1. Dhanam Kissan Vahana

2. Dhanam Kissan Card

3. Kissan Vahana

4. Agri Gold Loan

5. Micro Credit - SHGs

6. Kissan Card

7.Micro Credit - MFI

1. DHANAM KISSAN VAHANA

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Purpose:

For acquisition of Two-wheelers by farmers:

Eligibility:

(1). Applicant should be owner cultivator of minimum 1 acre of land

(Or)

(2). Should have a Dairy unit with minimum of 10 cows/Buffaloes

(Or)

(3). The net income from Agriculture and other sources, of the family should be above Rs.50000/- provided the Spouse/another member of the family is a permanent employee of a reputed company/ firm / Govt service /Educational institution and should be co-obligant to the loan.

Loan Amount:

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2. DHANAM KISSAN CARD

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Purpose:

To facilitate adequate and timely credit for the comprehensive credit requirements of farmers under single window adopting whole farm approach, including the short-term credit needs and for their contingent credit needs.

Eligibility:

The credit facility extended under the scheme will be in the nature of term loan and revolving cash credit for agriculture and allied activities. The criteria for selecting persons for issuing Dhanam Kissan Cards are as follows:

Issue of Cards:

The beneficiary under this scheme will be issued with a credit card cum pass book, specially designed for the purpose, incorporating the name, address, particulars of land holding, borrowing limit, validity period etc which will serve both as an identity card as well as facilitate recording of the transactions on an ongoing basis. The card, among others, would provide for a passport size photograph of the holder. The borrower would be required to produce the card cum passbook whenever he operates the account.

Loan Amount:

3. Kissan Vahana

Kissan Vahana is a specially structured two-wheeler loan for farmers with significant benefits for their agricultural operations. Individual mobility funded through this affordable means helps increase efficiency, reduce wastage of perishable produce by reducing time to market and enhance profit.

Features

• Loan amount between Rs. 20,000 and Rs. 40,000

Eligibility

• Applicant should be owner cultivator of a minimum of one acre of land, or should have a dairy unit with a minimum of 10 cows/buffaloes, or
• The net income from agriculture and other sources of the family should be above Rs. 50,000 provided the spouse or another member of the family is a permanent employee of a reputed company or firm, or is in the government service or works with an educational institution and should be a co-obligant to the loan

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4. Agri Gold Loan

The Agri Gold Loan is extended to individuals against security of gold ornaments owned by them for the purpose of agricultural activities. It is ideal for farmers seeking financial assistance to meet agricultural and developmental expenses.

Features

• Eligible loan amount may be assessed based on area under cultivation, crops raised, scale of finance etc.
• Rate of advance may be fixed up to 75% of market value
• Instant Disbursement

Eligibility

• Eligible loan amount may be assessed based on area under cultivation, crops raised, scale of finance etc.
• Rate of advance may be fixed up to 75% of market value
• Instant Disbursement

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5. Micro Credit - SHGs

Micro Credit involves the provision of thrift, credit and other financial services and products of lower value to the poor in rural, semi urban and urban areas for enabling them to raise their income levels and improve their living standards. It has become a successful instrument for economic empowerment of the underprivileged sections of the society by improving their access to formal credit system through Self Help Groups (SHG).

Features
Models of credit linkage of Self Help Groups (SHG):

• Dhanlaxmi Bank takes up the task of organizing SHGs and financing them
• Financing SHGs, which are organized by NGOs etc. directly (Direct Linkage)
• Financing NGOs/MFIs for on lending to SHGs organized by them ( Indirect Linkage)

Micro finance loans are to be repaid after a mutually agreeable term as defined by the bank and SHG. This will depend on income to a maximum period of five years. In case of projects, the maximum period will depend on the income generated from project.

Eligibility

• The eligible loan amount to SHGs is computed as a multiple of savings mobilized by them (usually two to four times)
• Selection of the SHGs is based on the rating model developed by NABARD.
• Minimum score required for selection of SHG for linkage/lending is 80%
• Financial viability, technical feasibility and bankability of the project would need to be looked into in respect of Project finance under direct linkage
• The leadership of the group and facilitator support also examined

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6. Kissan Card

The Dhanam Kissan Card directly addresses a farmer’s short-term and contingent credit needs. It facilitates adequate and timely credit for a farmer’s comprehensive credit requirements under a single window adopting a whole farm approach.

Features

• For crop loans with a validity period of 3 years, subject to annual review. When term loan facilities are sanctioned, the validity of the card may be extended from 3 years to 5 years.
• Short term/crop loans and working capital for agriculture and similar loans will be provided as revolving cash credit limit, repayable in 12 months.
• Term loans repayable within a maximum period of 5 years, depending on the type of activity/investment.
• No withdrawal in the account should remain outstanding for more than 12 months for crop loans, except in cases where loans are given for sugarcane, banana and other annual yielding crops. In such cases, debits to be wiped out at the time of marketing of produce or within 18 months, whichever is earlier. As far as possible, borrowers are advised to remit the amount whenever there are surpluses and keep the account operative. It is also advisable to remit the sale proceeds of the crops directly to the Card Account

Eligibility
The credit facility extended under the scheme will be in the nature of a term loan and revolving cash credit for agriculture and allied activities. The criteria for selecting persons for issuing a Dhanam Kissan Cards are as follows:

• Loan for any activity coming under purview of production credit of agriculture, working capital requirements of allied activities may be considered under the scheme ensuring repayment capacity of farmers
• Dhanam Kissan Card is not issued to parties dealing in Selective Credit Control commodities, minors, and POA holders
• The applicant should not be a defaulter with any financial institution, and should come within the Service Area Norms, subject to relaxations therein

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7. Micro Credit - MFI

Dhanlaxmi Bank's micro-credit scheme was introduced in 1998 to aid the efforts of Micro Finance Institutions in empowering women and helping in poverty alleviation.

Features

• Loans provided through Micro Credit can be utilized for agriculture and allied activities, consumption, production and other activities.
• Tenure up to three years.
• Flexible repayment options

Eligibility

• The MFI should be registered with the relevant authority as NBFC, NGO, Society, Trust or Section 25 Company and should have been functioning satisfactorily for more than three years.
• Objective of the MFI should be serving the social and economic needs of the community in general and weaker sections of society in particular.
• Proper system of maintaining accounts/records with regular audit, external/internal must be in place.
• Necessary financial management capability for enlarged operations.
• Adequate trained and motivated field staff for close monitoring.
• Where such advances exceed Rs. 2 crores, it would be advisable to obtain a rating carried out by an approved external agency
• Enabling provisions must be available in the relative Bye Laws/Memorandum and Articles of Association, Partnership Deed etc.

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Source: http://www.dhanbank.com/microfinance/microfinance.aspx