IDBI BANK
1. Crop Loan with Kisan Credit Card
Credit to Farmers/ Group of farmers for Crop Loan, working capital or investment credit for viable agriculture purpose.
Eligiblity
All Farmers/ Owner cultivators, tenant cultivators and Share croppers / Individual farmer having agreement with institution.
Extent of Exposure
As per scale of finance specific to the crop and KCC norms.
Tenor
The card would be valid for 5 years, of which crop loan and working capital components has to be renewed annually.
Click here to download Application Form
2. PSL Gold Loan Scheme
Assistance to farmers against pledge of gold for meeting the temporary cultivation needs, social obligations and medical emergencies and Small business/ Traders/ Distributors and Self employed professionals for provision of finance for Business needs.
Extent of Exposure
Individuals:- Minimum Rs.10,000 and Maximum Rs.5 lacs.
Tenor
Minimum tenor is 1 month and maximum 24 months
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3.Warehouse Receipt Finance
The bank extends financial assistance to farmers, partnership firms and limited companies against pledge of agricultural commodities. Farmers who want to store their produce in warehouses to avoid distress sale immediately after harvest, Processors/ Traders who want to procure large quantities of produce during the season and process / sell over a period of time and Large processors who wish to store required quantity of commodity for future processing by contracting with sellers can benefit from the scheme.
Eligibility
Individual farmers, Partnerships, Limited Companies.
Eligible commodity
Soya bean, Cotton (including bales), Mustard, Maize, Wheat, Sugar, Paddy, Cashew, Castor, Chilli and Turmeric only
Tenor
Maximum of 12 months from the date lodging commodities or shelf life of the product .
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4. Loan Against Crop Receivables
The Bank grants financial assistance to farmers against the produce hypothecated for providing timely credit with minimum documentation to individuals supplying non-processed crop produce to private and public limited companies.
Eligibility
Individual farmers, Group of farmers, Co-operative Societies, Agents acting on behalf of a group of individual farmers
Eligible Crops
Indicative list of crops covered under the scheme are Cereals, cash crops, fruits, flowers, medicinal/ aromatic plants, vegetables and oilseeds
Loan amount
Corporate: Min. Rs.1 crore; Max. Rs.100 crore
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5. Farm Mechanization
The product aims to give credit for purchase of Farm machinery/Irrigation equipments for agricultural operations. The scheme covers activities ranging from purchase of tractors and accessories, power tillers, combine harvesters, power sprayers, dusters, threshers etc.
Eligibility
For pump set/ Irrigation equipments Farmer should own a minimum of 2 acres of irrigable land. For Farm machinery, following is the Minimum irrigated land
For power tillers – 2 acres
For tractors with power upto 35 HP – 4 acres
For tractors with power above 35 HP – 6 acres
For combine harvesters – 8 acres
Loan Amount
Minimum: Rs.30, 000 /- and maximum: Rs. 30 lakh
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6. Financing Wells
Dug well is one of the major sources for irrigation in India. Bank provides loan for various purposes, which include:-
Sinking of new wells
Deepening / renovation of existing well
Bore well / tube well
All categories of farmers including small, marginal and other farmers are eligible for finance. Unit cost recommended by NABARD will form the basis, for deciding loan amount
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7. Financing Minor Irrigation Schemes
Bank provides financial assistance for exploitation of ground water (sinking of well), water lifting devices and distribution arrangement also. The target group is all types of farmers (small / marginal / other farmer) either individually or alongwith co-owner of the land.
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8. Lift Irrigation Schemes
A group of farmers, lift irrigation societies, SHG, companies etc., can avail loan from bank under this product. Minimum 5 persons can form a lift irrigation society and approach bank for financial assistance.
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9..Loan For Purchase of Land
Govt. is encouraging consolidation of land. As part of this, term loan is available to the tune of Rs. 50000/- to Rs. 10 lakhs to individual Small Farmers/Marginal Farmers/Share cropper/ Tenant farmers for purchase of land. Loans given to individual farmer to make the small and marginal holding economically viable and to bring fallow and waste land under cultivation and to step up agricultural production and productivity. Loan will be in the form long term in nature with maximum period of 9 years including 2 years moratorium.
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10. Loan For Land Development
Land Development aims to convert fallow/ barren or uncultivable land into cultivable. This includes land leveling, land reclamation etc. Individual farmer with good repayment record is the eligibility criteria. Loan quantum will be considered on the basis of engineers estimate engineers certificate as per government-scheduled rate.
