SCHEME FOR FINANCING FOR CONSTRUCTION OF FARMERS' GODOWN

It is a farmers' oriented scheme prepared and introduced by our bank in such a manner so as to encourage farmers to construct their own godown depending on the size of land holdings.

The scheme has been prepared on the lines of Rural Godown scheme of NABARD. There is no provision of any kind of subsidy as it is  bank's own scheme.

ELIGIBILITY :
Only such farmers and group of farmers are eligible having irrigated land ranging from 3.20 hectares to 11.60 hectares (8 acres to 29 acres) capable of taking atleast 2 crops in a year.

APPLICABLE AREA :
The scheme will be applicable to all rural areas as per the defination of NABARD (i.e. having population upto 50,000) where sufficient production and potential is available.

LOCATION :
The godown will be constructed on farmer's own land on well drained site, not liable to flooding and away from a place likely to be affected by seepage of water.

LOAN AMOUNT :
85% of the construction will be allowed as loan under the scheme (since no subsidy is available). Under the scheme the minimum loan amount will be Rs.1.50 lacs with a maximum of Rs.5.60 lacs depending upon the size of godown ranging from 650 sq.ft. to 2400 sq.ft.

VIABILITY : 

The viability of the scheme for different size of godowns will be as under :-
 

The borrower will also be eligible to avail loan against stock of   own produce in the godown.

MARGIN:
The farmer's contribution will be 15% only.

REPAYMENT :
11 years including  grace  period of one year. 

RATE OF INTEREST :
As per R.B.I. guidelines. 

SECURITY : 
Registered mortgage of the entire land holding of the borrower/borrowers including that on which godown is to be constructed alongwith the godown constructed thereon.

INSURANCE :
Insurance will be obtained against all possible risks including  civil riots risk.              

SCHEME FOR FINANCING SETTING UP OF AGRI- CLINICS AND AGRI-BUSINESS CENTRES

NABARD has formulated a scheme for financing setting up of agri-clinics and agri-business centres by agricultureal graduates, which we have introduced in our bank. 

 ELIGIBILITY : 
The  scheme is  open  to   agricultural    graduates/graduates

in subject allied to agriculture like horticulture, animal husbandary, forestry, dairy, poultry, sericulture, agricultural engineering and other allied activities. 

PROJECT COST :
The outer ceiling for the cost of project by an individual is Rs.10.00 lacs and for a project by group of maximum 5 agricultural graduates would be Rs.50.00 lacs. 

MARGIN :
Minimum margin of 15% will be stipulated in all projects.

SECURITY  :
As per extant norms. 

RATE OF INTEREST  : 
As applicable to direct agricultural advances. 

PROJECT ACTIVITIES  :