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Canara Bank is the pioneer in implementing Credit Card Scheme for farmers.
| Purpose |
For meeting the cultivation needs of farmers and other short term requirements including those of subsidiary / allied activities and consumption needs. |
| Eligibility |
Individual farmers / joint borrowers / partnership firms/ private & public Ltd. companies who are owner cultivators / engaged in allied / subsidiary activities.
Farmers who are cultivating authorized leased lands are also eligible. The farmer should not be a defaulter of any Financial Institution. |
| Margin |
For limits Upto Rs. 25,000 Nil
For limits Above Rs. 25,000 15-25% or as per Scale of Finance. |
2. For Strengthening Transfer of Technology and Extension Services in field of Agriculture
| Purpose |
For providing expert services and advice to farmers on cropping practices, technology dissemination, crop protection from pests and diseases, market trends and prices of various crops in the market, clinical services for animal health. |
| Eligibility |
Graduates in Agriculture / Horticulture / Animal Husbandry / Forestry / Dairy / Veterinary / Poultry Farming / Pisciculture-Individuals / Joint / Firms / limited companies. |
| Limit |
For individuals : Rs.10 lacs
For groups / partnership firms : Rs.50 lacs |
3. Minor Irrigation / Pumpset Loans
Purpose |
For purchase of electrical motors, oil engines, submersible irrigation pumpsets, for energisation of agricultural pumpsets, pipelines including installation charges, installing generator sets, solar pumpsets, installation of drip ./ sprinkler irrigation systems, fertilizer mixers. |
| Eligibility |
Owner cultivators with minimum 2 acres of land. Loans can be considered for less than 2 acres area provided, viability of the project is ensured. |
| Limit |
- Upto Rs.25,000 : Nil
- Above Rs.25,000 : 15-25%
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4. Farm Machinery Loans
| Purpose |
For purchase of tractors, power tillers, trailers, combine harvester, grain threshers, sprayers, dusters, ploughs, drills, mechanical weeders or any other modern agricultural machinery. |
| Eligibility |
Farmers who satisfy the Bank's norms. |
| Margin |
- Upto Rs.25,000 : Nil
- Above Rs.25,000 : 15-25%
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