25. Hi-Tech Projects in Agriculture

Process of globalization has given an opportunity to Agriculture sector to be a highly commercial proposition. As against conventional methods of agril Project High technology in Agriculture evolved by scientist proved to be a profitable venture. IDBI Bank provides term loan and cash credit finance to such high tech projects, such as Tissue Culture, Green –house technology, floriculture, cold storage, mushroom cultivation, Aqua culture, Hybrid seed production etc. Individuals, and group of farmers and trained, experienced actively engaged in such activity companies etc. are the eligible entities. The assessment will be on project-to-project basis.


26. Contract Farming

Purpose:

The bank grants financial assistance to individual farmers / group of farmers, co – operative societies etc. identified by companies that include partnership firms, societies, trading units and other corporate engaged in Agribusiness for the purpose of supply of inputs, technical know how etc to their contracted farmers.

Eligibility:

Individual farmer, Group of farmers, Co-operative Societies, (hereinafter collectively referred to as farmer unless specified otherwise) identified by companies that include Partnership-firms, Societies, Trading units & other Corporates engaged in Agribusiness. Tenor:Case to case basis varies (12 Months & 24 Months)


27. Lending to Micro Finance Institution (MFI)

Purpose:

The product aims to provide financial assistance to large and medium scale MFIs having considerable experience in managing micro credit programmes, high growth potential, good track record and professional expertise.

Eligibility:

The eligible criteria are registered entities including societies / trusts / companies / NBFCs collectively termed as MFIsThe MFI has been in existence for at least five years and /or it has a demonstrated track record of running a successful micro-credit programme at least for the last three years.

Extent of Exposure: Minimum Rs. 50 lac and maximum – Rs. 100 Crore.

Tenor & Repayment Schedule:

Minimum tenure:- 1 year.
Minimum tenure:- 5 years.
The repayment is to be made in monthly/ quarterly installment.

Source: http://www.idbi.com