Purpose
- Office extension / Technical services to farmers viz. cropping practices, crop protection, market trends, clinical services for animal health etc.,
- Sources of input supply and service to needy farmers
- Gainful employment to agri graduates
Agricultural graduates / graduates in subjects allied to agriculture like horticulture, Animal Husbandry, veterinary , poultry, pisciculture etc.,
Project cost
For individuals Rs.10 lacs
For groups Rs. 50 lacs
(The group may be of five of which one could be a Agricultural graduate with qualification and expertise
For groups Rs. 50 lacs
Margin money
Margin - 15%
Rate of interest
As applicable to Agri advances
Repayment
5-10 years with a grace period of a maximum of 2 years
Solar Photo Voltaic Pumpsets(SPV) for Irrigation
Purpose
To harness renewable sources of energy by promoting setting up of solar photo voltaic pumpsets (SPV) for irrigation purposes
Eligibility
The farmers viz. Small farmers and Marginal farmers or SC / ST category who cannot pay Rs.30,000/- lease fee out of their own resources. (SPVs are low capacity pumping system which can irrigate 1-2 hectares only)
Loan
Upto Rs.30,000/- to the farmers as up-front fee to be paid by them to financial intermediaries for installation of SPV pumpsets
Rate of Interest
As applicable to Minor Irrigation
Repayment
Not exceeding 10 years
Advantages
Most environmental friendly, does not require fuel / electricity, no operational cost
Disadvantages
Cannot be used for deep water table(12mts) due to low capacity. It can irrigate only small area of 1-2 hectares and high cost of pumpset
Scheme for purchase of land for agricultural purpose
Purpose
Purchase of agrl. land as well as fallow and waste land to SF / MF / landless agri labourers
Eligibility
SF and MF and landless agri labourers. Total land holding should not exceed the prescribed ceiling of land holdings including the purchased one as advised by NABARD
Quantum of loan
Should not exceed Rs.2 lacs by way of ATL and investment on land development and provision of irrigation should not exceed 50% of the cost of land
Margin
20% or prescribed by RBI from time to time
Interest
As applicable to ATLs
Repayment
7-10 years in half yearly / yearly instalments including a moratorium of 24 months
Scheme for development of Vanilla
Vanillin is widely used as a flavouring agent in Ice creams, Chocolates,cola drinks, Alcohol, Pharma, Perfumes and other confectioneries. Market for vanilla is encouraging both domestically / internationally in view of the increasing demand for natural vanillin
PurposeFor cultivation of vanilla as inter cropping with crops like coconut, coffee,pepper ,arecanut etc.,
Eligibility
Progressive farmers. Maximum 5 acres can be financed
Unit cost
- Establishment of new vanilla crop 500 plants per acre as mixed crop in existing coconut, arecanut and coffee Rs.55000/- per acre
- Maintenance of vanilla crop(crop loan) Rs.15000/- per acre
6 years including a grace period of 3 years. Crop loan – 1 year
Establishment of Bio-Fertiliser Units (Model Scheme)
Purpose
Production of various strains of good quality Bio-Fertilisers which are valuable (inputs) in sustainable agricultural production
Eligibility
Entrepreneurs in the field of agri inputs particularly those having interest in promoting eco-friendly technologies
Entrepreneurs in the field of agri inputs particularly those having interest in promoting eco-friendly technologies
Unit Cost
Rs.73,473 for establishing 150 TPA
Interest / Security
As stipulated by RBI
Subsidy
25% from the Ministry of Agriculture
Repayment
Upto 9 years with a grace period of one / two years
Produce Marketing Loan (PML)
Objective
To provide liquidity to farmers and save them from distress sale of their harvested produces
Eligibility
Preferably, the farmers who have availed crop loans from the Branch.
Quantum of Loan
Maximum limit of Rs.10 lacs or 60% of the value of the produce whichever is less
The proceeds of this loan should be used to liquidate the existing crop loan. Thereafter renewal of crop loan may be considered if the farmer raises the second crop
Repayment
Within one year
Insurance
Value of stocks exceeding Rs.15000/- to be insured
Security
A) For govt. owned warehouses / cold storage, no security is to be insisted except the pledge of warehouse receipts.
B) For private warehouses / cold storages
1) upto Rs. 2 lacs- obtention of guarantee deed from the owner of the godown.
2) Above Rs. 2.00 lacs - collateral is to be insisted as per the existing norms.
Chief Manager
State Bank of Mysore
Agricultural Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.375;22353460
Fax: 91 80 22283684
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