Priority

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Agricultural Advances - Direct

Direct loans to individual farmers including Self Help Groups or Joint Liability Groups (JLGs) directly engaged in Agriculture and Allied activities upto Rs. 2.00 crores per borrower for the following activities:

  • Short term loans for raising crops, i.e for crop loans. This will include traditional/non-traditional Plantations, Horticulture and Allied activities
  • Medium & Long-term loans to farmers for agriculture and allied activities (e.g. purchase of agricultural implements and machinery, loans for irrigation and other developmental activities undertaken in the farm, and development loans for allied activities).
  • Loans to farmers for pre-harvest and post-harvest activities, viz., spraying, weeding, harvesting, sorting, grading and transporting of their own farm produce.
  • Pledge loans upto Rs. 25.00 lakhs against pledge/hypothecation of agricultural produce (including warehouse receipts) for a period not exceeding 12 months, irrespective of whether the farmers were given crop loans for raising the produce or not
  • Loans to small and marginal farmers for purchase of land for agricultural purposes.
  • Loans to distressed farmers indebted to Non-Institutional lenders.
  • Bank loans to Primary Agricultural Credit Societies (PACS), Farmers Service Societies (FSS) and Large sized Adivasi Multi Purpose Societies (LAMPS) ceded to or managed/controlled by such banks for on lending to farmers for agricultural and allied activities.
  • Loans to farmers under Kisan Credit Card Scheme.
  • Export credit to farmers for exporting their own farm produce. Loans to Corporates including farmers, producer companies of individual farmers, partnership firms and co-operatives of farmers directly engaged in Agriculture and Allied activities (diary, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to cocoon stage)) with an aggregate of loans upto Rs. 2.00 crores for the activities covered under paragraph I (pt. 1 to pt. 9).

Agricultural Advances - Indirect

  • Loans to Corporates including farmers, producer companies of individual farmers, partnership firms and co-operatives of farmers directly engaged in Agriculture and Allied activities (diary, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to cocoon stage)) with an aggregate of loans in excess of Rs. 2.00 crores for the activities covered under paragraph I (pt. 1 to pt. 9).
  • Loans upto Rs. 5 crores to Producer Companies set up exclusively by only small and marginal farmers under part IXA of companies Act, 1956 for agricultural and allied activities.
  • Bank loans to Primary Agricultural Credit Societies (PACS), Farmers Service Societies (FSS) and Large – sized Adivasi Multi Purpose Societies (LAMPS) other than those covered under paragraph I (Pt. 7). Loans for the following activities covered under Agriculture advances – Indirect;
  • Loans upto Rs. 1 crore per borrower to dealers/sellers of fertilizers, pesticides, seeds, cattle feed, poultry feed, agricultural implements and other inputs.
  • Loans for setting up of Agriclinics and Agribusiness Centres.
  • Loans upto Rs. 5.00 crore to cooperative societies of farmers for disposing of the produce of members.
  • Loans to Custom Service Units managed by individuals, institutions or organizations who maintain a fleet of tractors, bulldozers, well-boring equipment, threshers, combines, etc., and undertake farm work for farmers on contract basis.
  • Loans for construction and running of storage facilities (warehouse, market yards, godowns, silos), including cold storages units designed to store agriculture produce / products, irrespective of the location.
  • Loans to MFIs for on-lending to farmers for agricultural and allied activities as per the conditions specified.
  • Loans sanctioned to NGOs, which are SHG Promoting Institutions, for on-lending to members of SHGs under SHG-Bank Linkage Programme for agricultural and allied activities.
  • Loans sanctioned to RRBs for on-lending to agriculture and allied activities.

Vijaya Kisan Card

Vijaya Kisan Card is a pioneering credit delivery mechanism for providing adequate and timely credit to farmers under single window, with flexible and simplified procedure.

The salient features of the scheme are;

  • To meet the short term credit requirements for cultivation of crops
  • To meet post harvest expenses, produce marketing loan, consumption requirements of farmer household, working capital for maintenance of farm assets and activities allied to agriculture like Diary animals, poultry, inland fisheries etc., payment of insurance premia towards crop/asset/health insurance.
  • Investment credit/term loan requirement for agriculture and allied activities like pump-sets, Sprayers, Diary animals etc.
  • Validity of the card is 5 years with contingency provision to increase the limit by 10% every year.
  • The KCC account holders are issued ATM enabled Kisan Card under RuPay platform.>
  • Personal accident insurance cover is available for Kisan cardholders.
  • All the notified crops in the notified area will be covered under crop insurance scheme (Rashtriya Krishi Bima Yojana).

Vijaya Planters Card

Vijaya Planters Card is a loan product designed in order to meet the working capital needs/short term estate maintenance expenses of coffee and other intercrops like pepper, cardamom, orange etc., in the coffee estate grown by the coffee planters in a more flexible way, through a single account.

The salient features of the scheme are;

  • To meet the short term credit requirements for cultivation of coffee crops and other intercrops grown in coffee estate.
  • The validity of the card is 3 years with contingency provision
  • In order to defer the sale of the produce in anticipation of better price, immediate fund requirement for the current seasons estate maintenance is released.

Vijaya Kisan Tatkal Scheme

It is an instant credit facility to existing Vijaya Kisan Card holders having satisfactory track record for 2 years, to meet their urgent financial requirement for agriculture and domestic purpose/tiding over temporary financial difficulties. Minimum loan amount is Rs.1000/- and maximum Rs.50000/-, subject to a ceiling of 50% of existing Vijaya Kisan Card limit or 25% of annual income, whichever is lower. Security of existing Vijaya Kisan Card limit to continue for this facility. The Loan is Repayable in convenient installments within a period of 3 – 5 years.

