4. Contract Farming
Axis Bank finances farmers who have contract farming arrangements with Corporates.
Eligibility: Farmers having cultivable fertile land of 3 acres and above.
Loan Amount: As per the scale of finance, per acre of land, as decided by the District Level Credit Committee of the lead Bank; or what is mutually agreed upon by the Bank and the Sponsor Company, as the case may be.
Tenor: Duration of the crop plus 2 months.
Security
5. Power Gold
Loans against the security of gold ornaments are extended to farmers at attractive interest rate, minimum documentation, quick disbursals, less margin money and convenient repayment schedule.
Purpose: To support agriculture and allied agricultural activities.
Eligibility: Individuals engaged in agriculture or allied agricultural activities.
Loan amount: Minimum Rs. 10,000 and maximum Rs. 5.00 lacs
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6. Arthia Power
Purpose: Cash credit facility for meeting the commission agents' working capital requirements on account of credit extended to farmers for supply of inputs.
Eligibility
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Commission agents with valid license from the Market Yard / Board.
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Commission agents who are in this business for the last 3 years.
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Commission agents having receivables from farmers, operating in mandis and lending to farmers for purchase of inputs.
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Commission agents who have filed their sales tax returns and/or who have audited balance sheets.
Loan amount: Minimum Rs. 50,000 and maximum Rs. 40 lacs
Repayment: Repayable on demand subject to annual review.
For further details Click here |
