Product Details
Kisan Samphati
Hyderabad
A Quality Product from
Andhra Bank [View Profile]
Hyderabad - India
Description :
Objectives
The scheme provides security to the farmers against distress sales soon after harvest when the prices of the commodities tend to be low.
Eligibility
Loans can be sanctioned to all farmers. Both loanee and Non- loanee farmers can be financed. Loanee Farmers who have availed crop production loans from the Bank, which should not be overdue.
Eligible crops to be covered
Paddy
Ground nut, Rape seed/Mustard
Bengal Gram (Chana), Arhar/tur
Turmeric
Dry Chillies
Maize
Millets (Jowar/Ragi/Bajra)
Yam
Green gram, Black gram
Jaggery
Loan amount
75% of the value of the produce at a overnment announced procurement prices subject to a maximum of Rs.5.00 lakh.
Repayment
Loan shall be repaid within a maximum period of 18 months from the date of disbursement.
Security
PRIMARY.
Hypothecation of the produce stored with the cultivator or by the pledge of ware house receipt/cold storage/Rural godown receipt where the produce is stored by him in ware houses/cold storage/rural godown.
COLLATERAL.
By personal guarantee of two persons for loans upto Rs. 5.00 lakhs, by pledge of ware house receipts of central ware housing corporation / state ware housing corporation / Food corporation of India only.
If the produce is stored with the cultivator, 150% collateral security is to be obtained for loans above Rs. 2.00 lakhs. However, loans up to Rs. 2.00 lakhs can be sanctioned with personal guarantee.
| View Complete Catalog | Send Online Enquiry | View Company Profile |
Other Matching Products
Kisan Bandhu
Objective To finance for tractors to improve farm mechanization. Eligibility Farmers having 3 acres of perennially irrigated (owned) or 6 acres of dry land (owned) Quan ....
Kisan Green Card Scheam
The scheme will be referred to as the Scheme to cover term loans for agriculture & allied activities under Pattabhi Agri Card? and will be termed as Andhra Bank Kisan Green Card. ....
Andhra Bank deals in :
NRI Services: -Particulars of NOSTRO Accounts Maintained by International Banking Division Mumbai. -List of branches authorised to handle / transact foreign Exchange. -Mandatory fields for Wire Transfer of funds in EUR to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in GBP to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in USD to any Branches of Andhrabank. International Business Services: Exporters: -Advising Letters of Credit established by foreign buyers -Obtaining Credit Report on buyers abroad -Negotiation of documents under Letters of Credit Collection of Bills -Packing Credit Finance in Indian Rupees -Packing Credit Finance in Foreign Currencies -Export Earners' Foreign Currency Account -Forward Exchange cover. Importers: -Opening Letters of Credits on behalf of Bank's Constituents -Issue of Bank Guarantees on behalf of Bank's Constituents -Collection of Bills -Obtaining reports on Exporters/Sellers abroad -Facility for remittance of proceeds by Mail Transfer/Teletransfer/Swift -Import loans in Foreign Currency -Loans for import of capital goods. Student Services, Services to International Tourists, Services to Businessmen, Services for Medical Treatment Abroad.
| View Company Profile | View Complete Catalog | Send Online Enquiry |