KISAN SAMRUDDHI
Features
Type of facility:
The loan facility provided is in the form of an agriculture cash credit.
Quantum of Loan:
Maximum Loan Up to 10cr. The quantum of the loan will be based on the realistic cost of end-to-end farming for any crop.
Repayment Period:
The loan repayment period will be set according to the expected harvesting and marketing timeframe for the crops for which the loan has been granted.
Security:
Primary: Hypothecation of the crops grown or assets created with the bank’s financing.
Collateral:
Collateral security in the form of a mortgage (equitable mortgage/registered mortgage) of immovable property or agricultural land will be required to secure the total loan amount.
Eligibility Criteria:
Farmer/Agricultural Producer:
Farmers involved in progressive or scientific farming practices are eligible.
Minimum Land Holding Requirement:
The farmer should have a minimum of 4 acres of land or be engaged in scientific farming methods.
Credit Score:
A credit score of 650 and above is required.
Age Criteria:
Minimum age requirement is 18 years, and the maximum age is 70 years (For individuals above 60 years, a co-borrower is mandatory).
Documents Required:
KYC documents
Loan application
Land ownership proof/ Registered lease document in case of lease cultivators.
AGRI ENTERPRISE
Exporters & FPO engaged in select Agri, Allied, Agri infrastructure and Ancillary activities.
Features
Type of facility:
TL, CC, BG, LC, Bill Discounting. Pre & Post – shipment
Quantum of Loan:
Maximum Loan Up to 10cr
Repayment:
The loan will be repayable in maximum 10 years with a maximum moratorium of 24 months.
Security:
Primary: Mortgage of Primary land & Hypothecation of machinery, equipment, stocks, receivables, other movable assets (Present & Future)
Collateral:
- NIL up to ₹2 Cr if Credit guarantee cover is availed.
- More than ₹2 Cr: Suitable security for the rest of the loan amount above ₹ 2 Cr.
Eligibility Criteria:
Proprietorship
Partnership
Private Limited Company
Limited Liability Company
Corporate
FPO Co-operative
Documents Required:
SME Series of Documents
Any other document as per sanction
CROP/ YIELD
Features
Type of facility:
farmers and agricultural producers to cover the costs of crop production
Quantum of Loan:
Maximum Loan Up to 10cr
Repayment Period:
The repayment period is generally aligned with the crop cycle, allowing farmers to repay the loan after the harvest and sale of the crops.
Security:
Primary: Mortgage of Primary land & Hypothecation of machinery, equipment, stocks, receivables, other movable assets (Present & Future).
Collateral:
Crop loans may be secured or unsecured. In some cases, the crops themselves or the land may serve as collateral for the loan.
Eligibility Criteria:
Farmer/Agricultural Producer:
The borrower should be a farmer or agricultural producer engaged in crop production.
Land Ownership/Lease:
Depending on the lender’s policies, the borrower may need to either own the land or have a lease agreement for cultivation purposes.
Creditworthiness:
Lenders may consider the borrower’s credit history and financial stability to assess repayment capacity.
Crop Type:
The eligibility criteria can vary based on the type of crop for which the loan is sought.
Documents Required:
KYC documents
Loan application
Land ownership proof/ Registered lease document in case of lease cultivators.
KERASURAKSHA INSURANCE SCHEME
Features
Healthcare Coverage:
The insurance policy provides coverage for medical expenses, hospitalization, surgeries, consultations, medications, and other healthcare-related costs.
Accidental Coverage:
It may include coverage for accidents that occur during coconut harvesting, such as injuries or disabilities resulting from falls or other work-related incidents.
Income Protection:
Some policies may offer income protection benefits in case the insured coconut harvester becomes temporarily or permanently disabled and is unable to work.
Coverage Extensions:
Additional features may include coverage for critical illnesses, maternity benefits, or other specific healthcare needs.
Easy Installation:
Insurance plans may have a network of healthcare providers, hospitals, and clinics where insured individuals can avail cashless treatment.
Eligibility Criteria:
Coconut Harvesters:
The policy is typically available for individuals directly engaged in coconut harvesting activities.
Age Criteria:
There may be minimum and maximum age limits for eligibility, which can vary based on the insurance provider and policy.
Health Condition:
Some insurance plans may require applicants to meet certain health criteria or undergo medical examinations before coverage is granted.
Documents Required:
KYC documents
Employment Proof
Age Proof
SHG LOANS (FOR FARMER GROUPS)
Features
Group-based loan for farmer groups collectively.
Loan amount based on the needs of the SHG and its members.
Joint liability for loan repayment.
Repayment period aligned with agricultural seasons and cash flows.
Potential eligibility for interest rate subsidies or incentives.
Eligibility Criteria:
Registered Self-Help Group consisting of farmers.
Minimum and maximum group size requirements.
Track record of functioning and successful loan repayments.
Minimum collective savings in some cases.
Documents Required:
SHG registration documents and bylaws.
Identification and address proofs of SHG members.
Financial records and savings history.
Loan utilization plan for agricultural activities.
CREDIT CARD (FOR FARMERS)
Features
Line of credit for agricultural expenses.
Convenient payment method.
Flexible repayment options.
Tailored rewards or benefits.
Online banking and mobile app access.
Eligibility Criteria:
Farmer or agricultural producer.
Age requirement and creditworthiness.
Documents Required:
Identification and address proof.
Income proof.
Agricultural land ownership or lease documents.