4. Commodity Futures Trade linked Warehouse Receipt Loan (CFT) Scheme
Purpose: The scheme envisages financing commodity stock held in accredited ware houses against forward sale contracts entered into by customers on the platform of approved futures exchanges namely (NCDEX, MCX and NMCE).
Eligibility: Individuals engaged in Agriculture and allied activities
Loan Amount
Maximum amount of Rs.10.00 L.
Rs.1050 / gram for loan period up to 6 months (75% of market value).
Rs.1000 /gram for loan period up to 12 months (70 % of market value)
5. Scheme for Purchasing & Developing Agricultural Properties
Purpose: Loan to for purchase and development of agricultural land by small farmers.
Eligibility: Persons (Residents only) with agricultural background / those who are having a flair for farming related activities and having sufficient repaying capacity
Loan Amount:
Maximum loan amount for purchase under the scheme will be 75 % of the value of land as estimated by the Bank. Credit facilities for development of land, irrigation facilities and for cultivation of crops will also be available. A farmer will be required to contribute minimum 15 percent of total cost as margin from his own resources towards development loans.
6. Animal Husbandry (Allied Activities) Schemes
Purpose: Agricultural Term Loans are provided for the purchase of assets / creation of assets/infrastructure relating to poultry, dairy development, Piggery, Sericulture, Apiculture, Fisheries Development etc.,
Eligibility: Persons taking up all kinds of activities under animal husbandry sector are eligible.
Loan Amount: Up to Rs.50,000 - 100 % of the cost of the asset/ project cost is provided as loan. Above Rs 50,000 - up to 85 % of the cost of the asset/ project is given as loan.
7. Fed Farm Hospitality
Purpose: Construction of Farmhouses (with stores etc), farm roads, rest houses, restaurant/ catering facilities, other public utility services, Expansion / Maintenance/ repairs and renovation of existing Farm Houses, Marketing outlets for Farm produce, etc (For own use or for Farm Tourism related activities).
Eligibility: All agriculturists carrying out investments in farm houses and farm tourism infrastructure in the agricultural properties owned by them with required approvals are eligible for loans under the package
Loan Amount: For new construction - Maximum Rs 50 Lakhs (Higher amount can be considered for applicants having sufficient cash flows) with a minimum margin of 15%. For expansion, repairs and renovation of existing farm houses — Maximum Rs 25 Lakhs with a minimum margin of 15%.
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