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ICICI BANK
1 . Farm Equipment Loans
2. Farmer Finance
3. Retail Warehouse Receipt Based Finance
4. Aquaculture Finance in Andhra Pradesh
5. Program for funding subsidy linked long term horticulture projects
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Preferred financier for almost all leading tractor manufacturers in the country.
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Financing farm equipments in over 381 locations spread across the country.
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Fast processing of files with easy documentation.
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Flexible repayment options in tandem with the farmer's seasonal liquidity.
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Monthly, Quarterly and Half-yearly repayment patterns to choose from.
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Comfortable repayment tenures from 1 year to 6 years.
Loan Amount: 
The loan amount varies from customer to customer depending on the eligibility criteria. We fund a maximum of 85% of the cost of the tractor, and 50% of the cost of the Trolley.
Documentation:
For further details Click here
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Eligibility:
Agricultural Users:
Any individual aged above 18 years at the beginning of the tenure and below 65 years by the end of the tenure; involved in agriculture for the last 5 years.
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Having minimum of 2 acres of unirrigated land or min of 0.5 acres irrigated if it is risk-sharing and minimum of 2 acres irrigated & 5 acres non-irrigated land if it non risk-sharing
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Staying in the same place for at least 3 years.
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Should not have defaulted on earlier loans taken (if any)
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Should have good reputation
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Should be able to provide the necessary documents required for processing of loans
Loan Amount:
The loan amount varies from customer to customer depending on the type of loan, the valuation of the land being mortgaged, cost of cultivation, income of the customer and tenure desired for.
Loans for the following purposes will be available to the customer: 
- Crop loan
- Personal Loan
- Vehicle loan
- Dairy loan
- Land Development Loan
- Poultry Loan
Guarantor:
Documentation:
Loan Approval:
For further details Click here
3.RETAIL WAREHOUSE RECEIPT BASED FINANCE
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Borrower Eligibility:
- Farmers
- Agri-enterprises/Processors
- Traders
Eligibility criteria for (WMA):
- Commodity intermediary/Warehouse owner/ End user of the commodity
- Minimum 2 years nativity and business continuity
- Good market reputation
- Good network with traders and farmers
Loan Amount:
For farmers, maximum up to Rs. 1.0 million
For Traders/Processor/Agri enterprises, maximum up to Rs. 50.0 million
Documentation:
For further details Click here
4. AQUACULTURE FINANCE IN ANDHRA PRADESH
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Farmer Selection Criteria:
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Any individual aged 18 years or above at the beginning of the tenure and below 65 years by the end of the tenure. If the applicant is having age of more than 65 years at the time of maturity of the loan then his blood relative to be taken as co-applicant.
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The farmers should be cultivating freshwater fish on his own or leased land with existing infrastructure required. In case of joint ownership of the land (other than leased land), all co owners shall be taken as co applicant.
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The farmer should have minimum 10 acre of water spread area of pond under aquaculture farming.
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The borrowers should have minimum vintage of 5 crop cycle of aquaculture (fish production).The vintage shall be validated from Water Tax Receipt / Certificate by Village revenue officer / old lease agreement.
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The farmer should have formal lease land agreement with all the landlord for at least 3 years from the date of sanction. He should be already doing fish cultivation on his own land and has taken leased land for expansion purpose.
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The borrower should not be facing any litigations which have been initiated by other lenders.
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At least two market references for applicant from supplier/ trader or any other business associate should be documented.
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The borrower & its promoters/ directors in case of corporate borrower, or directors of its holding company or any of its subsidiary companies should not be a director of ICICI Bank
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The farmer needs to have the registration form from the District Collector for undertaking aquaculture.This feature would be applicable only for new ponds, where fish cultivation is going to happen first time.
Loan Amount:
- Loans are for the cultivation of Freshwater Fishery in existing infrastructure.
- It will be Rupee working capital Term loan / Overdraft Facility
- Loan amount should be based on the total water spread area and not the total area of the tank
Documentation:
For further details Click here
5. PROGRAM FOR FUNDING SUBSIDY LINKED LONG TERM HORTICULTURE PROJECTS
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Eligibility:
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Any individual aged 18 years or above at the beginning of the tenure and below 65 years by the end of the tenure. If the applicant is above 65 years, one of the legal heirs should sign as co-borrowers.
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The purpose of the loan should be for commercial cultivation of NHB subsidy linked long-term horticulture crops along with irrigation infrastructures like drip irrigation sets.
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The farmer having Letter of Intent (LOI) from National Horticulture Board (NHB)for the mentioned project will be eligible
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The borrowing farmer should have a minimum land holding of 5 acres Irrigated Agriculture Land under Horticulture (Irrigation shall be through other than rain fed water).
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The borrowing farmer or any of his/her close relatives must own land; “close relative” defined as parent, spouse, brother or son.
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The borrowing farmer should be able to provide the necessary documents required for processing of loans.
Loan Amount:
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The loan amount varies from customer to customer depending on the project cost.
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Individual term loan amount will be maximum 60% of the total project cost.
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Loans are for the cultivation of horticulture crops like Mango, Aonla, Mosambi, Sapota, Pomegranate, Lemon, Guava, Pine apple, Orange, Grapes, Banana, Papaya ,Ber, Fig, Litchi along with irrigation infrastructures like drip irrigation sets.
Guarantor:
Loan Amount:
Documentation:
For further details Click here
Source: http://www.icicibank.com |
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