DRI SCHEME (DIFFERENTIAL RATE OF INETEREST)

PURPOSE Scheme is meant to fulfill small  credit needs of weaker sections of society. RETIRED TEACHERS (ACHARYHIT YOJNA) scheme
ELIGIBILTY Persons having annual income of not more than 18000/- in rural area and Rs. 24000/-in urban areas will be eligible under the scheme
QUANTUM OF FINANCE Maximum loan of Rs. 20000/- may be availed for construction/ repair of house and Rs. 15000/- for other purposes.
RATE OF INTEREST 4 % p.a.

PURUSHARTHI YOJNA( LOANS TO PHYSICALLY HANDICAPPED UNDER DRI SCHEME)

PURPOSE The Bank is providing loans up to Rs. 20,000/- for housing and up to Rs. 15000/- for other activities RETIRED TEACHERS (ACHARYHIT YOJNA) scheme
ELIGIBILTY Disability level of applicant should not be less than 40%
All other requirements are as applicable under DRI scheme. 

ACHARYHIT YOJNA - SCHEME FOR RETIRED TEACHERS

PURPOSE Financial Assistance to pensioners of Govt. / semi Govt. departments and educational institutions. RETIRED TEACHERS (ACHARYHIT YOJNA) scheme
ELIGIBILTY Pensioners drawing pension from branches of our Bank.
QUANTUM OF FINANCE Four times of monthly pension maximum Rs. 20,000/-
MARGIN 25% of the project cost
RATE OF INTEREST 13.50% p.a.
REPAYMENT Cash credit accounts on annual review.

ADVANCE AGAINST INSURANCE POLICIES

PURPOSE To meet out the financial needs of customers Bank is providing loan against policies; issued by Life Insurance Corporation of India ADVANCE AGAINST INSURANCE POLICIES
ELIGIBILTY Any major person having bonafide Insurance Policy in his name.
QUANTUM OF FINANCE
  • For LIC of India -75% of surrender value in 3 years old policies.
MARGIN 25%
NATURE OF FACILITY Term Loan / Overdraft
RATE OF INTEREST 14% p.a. up to Rs.50000/-
15% p.a. up to Rs.2 lac
15.50% p.a. above Rs.2 lac
on quarterly compounding to be served on monthly basis.
REPAYMENT 60 months or maturity date of policy which ever is earlier.

AMRA KRISHAK CARD

PURPOSE Financial assistance for mango production and marketing. mango farmers loan
ELIGIBILTY Mango growers having mango orchards.
AMOUNT OF LOAN According to scale of finance and land holding.
MARGIN NIL
RATE OF INTEREST 7% upto Rs. 3,00,000/- (wherever interest subvention is available)
10.50% upto Rs. 50,000/- (wherever interest subvention is not available)
13.50% above Rs.50,000/- (wherever interest subvention is not available)
REPAYMENT
  • For crop production – after harvesting and marketing of crop.
  • For setting up new orchards – In 13 years including moratorium period of 8 years.
  • For rejurivation of old orchards –in 8 years including moratorium period of 3 years.
  • For Nursery –In 7 years including moratorium period of 2 years.

ANNAPURNA SCHEME

PURPOSE To provide financial assistance for domestic needs. annapurna scheme
ELIGIBILTY Permanent Government / Semi-Government, Teachers and salaried persons drawing salary from branches of our Bank.
TYPE OF FACILITY Clean overdraft / Term loan.
QUANTUM OF FINANCE Twenty times of net salary maximum Rs.4.00 Lac.
RATE OF INTEREST 14% p.a.
REPAYMENT Clean overdraft – Annual review
Term Loan – 60 equated monthly instalments.

