/Committees & Agro-industries Corporations etc.

Loan facility: Medium term loan and short term loan for working expenses, based on the project.

Source: www.indian-bank.com