Crop Finance Objective and Purpose:
a) The objective of the scheme is to meet genuine short term crop production credit requirements of farmers to enable them to undertake crop cultivation on modern lines so that they can increase their farm production and productivity level.
b) Finance can be considered for the following purposes:
i) Purchase of hybrid / improved seeds, fertilisers, manures, insecticides, pesticides, weedicides, etc.
ii) Hire charges of tractor and other farm machinery / implements, wages of hired labour, irrigation charges / cost of fuel or power for running pumpsets, etc.
iii) Advance for storing the harvested produce for sale.
c) Advance for cultivation of commercial crops including horticulture and plantation crops.
d) Farmers can also be financed for multiplication of hybrid / high yielding varieties of seeds.
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Eligibility:
a) Individual farmers, registered partnership firms, companies, registered farming co-operative societies who own / possess agricultural land as owner, registered tenants or sharecroppers with recorded rights are eligible for finance.
b) They should be progressive and willing to adopt modern cultivation practices.
c) Farmers who are members of co-operative societies ceded to us, may be financed for crop production through such societies.
d) In case of seed multiplication programmes, the proponent farmer should be an owner cultivator with good land and assured irrigation facilities. He should be well experienced in seed production techniques. His experience and performance may be verified from the agency which supplies him the foundation seed and purchase the commercial seed from him.
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