CAPITAL INVESTMENT SUBSIDY SCHEME FOR RURAL GODOWNS / COLD STORAGE

PURPOSE Construction of Rural Godowns / Cold Storage for procuring and storing Agriculture produce of farmers in rural area. RURAL GODOWNS COLD STORAGE loans
ELIGIBILTY Individual farmer, Group of farmers, proprietor / partnership firms, NGO’s SHG’s Corporations, companies, cooperative societies, Agro processing cooperative societies, Agricultural production and marketing societies and marketing Boards.
AMOUNT OF LOAN Project cost as per capacity of Rural godown / Cold Storage less margin.
MARGIN 25% for general categories
20% for SC/ST beneficiaries.   
SUBSIDY 25% to 33.33% of project cost as per capacity of Rural godown / Cold Storage less margin. Maximum Rs.37.50 Lac and Rs.50.00 Lac respectively (back ended)
RATE OF INTEREST 13.50% p.a. up to Rs. 10 lac
14.00% p.a. above Rs. 10 lacs
REPAYMENT In 10 -12 years.

EDUCATION LOAN

PURPOSE To provide financial assistance to meritorious scholars for higher education. education loan
ELIGIBILTY Should be citizen of India, such students, who posses excellent academic record and have secured minimum 60% marks in their academic carreer.
AGE LIMIT Maximum 30 Years.
EXPENSES FOR WHICH LOAN MAY BE CONSIDERED
  • Fee payable to college / school / Hostel.
  • Expenses on Boarding / Lodging
  • Examination / Library / Laboratory fee
  • Expenses on books / equipments / Implements / uniform etc
QUANTUM OF FINANCE Maximum Rs.10.00 Lac for education in India and Rs.20.00 lac for education abroad
MARGIN Upto Rs.4 Lacs         NIL
Above Rs.4 Lacs      5%
QUANTUM OF FINANCE As per project cost.
RATE OF INTEREST 12.00% p.a. up to 4 lacs
12.50% p.a.
on loans above 4 lac
REPAYMENT In 5 –7 years after getting employment or after six month of completion of course whichever is earlier.

FARM MECHANISATION

PURPOSE To provide credit facility for purchasing tractor, trolly and other agricultural implements to perform farm operations smoothly, to resolve the problem of human labour, to arrange transportation of agriculture inputs and marketing of agriculture produce quickly. FARM MECHANISATION
ELIGIBILTY Such farmers, who hold minimum 5 acre perennially irrigated agricultural land singly or jointly.
QUANTUM OF FINANCE As per project cost.
MARGIN 15 to 25% of the project cost
RATE OF INTEREST 13.50% p.a.; 13.50% under tie-up arrangement in case of Tractors
REPAYMENT Maximum in 9 years.

FINANCIAL ASSISTANCE AGAINST STORAGE RECEIPT

PURPOSE To extend finance against warehoused farm produce to get better marketing price at the time of sale. FINANCIAL ASSISTANCE AGAINST STORAGE RECEIPT
ELIGIBILTY Farmers or Group of farmers who are engaged in producing food grains including fruits and have taken short term loan under KCC.
AMOUNT OF LOAN 70% of value of produce kept in storage maximum Rs.10.00 Lacs.  
MARGIN 30% of the project cost
RATE OF INTEREST 13.50% p.a. upto Rs.10 lac, 14.50% p.a. above Rs.10 lac
REPAYMENT After marketing of produce as per seasonality.

FINANCIAL ASSISTANCE FOR MEDICLINICS FOR QUALIFIED MEDICAL PRACTITIONERS

PURPOSE Composite loan for purchase of land / plot / building for Hospital / Nursing Home and for purchase of medical equipment with working capital requirement. FINANCIAL ASSISTANCE MEDICAL PRACTITIONERS
ELIGIBILTY Individuals / partners (group of qualified medical practitioners).
QUANTUM OF FINANCE Rs. 100 Lacs of which working capital should not be more than Rs.10.00 Lacs.
MARGIN 15%
RATE OF INTEREST 14.00% p.a. up to Rs. 15 lacs
14.50% p.a. up to Rs. 15 lacs
with quarterly rest.
REPAYMENT 10-15 years including grace period of six months.