Vijaya Krishi Mithra Scheme

A hassle free loan product under single term loan head, meeting multiple investment/ development credit requirements of the farmers such as Farm Mechanization, Land Development, Minor Irrigation Allied activities and other Agri-related activities. The quantum of loan is assessed based on the investment plan given by the farmer for the next 2-3 years, subject to five times of Pre-development Annual Income of the farmer or 50% of the value of land mortgaged, whichever is lower, with a maximum cap of Rs.20 lakh. Repayment period up to 9 years with suitable installments coinciding with the overall income generation of the farmer, without linking to any individual project.

Produce Marketing Loan

In order to discourage distress sale by farmers and to encourage them to store their produce in warehouse against warehouse receipts - Loans upto Rs.25 lakhs is granted to farmers, repayable in 12 months against hypothecation/pledge of agricultural produce including Warehouse receipts.

Micro and Small Enterprises - Direct

  • Loans upto Rs. 2.00 crores per borrower/unit to Micro and Small Enterprises engaged in providing or rendering of services.
  • Loans to Micro and Small Manufacturing Enterprises engaged in the manufacture or production of goods with investment in plant and machinery upto Rs. 5.00 crores.
  • Loans to food and agro based processing units.
  • Export credit to MSE units (both manufacturing and services) for exporting of goods/services produced by them.
  • Loans sanctioned to Khadi and Village Industries sector.

Micro and small Enterprises – Indirect

  • Loans to persons involved in assisting the decentralized sector in the supply of inputs and marketing of outputs of artisans, village and cottage industries.
  • Loans to co-operatives of producers in the decentralized sector viz., artisans, village and cottage industries.
  • Loans sanctioned to Micro Finance Institutions (MFIs) for on-lending to MSE sector as per the conditions specified by RBI for extending credit to MFIs.

Education Loans

Educational loans granted to individuals for educational purposes upto Rs.10.00 lakh for studies in India and Rs.20.00 lakh for studies abroad.

Housing Loans

  • Loans to individuals upto Rs. 25.00 lakhs in metropolitan centres with population above ten lakh and Rs. 15.00 lakh in other centres for purchase/construction of a dwelling unit per family.
  • Loans for repairs to the damaged dwelling units of families upto Rs. 2.00 lakhs in rural and semi-urban areas and upto Rs. 5.00 lakhs in urban and metropolitan areas.
  • Bank loans to any government agency for construction of dwelling units or for slum clearance and rehabilitation of slum dwellers subject to a ceiling of Rs 10.00 lakh dwelling unit.
  • Loans sanctioned by banks for housing projects exclusively for the purpose of construction of houses only to economically weaker sections and low income groups (family income limit of Rs. 1,20,000 per annum, irrespective of location) the total cost of which does not exceed Rs. 10.00 lakh per dwelling unit.

Advances To Weaker Sections

Weaker section under priority sector shall include the following

  • Small and marginal farmers with landholdings of 5 acres and less, landless labourers, tenant farmers and share croppers
  • Artisans, village and cottage industries where individual credit limits do not exceed Rs.50,000/-
  • Beneficiaries of SGSY/NRLM (National Rural Livelihood Mission)/SCs/Sts/SJSRY
  • Beneficiaries of Differential Rate of Interest (DRI) scheme.
  • Beneficiaries under the Scheme for Rehabilitation of Manual Scavengers (SRMS)/SHGs
  • Loans upto Rs 50000/- to distressed poor to prepay their debt to informal sector, against appropriate collateral or group security.
  • Loans granted under (1) to (6) above to persons from Minority comminuties as may be notified by the Govt. Of India from time to time.
  • Loans to individual women beneficiaries upto Rs. 50000/- per borrower.

Other Priority Sector Advances

  • Loans, not exceeding Rs. 50000/- per borrower provided directly by banks to individuals and their SHG/JLG, provided the borrower’s household annual income in rural areas does not exceed Rs. 60,000/- and for non – rural areas it should not exceed Rs. 1,20,000/-.
  • Loans for General Purposes under General Credit Cards (GCC)
  • Overdraft, upto Rs. 50000/- (per account), granted against ‘no-frills’/basic banking/savings account provided the borrowers household annual income in rural areas does not exceed Rs. 60,000/- and for non-rural areas it should not exceed Rs. 1,20,000/-.
  • Loans sanctioned to State Sponsored Organizations for Scheduled Castes/Scheduled Tribes for the specific purpose of purchase and supply of inputs to and/or the marketing of the outputs of the beneficiaries of these organizations.
  • Loans sanctioned to banks directly to individuals for setting up off-grid solar and other off-rid renewable energy solutions for household.

Solar Water Heating Systems

As per the scheme two types of water heating systems Viz. Flat Plate Collector based system and Evacuated Tubular Collector based system are eligible for inclusion under the scheme. Both the models are eligible for subsidy or soft loan from the Bank depending upon the type of users and location of the projects. Theentrepreneur will have the option either to avail capital subsidy or softloan from the Bank at concessional rate of interest at 5 % p.a. Theentrepreneur, who opts for availing soft loan at 5 %, cannot avail capitalsubsidy and vice versa. The subsidy under JNNSM is applicable on solarwater heating systems installed on or after July 2010.

Solar Lighting Systems

Under the Capital Subsidy Scheme for Solar Lighting and Small Capacity Photovoltaic Systems of JNNSM, only models approved by MNRE will be eligible for coverage. The capital subsidy will be limited to 40% of the total Financial Outlay. The list of approved manufacturers is available on the MNRE website http://mnre.gov.in/list/list-manufacturers-refinancing-jnnsm.pdf.

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