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SCHEME FOR PRODUCTION CREDIT
TO FARMERS FOR GROWING CROPS (CROP LOANS):
PURPOSE: Purchase of inputs for crop production.
ELIGIBILITY: Farmers who are owner-cultivators,
tenants, lessee or allottee-farmers with record occupancy
rights or farmers with ancestral/perpetual rights of cultivation.
Oral tenants can be eligible for loan only if land-owners
agree to become co-borrowers.
EXTENT OF LOAN: Need based, depending upon
scale of finance.
NATURE OF FACILITIES:
Cash credit facility: For meeting crop production
requirements on an ongoing basis, crop loan in general
is given as cash credit facility.
Short term loan: For growing
crops during a particular season, i.e. Kharif Season,
Rabi Season, etc.
REPAYMENT OF LOAN: Due dates are fixed
for recovery of crop loans synchronising with harvesting
and marketing of crops.
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SCHEME FOR FINANCING UNDER PNB KRISHI
CARD (KISAN CREDIT CARD):
PURPOSE: Loan is provided to cover short
term working capital for agriculture activities, other
domestic requirements such as education, consumable items,
medical expenses, etc., term credit needs of the farmers
and credit against of debt from non-institutional lenders.
ELIGIBILITY: Progressive literate and illiterate
farmers who are owner cultivators, tenants, lessee or
allottee farmers with recorded occupancy rights or farmers
with ancestral/perpetual rights of cultivation. Oral tenants
can be eligible for loan only if land owners agree to
become co-borrowers.
EXTENT OF LOAN: Maximum Rs.10 lakh
Fixation of limit: Limit is fixed for term
loan and working capital requirement limit for agricultural
and allied activities, etc., based on the unit cost of
the asset/s proposed to be acquired by the farmer, the
allied activities already being undertaken on the farm,
repaying capacity.
Maximum limit of Rs 10 lakh is allowed
as under:
Maximum Rs 5 lakh for cash credit limit
for crop production, consumption needs & working capital
for allied activities.
Need based term loan within overall ceiling
of Rs 10 lakh including cash credit limit mentioned above
& loan (maximum up to Rs.50,000) for relief against
indebtedness from non-institutional money-lenders
REPAYMENT OF LOAN: Term loan including
loan for relief against indebtedness from non-institutional
lenders may be repayable in 5 years. However, in case
of term loan where repayment period is more than 5 years,
longer repayment period as prescribed under the respective
scheme is allowed.
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SCHEME FOR COMPOSITE CASH CREDIT
LIMIT TO FARMERS:
PURPOSE: Composite cash credit limit will
be provided for purchase of farm inputs required for production
purposes on an on-going basis. Out of total requirements,
consumption credit shall be restricted to 25 per cent
or a maximum of Rs.25,000/-, whichever is less.
ELIGIBILITY: All farmers owning agricultural
land.
NATURE & EXTENT OF FACILITIES: Need
based Composite Cash Credit Limit with a maximum of Rs.5000/-
REPAYMENT OF LOAN: Period of limit will
be 3 years with an annual review.
Sales proceeds of produce are to be routed
through composite cash credit account. Customer should
clear the debit balance under composite cash credit limit
at least for a week, once in a year, excepting consumption
loan portion which is to be adjusted within a period of
3 years.
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SCHEME FOR PACKAGE LOAN TO FARMERS (PNB KISAN
SAMPURAN RIN YOJANA):
PURPOSE: Bank will provide package loan
to the farmers for undertaking various agricultural and
allied activities for production as well as investment
purposes and to meet the consumption credit requirements
of the farmers. Besides, loan is also provided for processing/storage/value
addition activities post harvest technology.
ELIGIBILITY: Farmers who are owner-cultivators,
tenants, lessee or allottee-farmers with recorded occupancy
rights or farmers with ancestral/perpetual rights of cultivation.
