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Banking & Credit :: ORIENTAL BANK OF COMMERCE

5. ADVANCE AGAINST WAREHOUSE RECEIPTS TO FARMERS

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 lakhs.

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6. 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 lakhs.

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7. FINANCING TWO /THREE WHEELERS TO FARMERS UNDER KISAN BIKE SCHEME


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 lakhs.

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8. 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.

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9. 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 and 75% against body

For further details Click here
 
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