Agricultural Loan

     
 

The following are the different Government Scheme implemented by our Bank under
Agriculture and Allied to Agriculture Sector

KCC Scheme:
The Bank has launched the Kishan Credit Card Scheme for the benefit of the Farmers under direct finance w.e.f. 01.04.2000

Objectives:
The scheme aims at adequate and timely support from the Banking system to the Farmers on the basis of their land holdings for their cultivation needs including purchase of inputs in a flexible and cost effective manner. The Farmers will be free from visiting off and on at the particular Branch on each occasion for availing Short Term Farm Loan for a period of Three years except for annual review.

Eligibility: The KCC should be extended to farmers -
i) Having proven track record of repayment and land within the Area of the Branch.
ii) Who are potential customers and one having land within the Area of the Branch.
The Scheme is, however, not available to defaulters, either to our Bank or other Banks/Institutions. The KCC will be issued to farmers who are eligible for sanction of production credit depending upon their cultivation requirements. The farmer should apply for sanction of KCC in Bank's prescribed form.

ST CROP LOAN THROUGH GPSS/ LAMPS:
The Bank is catering-to the need of Short Term Agricultural credit through its adopted GPSS & LAMPS in a large scale. At present the Bank is having 519 nos. of GPS/LAMPS under its so adoption. Bank is extending crop loan finance to the eligible members of such societies to boost up economic condition as well as to increase the self dependency of the rural masses.

CROP Insurance Scheme :
The Bank has been taking utmost efforts to offer relief to the farmer Against damage of crops by natural calamities by ensuring coverage under Crop Insurance Scheme to Loanee farmers under National Agricultural Insurance Scheme(NAIS) of Agriculture Insurance company of India(AICI) Ltd. from 2003-04.

Medium Term -Loan :
Similarly the Bank is issued Medium term loan to rural farmers & Artisans. The Bank is financing MT Loan against Schemes of Allied sector sponsored by NABARD under (1) Dairy Entrepreneurship Development Scheme (DEDS), (2) Pig Development and (3) integrated Development of Small Ruminants & Rabbits.* The Bank also financing Scheme under Fishery, Poultry, Duckery, Power Tiller, Tractor etc.

*Refer DAAA Circular No. 1, 2 & 3 of 2011 dated. .07/01/2011

SGSY Scheme:
The Bank is taking active part in extending finance to the beneficiaries of Govt.sponsored Swarnjayanti Gram Swarozgar Yojana(SGSY) Scheme.

Scheme for Development/Strengthening of Agriculture Marketing Infrastrucure grading and Standardization:
This scheme has been formulated to develop marketing infrastructure in the country to cater to the post harvest requirement of production and marketable surplus of various farm products. This scheme is reform linked and assistance for development of infrastructure projects is provided for setting up of agriculture markets in private and co-operative sectors and allows direct marketing and contact farming.

Scheme for Development/Strengthening of Agriculture Marketing Infrastrucure grading and Standardization:
This scheme has been formulated to develop marketing infrastructure in the country to cater to the post harvest requirement of production and marketable surplus of various farm products. This scheme is reform linked and assistance for development of infrastructure projects is provided for setting up of agriculture markets in private and co-operative sectors and allows direct marketing and contact farming.

*Refer DAAA Circular No. 22 of 2007 dated.30/ 09/ 2007

Capital Investment Subsidy Scheme for Commercial Production Unit of Organic inputs under “National project on organic farming”:
In view of the creasing and indiscriminate use of synthetic fertilizers and pesticides and deteriorating soil health and productivity, the concept of organic farming is gaining importance world over. The present day intensive agriculture has witnessed soil fatigue, yield stagnation, declining soil organic matter and low fertilizer use efficiency. In order to arrest further deterioration of soil-health, emphasis is being given to promote organic farming which is the holistic production management system based on basic principle of minimizing the use of external inputs avoiding the use of synthetic fertilizers and pesticides. In view of the above and also in the context of the global thrust on organic farming practices and the environmental safety, there is a felt need in the country to augment the production of quality organic inputs to cater the needs of the growing demand of plant nutrients in our country. Accordingly, Capital Investment-subsidy Scheme for Commercial Production Units for Organic Inputs Under "National Project on Organic Farming" has been introduced and the Bank has extended finance under this scheme.

* Refer DAAA Circular No 21 0f 2007 dated 28/92007

 

Micro finance:
Self Help Group(SHG) Bank linkage programe is in operation in our country since few year past. The main object of the programe is to provide Micro Finance to the poor rural, semi urban and urban area for enabling them to improve their living standard by generating income through employment of very small fund in different services and productive activities. The Bank hitherto extending Micro Credit directly to SHG since 2001. Considering the present growth of SHGs and demand for Micro credit in the state and also the conveniency in issue & recovery of such a huge number of Micro Credit with limited infrastructure. Bank has adopted the system of extending micro credit to NGO/mFIs for onlending to SHGs/JLGs. According to this model Bank extents bulk credit to NGOAIFI for on-lending to their eligible SHG's/JLGs and SHG's/JLGs shall finance their eligible members.

The Model (Bank-NGO/mFI-SHG-members Refer DAAA Circular No 4 of 2005 dated' 05/04/2005'

Joint Liability Groups (JLG):
NABARD has designed a new system of lending under group approach with limited number of members named Joint Liability Group(JLG) It is one of the innovative credit products and delivery system which help Banks to improve credit flow with advantage of low default risk, low transaction cost relating to appraisal, monitoring etc. This programme is basically designed for mid-segment of rural areas for facilitating Bank credit without Collateral for implementation of various economic activities under group mode for economic growth of their members. Under this system mid-segment clients are to form a small group voluntarily and each member of such group is eligible for Bank credit but all members are jointly severally liable for payment of their dues. The Bank has been extending finance to large number of JLGs either directly or through NGO/mFI

Refer DAAA Circular No 21 of 2008 dated '22/10/2208

Adoption of GPSS/LAMps :
Under two tier short term co-op. credit structure of the state , out of 755 Nos. of Total Socs., 5lg (4g4Nos. GPSS and 25Nos. of Lamps) are presently under adoption of our Bank. The Bank has already decided to adopt all the GPSS & LAMPS of the State without taking their present liabilities in phase manner.

Refer DAAA Circular No 2 of 2008 dt 29/01/08

 

 

.
 
    Top
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
2012 The Assam Co-operative Apex Bank Ltd. All rights Reserved Powered by redpanchi