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11.Horticulture & Forestry Development Loans
The bank extends financial assistance to individual farmer or group of farmer for the Activities relating to the establishment/ maintenance of the Nurseries of ornamental plants and trees, orchards and quick growing trees and shrubs. Indicative list of activities are Grafting, Layering, Budding, construction of fence, Purchase of planting materials, Preparation of land, seeds and seedlings, fertilizers, pesticides etc.
Eligibility
Individuals and group of farmers
Tenor
Fixed based on the gestation period of different crops.
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12. Loans For Bullock Pair & Bullock Cart
IDBI Bank grants term loan to farmer Small, Marginal and Other Farmers /Agricultural and landless labourers for purchases of Bullock pair with Bullock cart. Bullock pair with cart is beneficial for various farm operations, transportation and marketing of farm produce etc. Loan amount is sanctioned on the basis of NABARD Unit cost. Repayment period is 4 to 5 year including 3 months gestation period. Repayment will be half yearly / yearly installments. Rate of interest is below BPLR for loan upto 2 lacs.
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13. Two Wheeler Loan To Farmers
IDBI Bank grants term loan upto Rs. 50000/- for purchase of two-wheeler to the farmers with an objective to supervise agricultural operation in time to increase mobility of farmer and timely access to the market.
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14. Bio Gas
In view of the growing energy crisis, there is need for developing new as well as renewable sources of energy. National Programme for Bio-gas Development was implemented for this purpose by government. Expenses on construction of biogas chambers of steel gasholder and even construction of latrine, if attached are recommended for financing. Many agencies, such as Z.P. / State Govt./ Central Govt. are providing subsidy, which is treated as margin for the loan.
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15. Dairy Loans
Credit for Individuals and group of farmers for Purchase of high yielding milch animals (Cattle: Indigenous breed like Gir, Tharparker, etc. and exotic breeds like Jersey, Holstein fresian, etc. and in case of Buffaloes: Mehsana, Jafarbadi, etc.), Construction of cattle shed, Purchase of dairy equipments, chaff cutters, etc and expenditure incurred for transportation of animals where the animals are not purchased locally.
Eligibility
Individuals and group of farmers experienced in Dairy farming and are actively engaged in such activity.
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16. Poultry Farming
Poultry activity in India is graduated from backyard farming to Hi-tech, environmentally controlled poultry. The Bank is providing loans to all activities of poultry farming i.e. Layer farming, Broiler farming and Hatcheries.
Eligibility
The entrepreneur should have thorough knowledge of poultry farming substantiated by training certificate/ experience certificate etc. The backward linkages like suitability of climates, availability of day old chicks, water and veterinary services will be the pre-requisite.
Loan amount will be decided by unit cost recommended by NABARD.
Click here to download Application Form
17. Loans For Sheep & Goats Rearing
Sheep and goat rearing is supplementary activity to agriculture. However, independent activity is also commercially viable. IDBI Bank grants term loans of Rs. 50,000/- to Rs. 50 lakhs to individual / Group/ Shepard co-op society / Federation / Limited companies that are experienced and actively engaged in such activity.
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18.Fisheries Loan
Blue Revolution has created good potential for fisheries development in the country. Bank provides finance to fisheries related activities such as Inland fisheries (construction of fish ponds, purchase of seeds, feeds etc.), Marine fisheries (in-shore, off-shore, deep sea fishing) and brackish water scheme. Individual, fishermans, co-op societies, companies can avail loan.
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19. Financing Piggery Unit
Rapid urbanization has created good scope for sale of meat. The supply of canteen waste and vegetable market waste has also helped in development of Piggery units. Bank provides finance to individual, farmer or group of farmers. Applicant should have adequate land, water and other backward linkages available knowledge of pig rearing will be pre-requisite.
The loan is available for purchase of pigs, construction of shed, utensils, labour quarter etc, project loan is also available for farmer propose to start a unit with exotic breeds.
Click here to download Application Form
20.Loan For Silk Production(Sericulture)
Sericulture is a composite activity. This includes cultivation of mulberry plants and rearing of silk worms. Bank provides term loans for silk production activities right from cultivation of mulberry plants, rearing of silk worms processing of silk, reeling and weaving of silk cloth, silk sarees etc. Experienced Small Farmers / Marginal Farmers / Other Farmers and trained individuals are eligible. Application provided by Tie-up arrangement for marketing and repayment will be preferred.