FINANCIAL ASSISTANCE TO FARMERS FOR PURCHASE OF LAND FOR AGRICULTURE PURPOSE

PURPOSE To make small and marginal land holdings economically viable to make barren land suitable for agriculture to provide credit facility to Landless and small farmers. PURCHASE OF LAND FOR AGRICULTURE PURPOSE
ELIGIBILTY Small and marginal farmers, share croppers etc. having land holding not exceeding 8.00 acres to 9.25 acres for dry land and 6.75 acres to 7.50 acres for irrigated land depending upon the land holding criterion of the district. This land ceiling includes the land to be purchased through this scheme.
QUANTUM OF FINANCE 100% of net annual income. As per area in which the land is to be purchased, its valuation and development cost.
MARGIN 1. Upto Rs.50,000/- NIL
2. Above Rs.50,000/- minimum 10%
RATE OF INTEREST 13.50% p.a. upto Rs.5,00,000/-, 14.50% above Rs.5.00 lac
REPAYMENT In 7 to 12 years in Half Yearly equated installments.

FINANCIAL ASSISTANCE TO FARMERS FOR PURCHASE OF TWO WHEELERS

PURPOSE To facilitate quick movement from home/farm to market, etc. PURCHASE OF TWO WHEELERS
ELIGIBILTY Such farmers, who are permanent resident in the Bank’s service area / area of operations and hold 2.5 acre perennially irrigated agriculture land.
QUANTUM OF FINANCE 100% of net annual income or Rs.40,000/-, whichever is less.
MARGIN Minimum 25% of the project cost
RATE OF INTEREST 13.00% p.a
REPAYMENT In 5 years / in 10 Half Yearly equated installments.

GENERAL CREDIT CARDS

PURPOSE To facilitate the customers in rural & semi urban areas with hassle fee credit based on the assessment of cash flow without insistence on security, purpose or end use of the credit. general credit cards
ELIGIBILTY Such people, who are engaged in agriculture, business / self employment etc.
QUANTUM OF FINANCE Rs.25,000/-.
MARGIN NIL
RATE OF INTEREST 13.00 p.a.
REPAYMENT This is in the nature of overdraft or cash credit with no end use verification stipulation. The limit may be reviewed annually and revised / cancelled depending upon track record of the account holder.

GRAH LAXMI YOJNA FOR WOMEN

PURPOSE Assistance for domestic needs like purchase of household goods, education, medical treatment and other misc. expenses. womens_empowerment_loan
ELIGIBILTY Female beneficiaries whose husbands are permanent employees of Govt. / Semi Govt., educational / financial institute as drawing salary from branches of our Bank.
AMOUNT OF LOAN Four months net income/ salary of husband or maximum Rs.20,000/-
MARGIN NIL
RATE OF INTEREST 13.00% p.a.
REPAYMENT In 36 EMI

HOUSING LOAN

PURPOSE Financial assistance for purchase of land / flat and for construction of residential house. housing loan
ELIGIBILTY Individuals / Salaried persons / Professional and self employed having adequate repayment capacity.
AMOUNT OF LOAN Rs. 25 Lac in which Rs.5.00 lac is for repair / renovation / additional construction and Rs.50,000/- for final touch
QUANTUM OF FINANCE As per project cost.
MARGIN 20%
RATE OF INTEREST 10.00% if repayment in 5 years
10.50%, repayment above 5 years and up to 10 years
11.00%, repayment above 10 years
REPAYMENT Maximum 15 years in equated monthly installments.

KISAN CREDIT CARD

PURPOSE Financial assistance to farmers for crop production and consumption needs. Kisan Credit Card
ELIGIBILTY Short term cash credit limit for crop production to farmers having agricultural land and term loan for agriculture and allied activities.
LIMIT / LOAN AMOUNT According to scale of finance of crops to be grown.
MARGIN NIL
RATE OF INTEREST 7% upto Rs. 3,00,000/- (wherever interest subvention is available)
10.50% upto Rs. 50,000/- (wherever interest subvention is not available)
13.50% above Rs.50,000/- (wherever interest subvention is not available)
REPAYMENT After harvesting and marketing of produce.

