1. Crop Loan with Kisan Credit Card

Purpose: Credit to Farmers/ Group of farmers for Crop Loan, working capital or investment credit for viable agriculture purpose.

Eligiblity: All Farmers/ Owner cultivators, tenant cultivators and Share croppers / Individual farmer having agreement with institution.

Extent of Exposure: As per scale of finance specific to the crop and KCC norms.

Tenor: The card would be valid for 5 years, of which crop loan and working capital components has to be renewed annually.


2. PSL Gold Loan Scheme

Purpose: Assistance to farmers against pledge of gold for meeting the temporary cultivation needs, social obligations and medical emergencies and Small business / Traders / Distributors and Self employed professionals for provision of finance for Business needs.

Extent of Exposure: For individuals Minimum Rs.10,000 and Maximum Rs.5 lacs.

Tenor: Minimum tenor is 1 month and maximum 24 months


3.Warehouse Receipt Finance

Purpose: The bank extends financial assistance to farmers, partnership firms and limited companies against pledge of agricultural commodities. Farmers who want to store their produce in warehouses to avoid distress sale immediately after harvest, Processors/ Traders who want to procure large quantities of produce during the season and process / sell over a period of time and Large processors who wish to store required quantity of commodity for future processing by contracting with sellers can benefit from the scheme.

Eligibility: Individual farmers, Partnerships, Limited Companies.

Eligible commodity: Soya bean, Cotton (including bales), Mustard, Maize, Wheat, Sugar, Paddy, Cashew, Castor, Chilli and Turmeric only

Tenor: Maximum of 12 months from the date lodging commodities or shelf life of the product .


4. Loan Against Crop Receivables

Purpose: The Bank grants financial assistance to farmers against the produce hypothecated for providing timely credit with minimum documentation to individuals supplying non-processed crop produce to private and public limited companies.

Eligibility: Individual farmers, Group of farmers, Co-operative Societies, Agents acting on behalf of a group of individual farmers

Eligible Crops: Indicative list of crops covered under the scheme are Cereals, cash crops, fruits, flowers, medicinal/ aromatic plants, vegetables and oilseeds

Loan amount: For corporates minimum Rs.1 crore to maximum Rs.100 crore

Source: http://www.idbi.com