Scheme for Combined Harvesters
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Kisan Gold Card Scheme
Purpose
Purchase of Agrl.implements, Bullocks and carts, Land Development, repairs to Farm machinery and meet the consumption needs of the farmers viz. Education, Marriage etc.,
Eligibility
Farmers having excellent repayment of their ACC / ATL a/cs for the past 3 years irrespective of their land holdings
Quantum of Loan
- Five times the annual income or 50% of the value of land mortgaged as collateral security whichever is less with a maximum of Rs.10 lacs
- Loan for consumption purpose should not exceed 50% of the total limit
Margin
20% and 30% (Consumption purpose)
Interest
As applicable to ATLs
Repayment
Each loan has its own repayment schedule with a maximum of 6-7 years
Other terms
This facility is in addition to KCC limit and treated as ATL a/cs (maximum of 5 a/cs), consumption purpose ATL is treated as clean Term Loan
Kisan Credit Card Scheme
Purpose
To meet the timely Cash Credit and Consumption credit requirements of the farmers
Eligibility
- All farmers
Quantum of loan
- Entire crop production requirements for full year is fixed based on operational land holding, cropping pattern and scale of finance.
- Ancilliary to crop production viz. maintenance of Agri-machiney implements, electricity charges also may be considered.
- Contingency requirement to an extent of 20% of the peak credit limit for expenses like Medical, Education, Marriage, Funerals, Birth and other religious ceremonies
Drawing power
Appropriate drawing may be fixed based on seasonality in credit requirements, projected cash flow / repayment , peak level requirement
Repayment
KCC is like revolving cash credit limit valid for 3 years subject to annual review. Repayment to coincide with harvesting / marketing. Any number of withdrawals and repayment within the limit allowed
Credit card
A credit card cum pass book issued to the farmer borrower
Mode of withdrawal
Withdrawal slips
Other terms
As applicable to Agricultural Advances
Purpose
Erection of rural godowns for storing farm produce to prevent distress sale by the farmers immediately after harvest
Individual farmers / group of companies / growers partnership proprietary firms, NGOs, SHGs, Companies, Co-operatives, Agro-processing co-op societies, Marketing Boards and Agro processing corporations
- Minimum size of godown 100 MT cost Rs.2 lacs
- Maximum size of godown 10,000 MT cost Rs.150 lacs
- Subsidy is back ended and will be released in two instalments by NABARD.
- 25% of capital cost of the project subject to a maximum amount of Rs.37.50 lacs for certain category of borrowers.
- 33% of capital cost of the project subject to a maximum amount of Rs.50 lacs for certain category of borrowers.
Scheme for Combined Harvesters
Purpose
To enable the farmers to acquire combine harvesters for timely completion of harvesting/threshing and winnowing operations of crops like paddy, wheat, soyabean, economy on labour charges and lucrative income by way of custom(hiring) service
Eligibility
- Farmers, individuals as well as co-owners actually cultivating the land (a minimum of 8 acres irrigated land,corresponding acreage for other types of land)
- Non-farming entrepreneurs capable of utilising combine harvester for custom hiring work
Quantum of loan
90% of the cost of the combine harvester with accessories
Margin
10% of the cost of the combine harvester with accessories
Cost of the Combines
- Self propelled track version Rs.14 lacs (approx)
- Self propelled wheel version Rs.9 lacs (approx)
- Tractor mounted wheel version Rs.3.30 lacs (approx)
The cost may vary depending on make/plan and other factors
Insurance
Combines should be comprehensively insured against all risks for its full cost. Policy to be assigned in Bank's favour
R.T.O :Combines should be registered with the RTO and also Bank's charge noted in the RTO and the registration book
Repayment
5 years
Interest
13.00%
Other stipulations
Models of combines tested by CFMTTI, Budni, MP, FMTTI Hissar will only be eligible with BIS code IS:9164:1979
Kisan Chakra Scheme
Purpose
Purchase of vehicles viz. two wheelers, four wheelers carriage van, maxicabs, jeep, car, lorry, truck, etc. for supervising agricultural operations / management of the farm / estate and for transportation of agricultural produce, inputs, labour etc.
Eligibility
- Agriculturists cultivating his own land or engaged in allied activities such as dairy, poultry, sericulture, fish farming etc.
- Persons engaged in production / distribution of agricultural and allied commodities
Quantum of loan
An upper monitoring ceiling of Rs.5 lacs is fixed for the scheme
Margin
15-25% (minimum of 25% for MCVs/ACVs)
Interest
As applicable to ATLs
Repayment
3-5 years in monthly / quarterly / half yearly depending upon income generation
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Agricultural Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.375;22353460
Fax: 91 80 22283684
email:
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