Individual farmers or group of farmers having aptitude/adequate
experience together with minimum land holding, if stipulated
in the respective agriculture credit scheme, will be eligible
for investment loan.
EXTENT OF LOAN: Need based. The farmer
shall draw out his plan encompassing all agricultural
activities on the basis of which extent of loan is determined.
Consumption loan is allowed upto Rs.50,000 or 25 per cent
of the total limit, whichever is lower.
Farmers intending to avail both production
as well as investment credit will be eligible to be covered
under the scheme.
NATURE OF LOAN: Cash credit/ term loan/
overdraft/ composite loan depending upon the requirement
of the farmers.
REPAYMENT OF LOAN: The repayment period
is fixed as per the individual scheme.
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PNB KISAN ICHCHHA PURTI YOJANA:
PURPOSE: Loan is sanctioned for productive
purpose (production and investment credit) related to
agriculture and allied activities, Rural Housing related
activities, and Consumption.
SUB-LIMIT: 20% of the overall limit or
Rs.2 lakh, whichever is lower is given for rural housing
activities. However, loan for housing purpose will be
allowed only if the mortgage of agricultural land for
non agriculture purpose is permissible in the State. 30%
of the overall limit or Rs 3 lakh which ever is lower
(including 20% of the limit or Rs 2 lakh, whichever is
lower, for rural housing activities) is given for consumption
purposes.
ELIGIBILITY: Only existing good agricultural
land owner borrowers who have been continuously availing
of any farm advance against mortgage of agriculture land
and having no NPA record for last THREE years as on the
date of application will be eligible. If the land mortgaged
is in the name of more than one farmer then all will be
eligible jointly.
EXTENT OF LOAN:
Loan limit will be the lowest of :
5 times average annual (2 years) income from agriculture
and allied activities of the borrower.
or
50% of value of mortgage land.
Maximum limit: Rs.10 lakh
Nature of maximum limit of Rs 10 lakh may
be as under:-
- Maximum Rs 5 lakh for cash credit limit for crop production,
consumption needs (other than housing) & working
capital for allied activities;
- Need based term loan within overall ceiling of Rs.10
lakh including cash credit limit mentioned above &
loan maximum up to Rs.2 lakh for Rural Housing.
RURAL HOUSING LOAN: If the land for which
the house related loan is given is in the name of spouse
then spouse will be co-borrower.
Maximum age limit at the time of sanction
of loan is 60 years. Applicants above 60 years but maximum
65 years may be considered for sanction of loan if all
the legal heir join as guarantors.
Required approval from competent authority
for plan, etc., will have to be submitted.
Other requirements of Bank’s Housing Loan
Scheme are to be fulfilled.
REPAYMENT OF LOAN: In case of Production
Credit/Consumption Credit aggregate credit into the account
during 12 months period should at least be equal to the
maximum outstanding in the account.
For housing loan maximum repayment period
is 9 years including gestation period of 12 months.
For Main Agricultural Activities the repayment
period is allowed upto maximum of 9 years.
For allied agriculture activities repayment
period is allowed upto maximum of 7 years.
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CREDIT AGAINST GOLD ORNAMENTS/JEWELLERY, NATIONAL
SAVINGS CERTIFICATES, FIXED DEPOSIT RECEIPTS AND KISAN
VIKAS PATRA TO FARMERS:
PURPOSE: Bank accepts gold ornaments and
jewellery, fixed deposits, National Savings Certificates
and Kisan Vikas Patra as security for agricultural loans,
so long as the quantum of loan required is in consonance
with crops grown or the investment proposed and repaying
capacity likely to be generated and not with reference
to value of securities pledged.
ELIGIBILITY: Applicant should be an agriculturist.
EXTENT OF LOAN: Amount of loan is fixed
according to the prescribed scale of finance for agricultural
loan/approved unit cost.
