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Banking & Credit :: UNITED BANK OF INDIA

3. United Krishi Sahayak Yojana

Objective:

i.     Providing financial assistance for purchasing tractor and power tiller for the purposes of tillage operations, transportation of output and inputs and custom hiring. 
ii.    Providing self employment to rural youth for taking up custom hiring as well as tillage of his own land.
iii.   To increase direct lending to agriculture.

Area of operation:

i.     Through rural and semi urban branches within or even outside their service area.
ii.    For such loan service area concept will not be applicable. 
iii.   The concept of 'No Objection Certificate' is dispensed with, but indebtedness of the farmer is to be examined by exchange of list of borrowers amongst the bankers in the service area / block / tehsil.

Eligibility:

  • A non-defaulter farmer possessing minimum 2.5 acres of irrigated land for tractor and 1.5 acre of irrigated land for power tiller. In case where financing of tractor is 100% secured by liquid security like FD, NSC etc., there will be no minimum land holding criteria, but the applicant should be a farmer.
  • For rural youth below 35 years of age having a valid tractor driving license and possessing minimum 2 acres of irrigated land for tracor and 0.5 acres of irrigated land for power tiller. He should be a non-defaulter and duly recommended by BDO/DRDA/DRDC/Panchayet and Anchal Pradhan.

4. United Gramya Shree Yojana

Objective: To provide uninterrupted, quick and hassle free credit with a view to appreciate and encourage good borrowers /depositors for different productive activities

Area of operation: All rural and semi urban branches.

Purpose:

For all kinds of agricultural, allied and other productive activities with emphasis on minor irrigation, farm mechanization, horticulture and plantation, dairy, poultry, fishery, sericulture, bio-gas, high-tech agriculture, setting up of agri-business/agri-clinic, purchase of land for agricultural purposes.

Eligibility:

  • Existing medium term farm borrowers with good track record for the last 3 years, woman family members of such borrowers
  • Existing depositors maintaining an average balance of Rs.25,000/- or above for the last 3 years can apply himself (herself) / recommend the loan proposals under this Scheme as guarantor.

Source: http://www.unitedbankofindia.com

 
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