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TNAU Agritech Portal :: Banking & Credit

SYNDICATE BANK

1. SYND RICE MILLS 
  Purpose
  • Existing profit making units and new units subject to satisfactory rating under the rating system of the bank.
  • Takeover of proposal of good unit is also entertained subject to take-over norms of the Bank.
  • Term loans extended for acquisition of machinery / construction of factory 
    building for modernization/ expansion.
2. SYND SWARNA  
   
  • Term loans / Overdraft limit can be granted for all purposes.
3. “SYNDJAIKISAN”
  Purpose
  • Farm related activities
  • Contingencies
  • Redemption of high cost private debt
  • Consumption purposes. Ect.,
4. JEWEL LOANS FOR AGRICULTURE (JL Agri)
  Eligibility Agriculturists
5. SYNDICATE FARM HOUSE SCHEME  
  Purpose Decent dwelling house which also takes care of other requirements such as
  • cattle shed,
  • drying yard,
  • Farm implements shed.
6. FARM MECHANISATION SCHEMES  
  Purpose Medium to long term loans are extended to farmers for farm missionaries like
  • Purchase of Tractors.
  • Power Tillers and Small H.P. Tractors.
  • Combine Harvesters. Ect.,
 7. FINANCE FOR HI-TECH AGRICULTURE  
  Purpose Medium to long term loans are extended for
  • Tissue Culture and establishment of Green Houses.
  • Mushroom Production and Processing.
  • Production of Fruits, Vegetables and Cut flowers.
  • Export of Horticultural Products. Ect.,
8. DEVELOPMENT OF IRRIGATION INFRASTRUCTURE  
  Purpose
  • Construction of Open Wells, Borewells, Tubewells, Check dams, Irrigation Tanks and Pump sheds.
  • Repair of Existing Wells.
  • Laying out Pipeline, Sprinkler and Drip Irrigation system.
  • Lift Irrigation projects. Ect.,
9. TENANT FARMERS LAND CULTIVATION LOAN SCHEME
  Purpose
  • To meet the crop production requirements as per Micro-Credit Plan (MCP) of the group.
  • Other need based credit to meet the expenses, contingent to cultivation of crop.
  • Maximum ceiling: Rs. 2.50 lakh per group with a ceiling of Rs. 25000/- per member including a limit of Rs. 2500/- for meeting the expenses contingent to crop production.
10. LAND DEVELOPMENT SCHEMES  
  Purpose
  • Levelling of Land.
  • Contour Bunding and Terracing.
  • Land reclamation and to treat Acid and Alkaline soils.
  • Surface and Subsurface Drainage System. Etc.,
11. PURCHASE OF LAND FOR AGRICULTURAL PURPOSE
Purpose
  • Loans given for purchase of fallow lands, waste lands and to bring them under cultivation to improve the income and productivity of Small/Marginal farmers and Agricultural Labours.
12. SYNDICATE 2/3/4 WHEELERS SCHEME  
Purpose
  • Financial assistance available for Purchase of 2/3/4 wheelers.
  • Medium term loans are extended for purchasing.
  • Two wheelers such as Scooter / Motorcycle / Mopeds.
  • Pickup vans, Luggage carriers, Cars, Jeeps and Vans.
13. ANIMAL HUSBANDRY SCHEME  
Purpose
  • Eligible purposes include Purchase of quality Animals, feeds, Equipments and machinery such as Deep freezers etc.
  • Construction of Cattleshed and silage.
  • Establishment of Mini Milk Processing Plant, Calf Rearing units.
  • Establishment of Broiler and layer poultry Farms, hatchery units.
14. SYNDICATE KISAN CREDIT CARD (SKCC)
Purpose
  • For meeting expenditure connected with cultivation of various crops, maintenance of small dairy / poultry units, non farm activity and consumption needs to some extent.
 
15. Scheme for Water Harvesting “During the 10th Five Year Plan ,GOI had launched a scheme for Water Harvesting For the benefit of SC/ST category borrowers with a component of subsidy.The scheme was closed by 31.03.2007. Our bank is continuing implementation of the scheme however without the component of subsidy and it is made applicable to all category of borrowers.”
16. Synd Kisan Sathi
  • It is a debt swap product for farmers to redeem their high cost debt with money lenders with a condition that they do not create fresh debts with money lenders.
  • For farmers the maximum loan amount shall be Rs.1,00,000/- per borrower.

 

OTHER SCHEMES

1, SYNDICATE KISAN SAMRUDHI CREDIT CARD (SKSCC) SCHEME

Syndicate Bank introduced Syndicate Kisan Samrudhi Credit Card (SKSCC) Scheme. The objective of the scheme is to meet crop production, consumption and investment credit needs of the farmers with single point of appraisal and documentation.  Personal Accident Insurance cover is also extended.

The salient features of the scheme:

  • Single point appraisal and documentation for crop production, consumption and investment credit needs of the farmers and hassle free operations in the account. 
  • The validity of the limit is five years.
  • Investment credit requirement of medium term maturity of not more than five years are met.

2, SCHEME FOR FINANCING AGRICULTURAL PRODUCE MARKETING LOAN
Under the scheme, loans up to twice the amount of crop loan or 75% of the value of the produce up to a maximum of Rs.10 lakh are extended. No mortgage is required up to a loan amount of Rs.1.00 lakh and for loans above Rs.1.00 lakh security as applicable to agricultural loans is required.