REPAYMENT: In case of credit facilities
are required farmers for meeting credit requirements on
an on-going basis, instead of observing seasonality, the
limit is to be brought to credit once in a year for a
week.
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SCHEME FOR FINANCING FARMERS GROWING POTATO/FRUITS
AGAINST PLEDGE OF COLD STORAGE RECEIPTS:
ELIGIBILITY: Farmers who have grown potato
and fruit crops from their own resources or with financial
assistance from our Bank.
EXTENT OF LOAN: Maximum Rs.25,000/-
SECURITY: Pledge of Cold Storage Receipts
duly discharged in favour of the Bank.
PRODUCE (MARKETING) LOAN SCHEME:
PURPOSE: To meet short term credit requirement
to adjust/repay the outstanding crop loan/KCC limit availed
by farmers from the bank and to procure better price by
storing farm produce and selling it at favourable price
within a specified period
ELIGIBILITY: Loan will be available only
to those farmers who have availed themselves of crop loan/KCC
facility/composite cash credit limit from our Bank only
for raising the concerned crops in that season which should
not be overdue for repayment.
NATURE & EXTENT OF FACILITY: Short
term loan. Maximum upto Rs.5 lakh. The loan would be twice
the amount of crop loan taken by farmer or 75 per cent
of the value of the produce calculated at the Government
announced procurement prices, whichever is lower.
REPAYMENT OF LOAN: Produce (Marketing)
Loan shall be repaid within a maximum period of twelve
months from the date of its disbursement.
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FARM MECHANISATION SCHEME - FINANCING
FOR PURCHASE OF FARM MACHINERY AND REPAIR/RENOVATION OF
TRACTORS AND POWERTILLERS:
PURPOSE: Loan is sanctioned for Purchase
of new tractors and matching implements/equipments, purchase
of new power tillers, purchase of second hand tractors
with matching implements, purchase of agricultural machinery,
repair/renovation of tractors.
ELIGIBILITY:
For tractors: Farmer or a group
of farmers holding land jointly should have a land holding
either owned by them or held by them on perpetual leasehold
rights of minimum 2.5 acres of perennially irrigated land
or corresponding acreage. Economic viability of financing
tractor in each case shall be worked out. Thus, financing
of tractor shall be done after ensuring economic viability
of the tractor loan proposal.
For Power tillers: Farmer or a group
of farmers holding land jointly should have a land holding
either owned by them or held by them on perpetual lease
hold rights of minimum 1.5 acres of perennially irrigated
land or corresponding acreage. Financing of power tiller
shall be done after ensuring economic viability of the
power tiller proposal.
For other farm machinery/equipments:
No condition of minimum land holding has been stipulated.
Farmer should have proper scope for utilization of assets
and based on economics should be in a position to conveniently
repay loan.
EXTENT OF LOAN : Need based loan .
INSURANCE : The tractor borrowers who have
opted for PNB Farmers’ Welfare Fund Scheme are required
to get their tractor and matching implements insured against
“Liability”(third party) under the Insurance Act to get
insurance coverage.
Subscription will be recovered
from the accounts of borrowers who give their consent
to opt for PNB Farmers Welfare Fund Scheme. The structure
of fee is as under :-
a) Rs.600/- : for 12 months of
calendar year.
b) Rs.300/- : for less than 6 months in a calendar year.
REPAYMENT OF LOAN : Repayment of loan is
to be made in half yearly/yearly instalments as under:
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| S.No. |
Particulars |
Repayment
period (Years) |
| i.
|
Tractors |
7-9 |
| ii.
|
Second hand tractors |
5 |
| iii
|
Power tillers |
7 |
| iv |
Other farm machinery:
a) Small & marginal farmers
|
7 (including repayment holiday of one year)
|
| |
b) Other farmers |
5 |
| v
|
Repair/renovation of tractors |
5 |
NOTE: Repayment period shall be fixed on
a case by case basis depending on nature of repairs, category
of farmer and his repayment capacity, etc.
