Scheme for financing LPG connection in rural areas
| A | Objective | To make available sufficient time to small and marginal farmers etc., for wage earning and to have good health. |
| B | Extent of | The unit cost as per NABARD isRs.3,450/-. The cost component of LPG connection includes, deposit to be made for LPG connection,supply of regulator and cylinder (1/2) accessories and cost of single burner stove |
| C | Interest | As applicable to Agri. Term Loans |
| D | Security |
i) Hypothecation over the LPG components purchased ii) Third party guarantee acceptable to the Bank |
| E | Margin | 10% |
| F | Repayment | On the basis of income generated with max. of 5 years |
Scheme for financing to tenant farmers & Oral lessesss
| A | Objective | To provide crop loans to tenant farmers / oral lesses and farmers having land without proper records. |
| B | Eligibility | Tenant farmers / oral lessees |
| C | Formation Tenant Farmer Groups (TFGs) |
The eligible farmers may form a group on the pattern of SHGs. All the procedures of SHGs should be followed. |
| D | Savings & Thrift | The group can open SB a/c as one in SHGs. |
| E | Quantum of Loan | Loan will be linked with the thrift deposits mobilised by the group. The crop loan will be disbursed to the tune of 1 to 4 times of their savings as done for SHGs. |
| F | Security | No security other than inter-se agreement. |
| G | Documents | Loan application, inter-se agreement & the loan agreement on the lines of SHG financing |
Rain water harvesting scheme for SC/ST farmers
| A | Objective | Scheme to cover SC/ST farmers in providing facilities to their homesteads/farm lands in order to augment the income generating capacity |
| B | Project cost | Depending upon the prescribed size by the NABARD the project cost is Rs. 30,000/-, Rs.15,000/- and Rs.12,000/-. |
| C | Funding pattern | 50% by the Govt. of India and 50% by Bank. There is no margin |
| D | Eligibility | All individual SC/ST farmers. |
| E | Implementation period | The scheme has been launched during 2004-05 and will continue for 3 years i.e., upto 2006-07 |
| F | Subsidy | Subsidy is back-ended with lock-in period of 5 years. No interest to be charged on subsidy portion. |
| G | Repayment | Depending upon the cash flow and will be 7-11 years including a grace period of 2 years. |
| H | Interest | 12% p.a |
| I | Security | As applicable to Agri. Term Loans |
Scheme for financing of Jatropha plantation
| A | Objectives | Jatropha has been identified as bio-fuels, which are renewable liquid fuels coming from biological raw material and have been proved to be acceptable substiyutes for fossil fuel and gaining acceptance as a solution to environmental problems, energy security, reduces imports, generating rural employment and improves agricultural economy. |
| B | Suitability of land | The wasteland having rainfall between 1000-1500 mm. |
| C | Unit Cost: | Rs.30,800/- per hectare (wasteland) |
| D | Margin | 20% |
| E | Rate of Interest | As applicable to Agri. Term Loans |
| F | Repayment | Repayable overa period of 12 years with 3 years grace period |
| G | Security | i) Hypothecation of crops for limits upto Rs.50,000/- |
| H | Subsidy | 30% back-ended credit linked subsidy is available on successful completion of the project from GOI |
Scheme for financing to cultivation of Patchouli
| A | Suitability of land | The land should have good drainage. Generally humid climate with plenty of sunlight is suitable with temparature between 25° to 35°C. Once the plants are planted the plants give good yield of leaves for atleast 3 years. |
| B | Spacing & No. of plants / acre | For conventional method of irrigation: 30cm,120cm, 11,000/- plants/acre |
| C | Unit Cost: | Rs.1,42,355/- for conventional method of irrigation and Rs.1,89,604/- for drip system of irrigation. |
| D | Margin | 20% |
| E | Repayment | Repayable in 6 half yearly instalments with a startup period of 6 months |
| F | Interest | As applicable to Agri. Term Loans |
| G | Subsidy | @20% subsidy is available from national Horticulture Board on the capital cost. |
General Credit Card
In order to cater to the contingent needs of our customerrs, in rural and semi-urban areas, General Credit Card scheme has been introduced
| A | Objectives | To provide hassle-free credit to Bank customers without insistence on security purpose or end use of credit |
| B | Eligibility | Customers in Rural and Semi-urban branches who are maintaining satisfactorily conducted deposit/loan account for the past 12 months. |
| C | Quantum of loan | Based on the assessment of income and cash flow of the entire house-hold, subject to a maximum of Rs.25000/- |
| D | Security | No security |
| E | Validity | 1 year. The limit may be reviewed / revised / cancelled after 1 year depending on track record of the account holder. |
| F | Other Terms | Only one card per family |
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Agricultural Banking Department
H .O.: K.G.Road, Bangalore - 560254, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.375;22353460
Fax: 91 80 22283684
email:
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