1.Kisan Power
Kisan Power aims at providing adequate and timely credit to farmers for meeting cultivation needs including purchase of inputs, etc.,
Eligibility:
- Farmer who is an owner cultivator, a tenant cultivator or a sharecropper is eligible for these loans.
- Minimum landholding should be two acres of cultivable land.
Loan Amount: Minimum Rs. 25,000 and maximum Rs. 25 lacs
Repayment: Loan tenure is fixed by allowing reasonable period for marketing the agricultural produce after harvest of the crop, subject to maximum of 1 year in case of cash credit, to 7 years for term loans.
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2. Power Trac
Purpose: Under Power Trac, we finance farm equipments and machinery (including tractors and accessories) for agricultural purposes.
Eligibility:
Agriculturist who is a major and one
guarantor required
Loan Amount: We fund a maximum of 85% of the cost of the tractor, 75% of the cost of the trailer and 60% of the cost of the implements.
Tenor and Repayment:
Upto 7 years and
Flexible repayment in quarterly or half-yearly or yearly installments
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3. Commodity Power
Commodity Power loans (short term loan or CC) are provided against the pledge of warehouse receipts issued by the following warehouses:
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CWC or SWC warehouses
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Other licensed warehouses, cold storages
Eligibility: Farmer, Trader, Agri-input dealer who is:
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The original depositor of the goods and
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Not a defaulter to any bank or financial institution
Loan Amount:
Value of commodity minus Commodity specific Margin amount (ranging from 25% to 40% depending on the volatility of the commodity). The maximum loan amount shall be:
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Farmer : Rs 10 lacs
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Agri-Input Dealers : Rs 1 crore
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Trader : Rs 5 crores
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