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SCHEME FOR FINANCING FARMERS FOR PURCHASE
OF SECOND HAND TRACTORS:
PURPOSE : To provide loan for purchase
of second hand tractor to eligible farmers.
ELIGIBILITY : Farmer or a group of farmers
holding land jointly should have a land holding either
owned by them or held by them on perpetual leasehold rights
of minimum 2.5 acres of perennially irrigated land or
corresponding acreage. Thus, financing of tractor shall
be done after ensuring economic viability of the tractor
loan proposal.
EXTENT OF LOAN : Amount of loan will be
75% of depreciated value of tractor. Down payment of 25%
at depreciated value of tractor to be financed is to be
met by borrower from his own sources. Loan for second
hand tractor and three implements including a trailer
shall be restricted to Rs.1,50,000/- (Rupees one lakh
fifty thousand only).
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SCHEME FOR FINANCING SELF-PROPELLED COMBINE
HARVESTERS:
PURPOSE: Loan is given for financing purchase
of combine harvester.
ELIGIBILITY: In case of farmers: Applicant
should be able to maintain and run combine harvester or
should make suitable arrangements for the same. In case
of persons other than farmers: Applicant should be technically
qualified having adequate know-how, skill and managerial
ability to run custom service units. In case of State
Agriculture Farms/Corporations: State Agriculture Farms/
Corporations engaged in land development activities should
have adequate resources and command area to run and maintain
combine harvesters.
EXTENT OF LOAN: Need based.
REPAYMENT OF LOAN: 5-7 years in half-yearly
instalments.
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SCHEME FOR FINANCING FARMERS FOR PURCHASE OF
TRUCKS AND OTHER TRANSPORT VEHICLES:
PURPOSE: Loan is given for purchase of
New trucks, other new motorised light/medium vehicles.
ELIGIBILITY: Owners, Tenants or lessees
of land and engaged in farming or allied agricultural
activity for transporting agricultural inputs and farm
products.
Loan for purchase of trucks shall be given
to farmers whose land holding is 5 acres or more. Loans
for purchase of light/medium vehicles like jeeps, pick-up
vans, mini-trucks, etc., to be used for transport of agricultural
inputs and farm products shall also be made to farmers
whose land holding is comparatively smaller, i.e. 3 acres
or more.
NATURE OF LOAN: Term Loan.
REPAYMENT OF LOAN: Loan with interest is
repayable in maximum period of 48 months in suitable instalments
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SCHEME FOR FINANCING MINOR IRRIGATION:
PURPOSE: Purchase of Pump sets, construction
of Dug wells, deepening of Wells/Repair to wells, Bore
wells, Shallow Tubewells, Deep Tubewells, Installation
of Persian Wheels/Rehats, Sprinkler Sets, Drip Irrigation,
Solar Pumps, Wind Mills, Check Dams, Construction of pump
house, water tanks, laying of field channels, pipe lines
and water courses, Use of PVC and MS pipes and GI bends
Standby Diesel Engines, Pump sets fitted on Trolleys,
Bicycle along with Diesel pumpsets Replacement of pumping
equipment, Generator sets for energisation of pumpsets
used for agricultural purposes, Lift Irrigation and related
activities.
ELIGIBILITY:
I. A farmer intending to implement a
minor irrigation project must have a holding of at least
2.5 acres of land. Project must be technically feasible
and financially viable.
II. Group Financing –
Community Projects: Small and marginal farmers in groups
or community minor irrigation projects are also financed
.
NATURE OF LOAN: Medium term loan.
EXTENT OF LOAN: Need based
REPAYMENT OF LOAN: Ranges from 5-15 years depending on
individual activity.
