15. SwarnaMithra Scheme

Purpose: Scheme to provide easy loans to meet their immediate agricultural requirement for production credit where interest subvention is available.

Security: Loans against pledge of Gold Ornaments

Rate of interest: Rate of interest as applicable to agricultural cash Credits

Repayment: Repayment coinciding with the harvesting season

Advance Value: Advance amount based on current value of Gold Jewellary -  Rs.1750 /- per gram of 22 Carat Gold Ornament, subject to a maximum of Rs 5 lacs per borrower and subject to revision from time to time.

16. Scheme for financing LPG connection in rural areas

Objective: To make available sufficient time to small and marginal farmers etc., for wage earning and to have good health.

Extent of Loan: The unit cost as per NABARD isRs.3,450/-. The cost component of LPG connection includes, deposit to be made for LPG connection,supply of regulator and cylinder (1/2) accessories and cost of single burner stove

Interest: As applicable to Agri. Term Loans

Security: i) Hypothecation over the LPG components purchased and ii) Third party guarantee acceptable to the Bank

Margin: 10%

Repayment: On the basis of income generated with max. of 5 years



17. Scheme for financing to tenant farmers & Oral lessees

Objective: To provide crop loans to tenant farmers / oral lesses and farmers having land without proper records.

Eligibility: Tenant farmers / oral lessees

Formation Tenant Farmer Groups (TFGs): The eligible farmers may form a group on the pattern of SHGs. All the procedures of SHGs should be followed.

Savings & Thrift : The group can open SB a/c as one in SHGs.

Quantum of Loan: Loan will be linked with the thrift deposits mobilised by the group. The crop loan will be disbursed to the tune of 1 to 4 times of their savings as done for SHGs.

Security: No security other than inter-se agreement.

Documents: Loan application, inter-se agreement & the loan agreement on the lines of SHG financing