RBI Licensed Urban Co-operative bank with 18 Branches
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  • ERAVIPEROOR - 689542
Agriculture Loan

Purposes

Loans can be sanctioned for the following purposes as per this scheme
F.1.1 Farm Credit-Individual Farmers: Loans to a maximum amount of ₹ 5 lakhs for a maximum period of 3 years can be sanctioned to individual farmers, directly engaged in agriculture and allied activities, viz. dairy, animal husbandry, poultry, bee-keeping and sericulture. This will include:
>>  Crop loans including loans for traditional and non-traditional plantations, horticulture and allied activities.
>>  Medium and long term loans for agriculture and allied activities such as for purchase of agricultural implements and machinery and developmental loans for allied activities
>>  Loans for pre and post-harvest activities viz. spraying, harvesting and transporting of their own farm produce
>>  Loans to distressed farmers indebted to non-institutional lenders.
>>  Loans under Kissan Credit Card Scheme
>>  Loans to small and marginal farmers for purchase of land for agricultural purposes.
>>  Loans to farmers for installation of solar power plants
>>  Loans for similar other agricultural and allied activities
>>  The amount of loan shall be fixed on the basis of the scale of finance set by NABARD

F.1.2 Agricultural Infrastructure:

Loans to a maximum amount of ₹ 20 lakhs for a maximum period of 5 years can be sanctioned to individuals for
>>  Construction of storage facilities like warehouse, market yards, godowns and silos including cold storage units/cold storage chains designed to store agriculture produce/products, irrespective of their location.
>>  Soil conservation and watershed development.
>>  Plant tissue culture and agri-biotechnology, seed production, production of biopesticides, bio-fertilizer, and vermi composting.
>>  Similar other activities

F.1.3 Ancillary Services:

Loans to a maximum amount of ₹ 20 lakhs for a maximum period of 5 years can be sanctioned for setting up of Agro-clinics and Agro- business centres

F.1.4 Food Processing Sector:

Loans to a maximum amount of ₹ 10 lakhs for a maximum period of 5 years can be sanctioned for
>>  Processing of fruits, vegetables, milk, milk products including their packaging, storing and transportation
>>  Freezing products like fruit, vegetables, meat, fish, sea foods etc.
>>  Canning of fruits, vegetables including mushrooms, meat, fish, crustaceans, other sea foods etc.
>>  Processing of fruits and vegetables into different products such as juices, concentrates, sauces, jam, jellies, marmalades, chips, flakes, powders etc.
>>  Production of bakery and confectionary products-biscuits, bread, cakes, cookies, toffee etc.
>>  Production of starch and starch products - sago, corn, noodles, macaroni, vermicelli Similar other projects.