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SCHEME FOR FINANCING DEVELOPMENT OF HORTICULTURE
(FRUITS, FLOWERS & VEGETABLES) AND PLANTATION CROPS:
PURPOSE: Financial assistance will be made
available mainly for establishment and development of
new orchards or groves of fruit crops, plantation crops,
ornamental crops, medicinal plants, essential oil/aromatic
plants etc, rejuvenation of existing orchards or plantation,
raising vegetables ,raising flower crops, inter-cropping
in horticultural crops, Marketing loan to meet picking,
grading, crating, forwarding and transportation costs
etc..
ELIGIBILITY: Individual farmers or group
of farmers with stipulated land holding , and Public Sector
Undertakings or private firms desirous of seeking financial
assistance for plantation of fruit trees or other economic
plants on project basis.
NATURE OF FACILITY: Short term loan or
cash credit facility is provided for production purposes
and Medium term loan for development of orchards or vegetable/flower
gardens.
EXTENT OF LOAN: Need based. However, working
Capital loan would depend upon scales of finance. In case
marketing loan is also considered, it does not exceed
20 per cent of the estimated value of crop.
GESTATION PERIOD :Gestation period will
vary with variety of plants/trees grown.
REPAYMENT OF LOAN:
Short Term Loans:
Crop Loan: Loan disbursed for raising vegetable
crops, flower crops or other inter-cropping shall be recovered
within 6-8 weeks of harvest of crop unless loans are given
as composite loans taking into account both production
and investment credit needs. In such cases, loan would
be recovered in 4-5 years.
Marketing Loan: Repayment within 4 months
from date of loan.
Medium Term Loan:
Repayment period (inclusive of gestation) in respect of
medium term loans shall be in the range of 4-15 years.
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SCHEME FOR FINANCING FORESTRY DEVELOPMENT
PROGRAMMES:
PURPOSE: Term Loan shall be provided for
the development of nurseries, Plantation and raising forestry
trees upto harvesting , Loan for inter-cropping is also
considered depending upon the crops to be grown.
ELIGIBILITY: Farmers, Companies, State
Undertakings having ownership/ lease-hold/ perpetual tenancy
rights over land in their name shall be eligible for availing
loan under the scheme.
EXTENT OF LOAN: Need based.
REPAYMENT OF LOAN:
(i) Forest Plantation:
Loan for scheme where trees are grown should be repaid
within a maximum period of 15 years inclusive of grace
period.
(ii) Nursery: Since nursery
starts yielding income within short period, repayment
of entire term loan shall be fixed within 5 years.
I. SCHEME
FOR FINANCING DEVELOPMENT OF WASTELAND (INCLUDING TREE
PATTA SCHEME):
PURPOSE: Loan is given for Reclamation
of soil ,Soil conservation measures ,Conditioning of land
by raising seasonal crops in reclaimed area for initial
one/two years, raising of forest tree/pastures in existing
wasteland or reclaimed land, creating irrigation potential
in wasteland, Schematic afforestation of wasteland, tree
patta holders under Tree Patta Scheme.
ELIGIBILITY: Farmers having land holdings
,Panchayats/other bodies having such community land.
EXTENT OF LOAN: Need-based loan.
II. MARGIN
MONEY ASSISTANCE SCHEME FOR DEVELOPMENT OF WASTELAND:
ELIGIBILITY:State Government Corporations,
Urban Development Authorities, Public Undertakings and
Semi-Governments Organisations.
EXTENT OF MARGIN MONEY ASSISTANCE: Quantum
of margin money will be decided on the basis of individual
project and its cash flow. National Wasteland Development
Board (NWDB), will give an amount upto 25 per cent of
project cost of bankable projects.
DEVELOPMENT
OF NON-FOREST WASTELAND UNDER INVESTMENT PROMOTION SCHEME:
ELIGIBILITY: Projects promoted by Individual
entrepreneurs and Individual/group of farmers,Central
and State Governments Undertakings,Co-operative Institutions,Public
Trusts and Societies registered under the Societies Registration
Act, Corporate Bodies registered under the Companies Act.
