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Home >> Priority & SME Banking >> Priority Credit Section >> Agriculture & Rural Credit Schemes
 
Agriculture & 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  

Newly Introduced Schemes

Regular Scheme

A. Kisan Credit Card

Canara Bank is the pioneer in implementing Credit Card Scheme for farmers.

Purpose

For meeting the cultivation needs of farmers and other short term requirements including those of subsidiary / allied activities and consumption needs.

Eligibility

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.


B. Loans for Agri clinics / Agri business Centres

For Strengthening Transfer of Technology and Extension Services in field of Agriculture

Purpose

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. 

Eligibility

Graduates in Agriculture / Horticulture / Animal Husbandry / Forestry / Dairy / Veterinary / Poultry Farming / Pisciculture-Individuals / Joint / Firms / limited companies. 

Limit

For individuals                        : Rs.10 lacs
For groups / partnership firms : Rs.50 lacs

C. Minor Irrigation / Pumpset Loans

Purpose

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.

Eligibility

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.

D. Farm Machinery Loans

For Strengthening Transfer of Technology and Extension Services in field of Agriculture

Purpose

For purchase of tractors, power tillers, trailers, combine harvester, grain threshers, sprayers, dusters, ploughs, drills, mechanical weeders or any other modern agricultural machinery.

Eligibility

Farmers who satisfy the Bank's norms.


E. Farm Development Loans

Purpose

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. 

Eligibility

Farmer should be owner of the land

F. Vehicle Loan for Agriculturists

Purpose

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.

Eligibility

Agriculurist cultivating his own land or engaged in allied activities such as dairy, poultry, sericulture, fish farming, etc.


G. Loan for Plantation Crops

Purpose

For establishment of estates, clearing of jungle, conversion of barren land into cultivable land, purchase of planting material, rejuvenation / replanting.

Eligibility

Owners of the land who have experience / knowledge in the proposed activity.

H. Loan for Marine Fisheries

Marine Fisheries 

Purchase / construction of mechanized fishing vessels, fishing equipments, working capital requirement for voyages

Inland Fisheries 

Construction / deepening / widening / desilting of ponds, purchase of fingerlings, equipments, manures, feeds and labour inputs.

Eligibility

Well experienced fish farmers with suitable land, professional fishermen

I. Loan for Sericulture

Purpose

For cultivation of mulberry, rearing of silk worms, construction of rearing house, purchase of rearing equipments / wire mesh / disease free layings (DFL).

Eligibility

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.

Margin

For limits upto Rs.50,000/-    : Nil
For limits above Rs.50,000/- : 15-25%


J. Loans for Poultry and Duck rearing

Purpose

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.

Eligibility

Person having experience / knowledge in poultry.

K. Produce Loan

Purpose

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.

Eligibility

1. Farmers who have availed Crop Loan /KCC.

2. Farmers who have not availed Crop Loan /KCC.

Maximum Limit

Rs.10 lacs per party

Repayment

Within 12 months from the date of grant

L. Loan for Cold Storage and Rural Godown

Purpose

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.

Eligibility

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.


M. Drip / Sprinkler Irrigation Loans

Purpose

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.

Eligibility

Owners of land. Tenant cultivators can also be considered.

N. Dairy Loan and Raising Crossbreed Heifrs

Purpose
Eligibility

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.

Eligibility

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. 


O. Loans for Construction of Farm Structures

Purpose

Construction of farm structures including storage rooms / godowns / sheds for livestock and farm machinery.

Eligibility

Farmer shall be the owner of the land. Should be economic land holdings having sufficient surplus income from agriculture to repay the loan.

P. Kisan Suvidha

Purpose

  • 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.

Eligibility

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.


Q. Canara Kisan OD

Purpose

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.

Eligibility

Agriculturists having satisfactory repayment record for the past 1 year.

The Scheme is operational only in select branches of the Bank.

R. General Credit Card Scheme (GCCS)

Objective

  • 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.

Purpose

  • Loan can be sanctioned for any general purpose including that of consumption.

Eligibility Norms

  • All Rural / Semi-urban households are eligible irrespective of their activity, whether agricultural or non agricultural and income level.

Loan Quantum

  • Loan quantum shall be 50 % of the net annual income of the entire household.
  • Maximum of Rs. 25000/-. 

Margin

  • No margin shall be insisted

Tenability

Limit extended is of overdraft nature tenable for three years

Security

No security is insisted. No co-obligation / third party guarantee 


S. Krishi Mitra Card Scheme

Objective

  • To provide easy credit to Individual Tenant Farmers, Oral Lessees, Share Croppers and farmers cultivating lands without proper records.

Purpose

  • Cultivation of Crops
  • Maintenance of animals and farm machinery
  • Repairs and replacements of machineries
  • Replacement of animals

Loan Quantum

  • Maximum of Rs. 50,000/- subject to Scale of Finance and a maximum of 50% of the value of the produce.

Tenability

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.

Security

Hypothecation of Crops.

T. Financing Joint Liability Groups of Tenant Farmers

Objective

General Credit Card Scheme has been introduced as an important measure in the area of Financial Inclusion.

Purpose

Cultivation of Crops based on the details of the crops raised by the JLG members

Loan Quantum

Maximum of Rs. 50,000/- per farmer and Rs. 5,00,000/- per group.

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)

Objective

To provide credit for meeting the post harvest expenses of the farmers who have availed KCCS Loans

Purpose

To meet the expenditure towards storing, processing, treatment of food grains, godown charges, etc

Loan Quantum

  • Minimum of Rs. 1,000/-
  • Maximum of Rs. 50,000/- but not to exceed 50% of KCCS Limit / 25% of annual income

Repayment

In 3-5 years in half yearly / annual installments.

Security

Collateral of Securities extended to KCCS Loans.

V. Scheme for Redemption of Debts of Farmers from Non-Institutional Sources

Objective

To provide relief to farmers and remove the debt burden from non-institutional sources.

Purpose

To prepay the debts availed by the farmer from non institutional sources

Loan Quantum

Maximum of Rs. 50,000/- subject to 150% of the Gross Annual Income

Repayment

Within 5 years – in quarterly / half yearly / yearly installments.

Security

Mortgage of Property, if the cumulative loans exceed Rs. 1,00,000/-




W. Gold Loans for Agricultural Purposes

Objective

To provide loans to farmers for various agricultural purposes against the pledge of gold Jewelleries

Purpose

To meet all farm requirement of the farmers

Loan Quantum

Maximum of Rs. 3,00,000/- subject to 80% of the appraised value or per gram limit specified from time to time.

Repayment

Within 12 months

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.
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. 1,00,000, 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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