3, SCHEME FOR FINANCING CONSTRUCTION / RENOVATION / EXPANSION OF RURAL GODOWNS ( GRAMEEN BHANDARAN  YOJANA) 
Bank is extending rural godown loans on liberal terms as follows:

Eligible borrowers:

  • Individuals, Farmers
  • Group of Farmers/Growers
  • Partnership/Proprietary Firms
  • Non Government Organizations(NGOs)
  • Companies, Corporations, Co-operatives
  • Agro Processing Corporations
  • APMCs
  • Self help Groups
  • Federations
  • Marketing Boards etc.

Assistance for renovation of rural godowns will, however, be restricted to godowns constructed by co-operatives only.  


Location and size:

Under the scheme, the entrepreneur will be free to construct godown at any place and of any size as per his commercial judgement except for the restrictions that it would be outside the limits of Municipal Corporation area and be of a minimum capacity of 100 MT and maximum capacity of 10,000 MT. “If a promoter is constructing several godowns at different locations, each godown may be considered as separate project and hence the eligible subsidy to each godown up to a maximum of 10,000 MT storage capacity may be provided even if the bank has sanctioned  loans to all godowns through one common letter, if the godowns are constructed on lands located  at different gatta/survey number and godowns are having separate specifications”  


Pattern of funding:

 

 

Source of finance

Other than NE States, hilly areas, SC/ST entrepreneurs & their co-operatives

 

 

NE States/hilly areas SC/ST entrepreneurs & their Co-peratives

Farmers, Agriculture Graduates, Co-operatives and State / Central Warehousing Corporations

Individuals, Companies and Corporations etc.

Owner’s minimum contribution

 

25%

 

25%

 

20.00%

Subsidy from the Govt.

25%

15%

33.33%

Term loan from Bank

50%

60%

46.67%

Scheme for Development of Commercial Horticulture under National Horticulture Board
The objectives of the scheme are:

  • To develop high quality horticultural farms in identified belts and make such areas vibrant with horticultural activity which in turn will act as hubs for developing commercial horticulture by adopting high-tech horticulture techniques.
  • To develop post-harvest management structure.
  • To improve linkages between horticulture produces and markets.
  • To create integrated network for marketing of horticulture produces.
  • To increase producers’ share in consumer price.
  • To encourage networking of schemes for resource mobilization with all other related agencies/organizations; both of Govt., Financial Institutions and private agencies engaged in the field of horticulture promotion in the country.

Eligible projects:
Projects with any of the following broad criteria pertaining to high quality commercial production of horticulture produce, will be eligible for financial assistance under the scheme with the support of back-ended capital investment subsidy of NHB:

  • High-density plantations, which include adoption of appropriate plant density/canopy management, quality planting material, support and management system with appropriate inputs.
  • Micro propagation (Tissue Culture) for mass production of true-to-type disease free seedlings in shortest time possible.
  • Hi-tech cultivation under controlled climatic conditions i.e. in poly houses, Green houses, net house, etc.
  • Rain-fed production through efficient water management techniques such as mulching for soil moisture conservation, use of barriers in soil to reduce percolation, irrigation by drip, sprinklers, fertigation and water harvesting structures etc.
  • Nursery management for quality seed/plant production of vegetables, flowers, ornamentals, fruit etc.
  • Hybrid seed production.
  • Organic farming.
  • Hydroponics for year-round quality production.
  • Use of plastics in horticulture.
  • Bio-technology.
  • Genetically Modified Organisms (GMOs)

In addition to above, projects falling under the following other broad categories shall also be eligible to finance and avail of capital investment subsidy from NHB under the scheme:

  • Development of infra structure for production, post-harvest handling, processing and marketing.
  • Development of markets and introduction of new primary processing of products.
  • Development of horticulture ancillary industry for improved packaging, equipments, plastics, corrugated boxes, horticulture machinery/tools, etc.

          


Unit Cost:
Unit cost will depend on the type of activity/investment, size of operation and type of technology & equipments. However, the same is indicative and loans will be extended as per actual cost after ensuring that the cost estimates submitted by the borrowers are reasonable.

Production related activities eligible for funding under the scheme:

  • High quality commercial horticulture crops.
  • Indigenous crops/produce, herbs.
  • Aromatic plants.
  • See & Nursery.
  • Bio-technology & Tissue culture.
  • Bio pesticides.
  • Organic Foods.
  • Establishment of Horti-Health clinics/laboratory.
  • Consultancy services.
  • Bee-keeping.

PHM/Primary Processing related activities eligible for funding under the scheme:

  • Grading/ Packing/ Washing/ Waxing/ Sorting/ Drying centres.
  • Pre-cooling units/ Cool Stores.
  • Reefer Van/ Containers (With multi-chamber, multi-product facility).
  • Specialized Transport Vehicles.
  • Retail outlets.
  • Auction platform.
  • Ripening curing chambers.
  • Market yards/rope ways.
  • Radiation Unit/ Dehydration Unit/ Vapour Heat Treatment Unit.
  • Primary processing of products fermentation, extraction, distillation, Juice vending pulping, dressing cutting, chopping etc.
  • Horticulture ancillary industry e.g. tools, equipment, plastics, packaging, etc.
  • Plastic crates, Cartoons, Baskets, Aseptic Packaging & Nets.

Pattern of Subsidy Assistance from NHB:

  • Back ended capital investment subsidy @ not exceeding 20 % of total project cost with a maximum ceiling of Rs. 30 lakh per project in North-Eastern/Tribal/Hilly Areas.
  • Back ended capital investment subsidy @ not exceeding 20 % of total project cost with a maximum ceiling of Rs. 25 lakh per project in other areas.
  • Cost of land shall not exceed 10% of the project cost, if purchased.

Source: http://www.syndicatebank.in

http://www.syndicatebank.in/scripts/AgriculturalLoans.aspx


 

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