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AGRICULTURE AND RURAL CREDIT SCHEMES
U name it, V have it !
Complete Solution
for all your Agricultural Credit Needs!
If you are an individual
agriculturist / corporate / firm / NGO engaged in agriculture / allied
activities, we provide a wide range of products. You can choose the most
suitable one according to your requirements / needs. We can make tailor made
products for you in case you so desire
A. Kisan Credit Card
Canara Bank is the pioneer in implementing Credit Card Scheme for farmers.
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Purpose
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For meeting the cultivation needs of farmers and
other short term requirements including those of subsidiary / allied activities
and consumption needs.
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Eligibility
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Individual farmers / joint borrowers / partnership
firms/ private & public Ltd. companies who are owner cultivators /
engaged in allied / subsidiary activities.
Farmers who are cultivating authorized leased lands
are also eligible. The farmer should not be a defaulter of any Financial
Institution.
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B. Loans for Agri clinics / Agri business
Centres
For Strengthening Transfer of Technology
and Extension Services in field of Agriculture
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Purpose
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For providing 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 market,
clinical services for animal health.
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Eligibility
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Graduates in Agriculture / Horticulture / Animal
Husbandry / Forestry / Dairy / Veterinary / Poultry Farming /
Pisciculture-Individuals / Joint / Firms / limited companies.
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Limit
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For
individuals : Rs.10 lacs
For groups / partnership firms : Rs.50 lacs
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C. Minor
Irrigation / Pumpset Loans
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Purpose
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For purchase of electrical motors, oil engines,
submersible irrigation pumpsets, for energisation of agricultural pumpsets,
pipelines including installation charges, installing generator sets, solar
pumpsets, installation of drip ./ sprinkler irrigation systems, fertilizer
mixers.
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Eligibility
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Owner cultivators with minimum 2 acres of land. Loans
can be considered for less than 2 acres area provided, viability of the
project is ensured.
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D. Farm Machinery Loans
For Strengthening Transfer of Technology
and Extension Services in field of Agriculture
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Purpose
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For purchase of tractors, power tillers, trailers,
combine harvester, grain threshers, sprayers, dusters, ploughs, drills,
mechanical weeders or any other modern agricultural machinery.
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Eligibility
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Farmers who satisfy the Bank's norms.
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E. Farm Development Loans
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Purpose
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For digging / deepening of wells, construction of
tanks, ponds, drilling of bore wells, soil and water conservation watershed
development bundling land reclamation, leveling of land, terracing,
conversion of dry land into wet, irrigable lands, fencing, construction of
farm houses and other allied activities.
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Eligibility
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Farmer should be owner of the land
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F. Vehicle Loan for Agriculturists
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Purpose
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For purchase of brand new vehicles such as bicycles,
mopeds, two wheeler / three wheeler carriages, jeeps, vans and other
light motor vehicles for supervising agricultural operation / management of
farm / estate and for transportation of agricultural produce / inputs,
vehicles may also be considered.
Purchase of heavy vehicles such as lorries for big farmers owning at least
15 acres of perennially irrigated land.
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Eligibility
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Agriculurist cultivating his own land or engaged
in allied activities such as dairy, poultry, sericulture, fish farming,
etc.
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G. Loan for Plantation Crops
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Purpose
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For establishment of estates, clearing of jungle,
conversion of barren land into cultivable land, purchase of planting
material, rejuvenation / replanting.
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Eligibility
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Owners of the land who have experience / knowledge in
the proposed activity.
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H. Loan for Marine Fisheries
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Marine Fisheries
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Purchase / construction of mechanized fishing
vessels, fishing equipments, working capital requirement for voyages
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Inland
Fisheries
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Construction / deepening / widening / desilting of
ponds, purchase of fingerlings, equipments, manures, feeds and labour
inputs.
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Eligibility
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Well experienced fish farmers with suitable land,
professional fishermen
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I. Loan for Sericulture
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Purpose
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For cultivation of mulberry, rearing of silk worms,
construction of rearing house, purchase of rearing equipments / wire mesh /
disease free layings (DFL).
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Eligibility
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License / permission from Sericulture Department for
rearing silkworms in the area, wherever required.
Technical assistance from Sericulture Department or any other organization
dealing with sericulture development should be available on continuous
basis.
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Margin
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For limits upto Rs.50,000/- : Nil
For limits above Rs.50,000/- : 15-25%
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J. Loans for Poultry and Duck rearing
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Purpose
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For establishing / improving layer / broiler farms
and hatcheries including purchase of chicks, feeds, medicines, equipments,
feed mixing plants, construction of poultry sheds, also for rearing Ducks /
Turkeys / Qualis.