KISAN CREDIT CARD FOR TENANT FARMERS / ORAL LESSEES / JOINT LIABILITY GROUP

PURPOSE Agricultural labours who have no agricultural land in their names and are engaged in farming as tenant farmers / oral lessees. kcc JOINT LIABILITY GROUP
ELIGIBILTY Group of 5 –20 tenant farmers who are associated in self help groups for last 3 months and graded according to self help group concept.
AMOUNT OF LOAN Rs.50,000/- per member of the group maximum Rs.5.00 Lacs.
MARGIN NIL
RATE OF INTEREST 7% upto Rs. 3,00,000/- (wherever 3% interest subvention is available)
9% upto Rs. 50,000/- (wherever 3% interest subvention is not available)
12% above Rs.50,000/- (wherever 3% interest subvention is not available)
REPAYMENT As per revolving cash credit.

KISAN SAMADHAN CARD

PURPOSE To fulfill entire needs of farmers for short term, medium term finance including repair of farm machinery, consumption needs. kisan samadhan scheme
ELIGIBILTY Kisan Card holders having availed short term and medium term loan and whose repayment in last 3 years was regular and satisfactory are eligible under the scheme.
QUANTUM OF FINANCE Ten times of net Agriculture income.
MARGIN Production Credit : upto Rs.50,000/- ---NIL , Above Rs.50,000/---15%
Investment Credit :15%
RATE OF INTEREST 7% to 13.50% depending upon project and project cost
REPAYMENT 5 –7 years including gestation period.

MAHILA UDYAMI CREDIT CARD

PURPOSE Financial Assistance to women beneficiaries for small business, self employment, Artisan, Jari Embroidery, Moonga moti, tailoring etc. to raise the income and social status of women. MAHILA UDYAMI CREDIT CARD
ELIGIBILTY Individual and Group of ladies.
AMOUNT OF LOAN Rs.50,000/- in the form of cash credit and term loan.
MARGIN Upto Rs.25000/- - NIL
Above Rs.25000/- - 15%      
RATE OF INTEREST 13.00% p.a.
REPAYMENT In five years.

RURAL HOUSING FINANCE SCHEME

PURPOSE To enlarge coverage of those people who do not have the title deeds in their names and to redress the problem of Rural Housing through improved access to housing credit, which would enable an individual to construct a modest new house to improve or add to his existing dwelling unit in rural area. rural housing
ELIGIBILTY Such people, who are engaged in agriculture, Trade / business and services etc.
QUANTUM OF FINANCE Construction of House / Additional
Construction: maximum Rs.3,00,000/-
Repairs / Renovation : maximum Rs.50,000/-
MARGIN 25% of the project cost
RATE OF INTEREST 13.00% p.a.
REPAYMENT 5 to 7 years in monthly / Quarterly / Half Yearly equated installments depending on profession of the borrower.

SCHEME FOR SOLAR WATER HEATER SYSTEM

PURPOSE To provide financial assistance for purchasing Solar Water Heater Systems with necessary accessories. Bank is actively participating in NABARD / Govt. of India's "Capital subsidy-cum-Refinance Scheme" solar water heater
ELIGIBILTY Households in Rural, semi Urban and Urban Areas, business establishments, Hostels, Hospitals, Hotel / Restaurants etc. who have an assured source of income to meet out repayments. Any individuals, institutions, NGO’s and commercial organizations.
LOAN AMOUNT Upto 80% of the cost of the project.
COST OF PROJECT From Rs.9500 to Rs.6.00 Lacs
MARGIN 20% of the project cost.
RATE OF INTEREST 5% p.a.
REPAYMENT Maximum repayment period 5 years inclusive of 3 months moratorium period in equated monthly instalments.