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21. Bee Keeping Madhu Makshika Palan (Apiculture)
IDBI Bank offers term loans to individuals farmers / non-farmers, group of farmers, SHGs, NGO, Partnership / proprietary firm, co-op. Societies. Loan is granted for the purpose of setting up of units for production of Honey. Back ended subsidy is available from DRDA / KVIC / KVIB. Loan will be required to be repaid between 5 to 7 years by quarterly / half yearly installment inclusive of 11 months gestation period.
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22. Loan For Construction & Running Storage Finance
The bank extends financial assistance to individual farmers, Public & private limited companies, APMCs, Dealers, Traders for construction and running of storage facilities (warehouse, market yards, godowns, and silos), including cold storage units designed to store agriculture produce/ products, irrespective of location
Eligibility
Individual farmers, Group of farmers, NGO's, Association of Growers, Partnership/ Proprietary Firms, Private & Public Limited Companies, Corporations, Cooperative,APMCs, Marketing Boards/ Committees.
Loan Amount
Minimum Rs.1 lac; Maximum Rs.20 Crore
Tenor
Not to exceed 9 years including max. Moratorium of two years.
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23. Agri Clinic & Agri Business Centers (ACABCs)
The bank grants term loans to Certified Agricultural or Allied Graduates like Horticulture, Forestry, Dairy Technology, Veterinary, and Fisheries, from a reputed Institute of State Government/Central Government for setting up ACs (Agri Clinics) and ABCs (Agri Business Centers)
Eligibility
Graduates in Agriculture and allied activities trained by MANAGE recognized Training Institutes (MRTIs) intending to set up Agri Clinics and Agri Business Clinics.
Tenor
Tenor is for 5 to 10 years (including moratorium of a maximum of 2 years).
Click here to download Application Form
24. Dealer Finance Program
The Product aims to offer Term loan /overdraft (OD) / cash credit (CC) to eligible entities. The loan facility is extended to promoter of venture who is well experienced in the line of business for last 3 years and should be in concerned business for a minimum of 5 years and carrying on business at the existing location for a minimum of 3 years.
Eligibility
Dealers in agri inputs.
Dealers of inputs of Agri & allied activity.
Dealers in agri machinery.
Dealers in irrigation systems.
Arthias/ Commission Agents.
Dealers in essential commodities.
Dealers in mineral oils.
Loan amount
Loan amount ranges from Rs.10 lacs to Rs.500 lacs
Tenor
Tenor of loan for OD/CC is one year and for term loan is upto 3 years.
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25.Hi-Tech Projects in Agriculture
Process of globalization has given an opportunity to Agriculture sector to be a highly commercial proposition. As against conventional methods of agril Project High technology in Agriculture evolved by scientist proved to be a profitable venture. IDBI Bank provides term loan and cash credit finance to such high tech projects, such as Tissue Culture, Green –house technology, floriculture, cold storage, mushroom cultivation, Aqua culture, Hybrid seed production etc. Individuals, and group of farmers and trained, experienced actively engaged in such activity companies etc. are the eligible entities. The assessment will be on project-to-project basis.
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26. Contract Farming
The bank grants financial assistance to individual farmers / group of farmers, co – operative societies etc. identified by companies that include partnership firms, societies, trading units and other corporate engaged in Agribusiness for the purpose of supply of inputs, technical know how etc to their contracted farmers.
Eligibility
Individual farmer, Group of farmers, Co-operative Societies, (hereinafter collectively referred to as farmer unless specified otherwise) identified by companies that include Partnership-firms, Societies, Trading units & other Corporates engaged in Agribusiness.
Tenor
Case to case basis varies (12 Months & 24 Months)
Click Here to download Application Form
27. Lending to Micro Finance Institution (MFI)
The product aims to provide financial assistance to large and medium scale MFIs having considerable experience in managing micro credit programmes, high growth potential, good track record and professional expertise.
Eligibility
The eligible criteria are registered entities including societies / trusts / companies / NBFCs collectively termed as MFIs
The MFI has been in existence for at least five years and /or it has a demonstrated track record of running a successful micro-credit programme at least for the last three years.
Extent of Exposure
Minimum – Rs. 50 Lac.
Maximum – Rs. 100 Crore.
Tenor & Repayment Schedule
Minimum tenure:- 1 year.
Minimum tenure:- 5 years.
The repayment is to be made in monthly/ quarterly installment.
Click Here to download Application Form
For further information Click here
Source
http://www.idbi.com |