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Eligibility
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Person having experience / knowledge in poultry.
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K. Produce Loan
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Purpose
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To keep the produce in an approved godown or
warehouse or in farmers’ residence enabling them to sell the produce for a
better price of a later date.
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Eligibility
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1. Farmers who have availed Crop Loan /KCC.
2. Farmers who have not availed Crop Loan /KCC.
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Maximum Limit
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Rs.10 lacs per party
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Repayment
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Within 12 months from the date of grant
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L. Loan for Cold Storage and Rural Godown
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Purpose
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1. For creation of scientific storage capacity with
allied facilities to store farm produce, processed farm produce and
agricultural inputs.
2. Promotion of grading, standardization and quality control of
agricultural produce prevention of distress sale, strengthen agriculture
marketing infrastructure.
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Eligibility
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Individuals / farmers, group of farmers / growers,
partnership / proprietary firms, NGO’s SHG’s, Companies, Corporations,
Co-operatives, Agro-Processing Co-operative Societies., Agricultural
Produce Marketing Committees, Marketing Board and Agro Processing
Corporations, Grower’s Associations.
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M.
Drip
/ Sprinkler Irrigation Loans
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Purpose
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For purchase of drippers, pressure regulators,
filters, pipes, accessories, fertilizer mixers and pumpsets. Construction
of overhead tanks and installation of sprinkler irrigation units. Purchase
of water saving devices / modern irrigation equipments.
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Eligibility
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Owners of land. Tenant cultivators can also be
considered.
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N.
Dairy
Loan and Raising Crossbreed Heifrs
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Purpose
Eligibility
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1.
For
construction of cattle shed, purchase of high yielding milch cattle, dairy
equipments, cattle feed, cultivation of green fodder, transportation of
animal, setting of on-farm processing and pasteurization plants.
2.
Purchase
/ rearing of cross breed heifers.
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Eligibility
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1.
Farmer
should have experience / knowledge in maintaining dairy animals
2.
Veterinary
facilities readily and easily available.
3.
Should
be cultivating or having arrangements for supply of green fodder.
4.
Availability
of technical assistance / guidance artificial insemination
facilities.
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O. Loans for Construction of Farm
Structures
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Purpose
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Construction of farm structures including storage rooms /
godowns / sheds for livestock and farm machinery.
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Eligibility
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Farmer shall be the owner of the land. Should be
economic land holdings having sufficient surplus income from agriculture to
repay the loan.
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P. Kisan Suvidha
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- For meeting the
comprehensive credit needs of farmers.
- Working capital
requirements: for crop cultivation expenses, working capital
requirements for allied activities, maintenance of farm machinery/
equipments, non-farm sector activities and consumption needs.
- Term loans requirements
like purchase of agricultural implements, land development, purchase of
bullocks and carts, purchase of farm machinery, minor irrigation.
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Eligibility
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Agriculturists can avail finance for working capital
requirements either under KCCS (Kisan credit Card Scheme) or under Kisan
Suvidha scheme and not under both the schemes.
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Q. Canara Kisan OD
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Purpose
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To
provide a hassle-free overdraft facility for working capital expenses of
agriculturists to be incurred for allied activities, repairs and replacements
of farm machinery, working capital requirements or/and for non-farm sector
activities and consumption needs, subject to ceiling for each type of
expense.
The account can also be operated by ATM card (if facility is available in the
branch) or cheque leaves.
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Eligibility
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Agriculturists having satisfactory repayment record for
the past 1 year.
The Scheme is operational only in select branches of
the Bank.
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R. General Credit
Card Scheme (GCCS)
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Objective
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- General Credit Card Scheme
has been introduced as an important measure in the area of Financial
Inclusion.
- To provide hassle free
credit to Rural and Semi-urban households without insistence on
security, purpose or end use of the credit.
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Purpose
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- Loan can be sanctioned for
any general purpose including that of consumption.
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Eligibility Norms
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- All Rural / Semi-urban
households are eligible irrespective of their activity, whether
agricultural or non agricultural and income level.
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Loan Quantum
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- Loan quantum shall be 50 %
of the net annual income of the entire household.
- Maximum of Rs.
25000/-.
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Margin
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- No margin shall be
insisted
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Tenability
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Limit extended is of overdraft nature tenable for three years
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Security
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No security is insisted. No co-obligation / third party
guarantee
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S. Krishi Mitra Card Scheme
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Objective
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- To provide easy credit to Individual Tenant Farmers, Oral Lessees, Share Croppers and farmers cultivating lands without proper records.