SCHEME OF AGRICULTURE GRADUATES FOR ESTABLISHING AGRI CLINICS AND AGRI BUSINESS

PURPOSE Financial assistance for setting up Agri Clinic and Agri Business centers for providing expert advice for better cropping practices, protection from pests and diseases, market trend and also clinical services for animal health. AGRI CLINICS AND AGRI BUSINESS loan
ELIGIBILTY Agriculture graduates / graduates in subject allied to agriculture, like veterinary, dairy, etc.
AMOUNT OF LOAN  Rs.10 Lac
QUANTUM OF FINANCE As per project cost.
MARGIN No margin up to Rs.5 Lac
25% above Rs.5 Lac                  
SUBSIDY
  • 25% to 33.33% on capital investment (back ended)
  • Interest subsidy for two years
RATE OF INTEREST 13.50% p.a.
REPAYMENT 5 to 10 years including moratorium period of maximum 2 years.

SMALL ROAD TRANSPORT OPERATOR SCHEME

PURPOSE To provide transport vehicle to experienced beneficiaries to raise income from transportation. SMALL ROAD TRANSPORT OPERATOR SCHEME
ELIGIBILTY Individuals
AMOUNT OF LOAN 75% of cost of vehicle, Insurance and registration expenses.
MARGIN 25% of the project cost
RATE OF INTEREST 12.50% p.a.  upto Rs.10 lac, 13.50% p.a. above Rs.10 lac
REPAYMENT Equated monthly instalments repayable in 5 years.

SOLAR HOME LIGHTING SYSTEM

PURPOSE To overcome the problem of power shortage that is being faced by the public particularly in rural & semi urban areas and to exploit the solar energy as much as possible to preserve the fossil fuel, i.e. coal, oil, gas and to fulfill the need for electricity, the use of solar energy, for domestic and commercial heating and lighting, emerged as the most viable and sustainable solutions to the energy problems. Bank is actively participating in NABARD / Govt. of India's "Capital subsidy-cum-Refinance Scheme" solar loan
ELIGIBILITY Households in rural, semi urban or urban areas, business establishments, Hospitals, Hotels / Restaurants etc.
QUANTUM OF FINANCE Maximum 85% of the project cost
MARGIN 20% of the project cost, where capital subsidy is available.     
SUBSIDY 30% of benchmark cost
RATE OF INTEREST 5% p.a.
REPAYMENT In 5 years in monthly / half yearly installments.
NOTE The Bank plans to engage Business Facilitators to propagate the scheme, promote financing under it and also to ensure maintenance of the Solar Home Lighting units with a vision to provide partial employment to rural youth. 

SWAROJGAR CREDIT CARD SCHEME

PURPOSE Self employment through Bank credit to small enterprises. SWAROJGAR CREDIT CARD SCHEME
ELIGIBILTY Self employment, Artisans, Small businessman, weavers, fishermen, Individuals, engaged in services, rikshaw pullers and SHG’s, etc.
AMOUNT OF LOAN Rs.1,00,000/- in the form of term loan and / or cash credit.
MARGIN NIL
RATE OF INTEREST 13.00% p.a.
REPAYMENT 5 years in equal monthly instalments / Annual review.

VERMI COMPOST HATCHERY UNIT SCHEME

PURPOSE
  • To promote organic farming by making available the organic inputs like vermi compost.
  • To increase agriculture productivity while maintaining soil health and environmental safety.
  • To reduce the dependence on chemical inputs.
  • To make available the earth worms for making vermi compost.
  • To convert organic wastes to plant nutrient.
general credit cards
ELIGIBILTY Individuals, group of farmers / Growers, Co-operatives, NGO’s, SHG’s.
QUANTUM OF FINANCE Maximum Rs.10 Lacs.
PATTERN OF FINANCIAL ASSISTANCE
  • Owner’s contribution : 25%
  • Subsidy from Govt. of India : 25% subject to the maximum ceiling of Rs.1.5 Lacs (back ended)
MARGIN 15 – 25%
RATE OF INTEREST 13.50 p.a.
REPAYMENT The repayment period will depend up on the cash flow and may be generally up to 8 years with a grace period or 1 year.

 

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