AREA COVERAGE OF SCHEME: Scheme will primarily
be restricted to non-forest wasteland owned by Central
and State Governments.
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SCHEME FOR FINANCING AGRICULTURAL GRADUATES
FOR SETTING UP OF AGRI-CLINICS AND AGRI-BUSINESS CENTRES
(ACABC):
OBJECTIVES:
(i) To supplement the efforts of Government Extension
System.
(ii) To make available supplementary sources
of input supply and services to needy farmers.
(iii) To provide gainful employment to
Agricultural Graduates in new merging areas in agricultural
sector.
CONCEPT:
(i) Agri-clinics: Agri-clinics are envisaged
to provide expert services and advice to farmers on cropping
practices, technology, dissemination, crop protection
from pests and diseases, market trends and prices of various
crops in the markets and also clinical services for animal
health, etc., which would enhance productivity of crops/animals.
(ii) Agri-business Centres: Agri-Business
Centres are envisaged to provide input supply, farm equipments
on hire and other services.
PURPOSE: Financial assistance is provided
to the eligible persons for any economically viable activity
selected by the Graduates acceptable to the Bank: -
(i) Soil and water quality-cum-inputs testing
laboratories (with Atomic Absorption Spectrophotometers).
(ii) Pest surveillance, diagnostic and
control services.
(iii) Maintenance, repairs and custom hiring
of agricultural implements and machinery including micro-irrigation
(sprinkler and drip) systems.
(iv) Agri-service centres including the
three activities mentioned above (Group activity).
(v) Seed processing units.
(vi) Micro-propagation through Plant Tissue
Culture Labs and Hardening Units.
(vii) Setting up of vermiculture units,
production of bio-fertilizers, bio- pesticides, bio-control
agents.
(viii) Setting up of Apiaries (bee keeping)
and honey & bee products processing units.
(ix) Provision of Extension Consultancy
Services.
(x) Facilitation and agency of agricultural/insurance
services.
(xi) Hatcheries and production of fish
finger-lings for aquaculture.
(xii) Provision of livestock health cover,
setting up veterinary dispensaries and services including
frozen semen banks and liquid nitrogen supply.
(xiii) Setting up of Information Technology
Kiosks in rural areas for access to various agriculture
related portals.
(xiv) Feed Processing and Testing Units.
(xv) Value Addition Centres.
(xvi) Setting up of Cool-Chain from the
farm level onwards (Group Activity).
(xvii) Post Harvest Management Centres
for sorting, grading, standardization, storage and packaging.
(xviii) Setting up of Metallic/Non-Metallic
Storage Structures (Group Activity).
(xix) Retail marketing outlets for processed
Agri-products.
(xx) Rural marketing dealerships of farm
inputs and outputs.
(xxi) Internet kiosks either separately
or in combination of any of the eligible project activities
selected by the entrepreneurs.
ELIGIBILITY:
(i) The applicant should be Agricultural Graduates/Graduates
in subjects allied to agriculture like horticulture, animal
husbandry, forestry, dairy, veterinary, poultry farming,
pisciculture and other allied agricultural activities.
(ii) Individuals or in group of not exceeding
5 persons; of which one could be a Management Graduate
with qualification or experience in business development
and management.
EXTENT OF LOAN: Need-based; subject to
the following :-
(i) Project by Individual : Rs.10 lakh
(ii) Project in Group : Rs.50 lakh
REPAYMENT OF LOAN: Loan shall be repayable
in monthly/ quarterly/ half-yearly/ yearly schedule depending
upon the income generation from the project or as prescribed
in the respective Credit Schemes of the bank.
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SCHEME FOR FINANCING FARMERS FOR PURCHASE
OF LAND FOR AGRICULTURAL PURPOSE:
PURPOSE: The objective of the Scheme is
to finance the farmers to purchase, develop and cultivate
agricultural as well as fallow and wasteland.
ELIGIBILITY: Small and marginal farmers
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