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Purpose
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- Cultivation of Crops
- Maintenance of animals and farm machinery
- Repairs and replacements of machineries
- Replacement of animals
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Loan Quantum
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- Maximum of Rs. 50,000/- subject to Scale of Finance and a maximum of 50% of the value of the produce.
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Tenability
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Extended either as an operative limit with a tenability of 3 years (subject to annual review) or as a single transaction limit, repayable in 5 years in quarterly / half yearly / yearly installments.
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Security
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Hypothecation of Crops.
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T. Financing Joint Liability Groups of Tenant Farmers
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Objective |
General Credit Card Scheme
has been introduced as an important measure in the area of Financial
Inclusion. |
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Purpose |
Cultivation of Crops based on the details of the crops raised by the JLG members |
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Loan Quantum |
Maximum of Rs. 50,000/- per farmer and Rs. 5,00,000/- per group. |
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Repayment |
Linked to marketing of crops - not to exceed 12 months for short duration crops and 18 months for long duration crops. |
U. Kisan Tatkal (only in select states)
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Objective
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To provide credit for meeting the post harvest expenses of the farmers who have availed KCCS Loans
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Purpose
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To meet the expenditure towards storing, processing, treatment of food grains, godown charges, etc
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Loan Quantum
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- Minimum of Rs. 1,000/-
- Maximum of Rs. 50,000/- but not to exceed 50% of KCCS Limit / 25% of annual income
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Repayment
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In 3-5 years in half yearly / annual installments.
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Security
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Collateral of Securities extended to KCCS Loans.
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V. Scheme for Redemption of Debts of Farmers from Non-Institutional Sources
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Objective |
To provide relief to farmers and remove the debt burden from non-institutional sources. |
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Purpose |
To prepay the debts availed by the farmer from non institutional sources |
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Loan Quantum |
Maximum of Rs. 50,000/- subject to 150% of the Gross Annual Income |
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Repayment |
Within 5 years – in quarterly / half yearly / yearly installments. |
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Security |
Mortgage of Property, if the cumulative loans exceed Rs. 65,000/- |
W. Gold Loans for Agricultural Purposes
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Objective |
To provide loans to farmers for various agricultural purposes against the pledge of gold Jewelleries |
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Purpose |
To meet all farm requirement of the farmers |
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Loan Quantum |
Maximum of Rs. 3,00,000/- subject to 80% of the appraised value or per gram limit specified from time to time. |
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Repayment |
Within 12 months |
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Security |
Pledge fo gold Jewelleries |
Our Other Loan Products:
The schemes mentioned above are only illustrative and not exhaustive. We have other loan products also to supplement the farmers' income. The important ones are:
| Tissue Culture |
Lift Irrigation Projects |
| Floriculture |
Piggery, Rabbit Rearing, Bee Keeping, Bullock Cart Loans, Sheep, Goat Rearing |
| Mushroom Cultivation |
Bio Gas plants |
| Aquaculture |
Dealers of distribution of fertilizers, pesticides, seeds etc. |
| Export oriented agriculture |
Custom service units for maintaining fleet of tractors, Bulldozers, well boring equipments.
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| Seed production and processing |
Loans for Farm Forestry, Bio-diesel Plants, Tree Borne Oil Seeds, etc. |
General
information(Not Exhaustive)
1. Proposed
activity should be technically feasible and economically viable.
2. The
quantum of loan depends on scale of finance / accepted project cost.
3. Rate
of interest as applicable from time to time will be charged.
4. Margin
money of 15-25% has to be brought by the applicant depending on the quantum of
loan.
5. Wherever
subsidy is available it will be treated as margin.
6. Generally for loans above Rs. 50,000, mortgage of landed property is to be provided as security, subject to certain deviations as permitted under bank policy.
7. Notified
crops will be covered under Rashtriya Krishi Bima Yojana Scheme.
8. Insurance
in respect of assets created to be obtained as per norms of bank.
9. Lien
should be noted at RTO/Port authorities / MPEDA wherever applicable.
10. Loan Applications will be disposed of as per time norms of the bank.
Documents to be
produced by the applicant:
1. Certified
copies of records in respect of lands owned / leased.
2. NOC
/ No Due Certificate from other financial institutions wherever applicable.
3. Two
passport size photographs.
4. Documents
of title and other relevant documents, wherever landed properties are taken as
security.
5. Plan
and estimate in respect of construction / drilling / deepening of wells,
proforma invoice / quotations in case of machines, vehicle, etc.
6. Valuation
certificate of the land from a competent authority / panel valuer wherever
applicable.
7. Other documents
related to specific schemes.
For all the Above Schemes Conditions Apply.
The information provided above are only illustrative and not exhaustive. For more details, please contact your nearest Canara Bank Branch or mail to pcwing@canbank.co.in
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