Loan products at a glance

LOAN PRODUCTS AT A GLANCE:

1) FARM SECTOR LOANS
2) NON FARM SECTOR LOANS
3) RURAL HOUSING LOANS
4) SHORT TERM LOANS
5) DEPOSIT LINKED LOANS

1)Farm Sector Loans:

Classified into 3 categories based on the income generation of the project proposed :

a) Scheme loans with repayment period upto 5 years: Concessional Rate of Interest – 6%

b) Scheme loans with repayment period above 5 years and upto 9 years : Interest rate – 9.6%

c) Scheme loans with repayment period above 9 years : Interest Rate: 9.9%

SALIENT FEATURES OF THE LOAN PRODUCTS ARE GIVEN BELOW:

Sl no.	Name of scheme	IMBP	Purposes	Repayment Period	Grace period	Borrowers’ Margin		Loan eligibility/Valuation norms
Farm Sector Loans:
1	Normal lending (Ordinary Loan)	Rs.3.0 lakhs	All agrl.purposes	5 to 10 yrs	Nil	Nil		50% of lad value or 8 times post development net income.
2	Farm sector scheme	Rs.1 crore	All agrl.purposes (LD, MI, FM, P&H, Floriculture, Medicinal plants, AH, Fisheries /ornamental fisheries, Bio-gas, Apiary, Agrl. Machinery /processing equipments, Godowns etc.)	3 to 15 yrs	Up to 7 yrs depending on purpose	5-15%		50% of land value or 8 times post development net income.
3	Agrl. Land purchase scheme (Under ARF(FS) ) 50% recovery under the said scheme for eligibility.	Rs. 1 crore	Purchase of agricultural land	Up to 12 yrs	Up to 24 months.	20%		80% of land value where additional security is offered or 60% of land value where no additional security is offered.
4	Homestead farming ( Under ARF(FS) )	Rs. 5.0 lakhs	All agrl. purposes	3 – 10 yrs	Nil	Nil		50% land value
5	Kissan Samrudhi Scheme (KSS)	Rs.10,00,000	Agriculture and allied activities	5 years	Nil	5-15%		50% value of property offered as security.
6	Kissan Samrudhi Scheme-Plus (KSS-Plus)	Rs.10,00,000	Agriculture and allied activities /JLG/Agro Processing	7 years	Nil	5-15%		50% value of property offered as security.
7	Haritha Hybrid Scheme	Rs. 1 crore	Agriculture and allied activities /FM	Up to 9 yrs	6 Months	5-15%		50% value of property offered as security.
8	Agri-clinic and agri-business centers	Rs. 20.0 lakhs	To create self-employment opportunities to unemployed agricultural graduates and to provide expert advice and services to farmers.	5-10 years	2 years	Up to 5 lakhs –Nil Above 5 lakhs- 10-15%.		50% of land value
9	Two-wheelers (Under ARF (FS)) New vehicles only.	85% of total cost.	To agriculturists for cost effective transportation.	2-5 yrs	Nil	15%		100% of land value + hypothecation of vehicle.
10	Joint Liability Group loan	Rs. 50,000 per person	All purposes except housing.	3 yrs to 5 yrs	Nil	Nil
Non Farm Sector Loans
11	Enterprise loan scheme	Rs. 1 crore	All manufacturing, processing, marketing and service activities that are income generating or employment generating.	2- 10 yrs.	Up to 18 months		Nil	100% of land value + hypothecation of assets created out of the loan.
12	Small Water and Road Transport Operators scheme	Rs.50.0 lakhs	Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc.	2- 5 yrs.	Up to 6 months		15% for new vehicles.	100% of land value + hypothecation of vehicle for new vehicles
13	Second hand vehicles (Except two wheelers) (NABARD)	Rs 5.0 lakhs	Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc.	4 yrs max. For public transport vehicles with valid route permit, up to 5 yrs.	Nil		25%	50% of land value + hypothecation of vehicle.
14	SCC scheme (Swarozgar Credit Card)	Rs.100000	As in ELS scheme	5 yrs for block and 1 yr for working capital	Nil		Nil	100% land value. Total of all loans should not exceed 100% of land value.
15	Education loans	Rs.10.0 lakhs inside India. Rs 20.0 lakhs abroad.	All approved courses.	Up to 10 yrs.	Up to 1 yr after completion of study.		15%	Two third of the land value. (66.66%)
Housing Loan
16	Housing-construction of new house/ purchase	Rs. 20.0 lakhs for new house.	Construction of new house, purchase of house	Up to 15 yrs for construction/purchase of new house	-Up to 18 months,	20% up to Rs. 200000/- and 25% above Rs. 200000/-		100% value of additional security or where the primary security is valued, 50% of value of primary security+Rs. 200000.0 max of estimated cost of building.
17	Housing-Renovation/Extension	Rs. 5.0 lakhs	Renovation/extension of house	7 yrs	Nil	20% up to Rs. 200000/- and 25% above Rs. 200000/-		100% value of additional security or where the primary security is valued, 50% of value of primary security.
NCDC assisted loan schemes
18	Gold Pledge loan	Rs.10.0 lakhs	Crop loan, farm purposes	Max 1 yr.	Nil	Nil		70% to 90% of (market value/ minus Rs. 100.0).
19	Loan for consumer durables	Rs.1.0 lakh	Purchase of any consumer durable	3 yrs	Nil	10%		70% of land value
20	Traders loan	Rs. 2.0 lakhs	Established trading activities.	2 yrs	Nil	Nil		100 % land value
21	Second hand vehicles (Except two wheelers) (NCDC)	Rs. 5.0 lakhs	Public transport vehicles except two wheelers, including refrigerated vans, bulk carriers for edible oil, petroleum etc.	4 yrs max. For public transport vehicles with valid route permit, up to 5 yrs.	Nil	25%		50% of land value + hypothecation of vehicle.
22	CARD Bank marriage assistance loan	Rs. 500000.0	Purchase of gold ornaments	24-60 months	Nil	Nil		50% value of land offered as security.
23	Cash Credit facility	Rs. 500000.0	To meet financial requirements/ST Farm requirements	1 year	Nil	Nil		1. 60% of value of land 2. Two salary sureties with take home pay of not less than Rs. 5000/- 3. Rs. 50000.0 only if own salary surety with Rs. 10000/- basic pay and take home pay of Rs. 8000/- 4. 75 % of maturity value of NSC, GOI bonds and 75% surrender value of LIC policies.
24	Rubber slaughter tapping	Rs. 720000	To undertake rubber slaughter tapping for experienced persons	3 years	nil	25%		50% value of property offered as security.
Fixed Deposit Linked Schemes
25	Pilgrimage Loan Scheme	Rs.1,00,000	To meet expenses of pilgrimage tourism	1 year	2 months	Nil		75% value of property offered as security.
26	Personal Loan Scheme	Rs.1,00,000	To meet various financial requirements	1 year	nil	Nil		100% value of property offered as security.

AGRL. DEV. MANAGER (F&I)