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| What is Kisan Credit Card Scheme? Scheme is in the nature of revolving Cash Credit. What are the extra benefits/facilities exgtended through KCC as compared to usual crop loan? The Credit needs of the farmer for entire year with his consumption needs are taken into account while fixing the limit. Farmer can operate the account at his option and as per his needs within the limit. Is it working satisfactorily? The scheme is working satisfactorily, we have issued 3,23,000 Kisan Credit Cards so far. What are the benefits under PAIS and amount of premium to be borne by a farmer? The risks covered under PAIS are as under: Death due to accident – calim at Rs.50,000 Permanent total disability Rs.50,000 Loss of two limbs or two eyes or One limb and one eye Rs.50,000 Loss of one limb or one eye Rs.25,000 The farmer has to pay Rs.5/- per annum whereas the bank bears Rs.10/- p.a. PAIS is covering KCC holders. Is there any other Scheme to cover all other farmers? SBI Life Scheme covers other farmers, where yearly premium is Rs.480/- and amount of claims upto Rs.1.00 lac for death due to any reasons and Rs.2.00 lacs for death due to Accident are covered, for Rs.50,000 claim amount a premium of Rs.240/- and for Rs.25,000/- a premium is Rs.120/-. Is there any other scheme like KcC to take care of farmers' Investment Credit Requirements? Kisan Star Card Scheme where farmer can be sanctioned a maximum loan upto Rs.3.00 lacs with 10% for his consumption needs. What is Kisan Star card Scheme and facilities offered to farmers? Kisan Star Card Scheme which is a hassle free scheme were farmer can purchase Agri implements, machinery etc. as far his needs and choice including his consumption requirement. Maximum number of accounts permitted are 5. Are Banks giving Produce Marketing Loans? Yes, the Produce Marketing Loans are given to avoid distress sale of farm produce What are the benefits to the farmers? The Crop loan borrowers are given loans at the same interest rate at which he was given crop loans. The repayment period is upto 12 months. What are the post harvest schemes available to avoid distress sale? Produce market loans. Loans for constructing Rural Godowns, Cold Storages, Smaller Size Farmer godowns are given. Loans against ware house receipts are also given. How Rural Godowns Scheme beneficial to farmers? Rural Godowns scheme. The NABARD is giving subsidy upto 25%. The farmer can substitute to his farm income. It will generage employment. Farmer can keep his own produce in the godown and avail produce market loan. What are the margin for Agriculture Loan? No margin upto Rs.10,000 For crop loans if scale of finance are detrermined taking into account margin. Then no marging. For term loans above Rs.10,000/- 15% to 25% depending upon the quantum of loan. Whether Bank is giving collateral free loans to farmers, if so to what extent? Upto Rs.25,000/- No Collateral security is asked, above Rs.25,000 equitable mortgage of farm land or other liquid securities wherever mortgage is not possible. For Sugarcane growers with tie up arrangement with sugar factories upto Rs.1.00 lac no collateral security is asked. Whether banks are giving relief to drought-affected people, if so what are they? • The existing short term loans are converted into term loan with suitable instalments. • Fresh crop loan are giving to rejuvenate existing crops or take fresh crops. • Term loan instalments are postponed. • Loans are given for repairs of farm machinery, sheds, wells etc. • Loans are given for purchase of drought animals, milch animals, and to some extent for his consumption needs. What type of transportation loans are available from the Bank to the farmers? Loans are given for purchase of tractors, power tillers, trailers, harvesters, two wheelers, bullock carts etc. What type of Macro/minor Irrigation loans are available to farmers? Loans are given for Lift Irrigation, Minor Irrigation, Drip Irrigation, Sprinklers, Pumpsets, Borewells, Tube Wells and all types of irrigation systems. What are interest rates to Agriculture loans under Low Interest Rate Regime? Bank is giving loans to farmers upto Rs.25,000 below PLR and upto Rs.2.00 lacs at PLR rates. Our Interest rates are being designed in such a way that no farmer will have to pay more than 2% above PLR for any type of loan. Whether compounding of interest is there? Compounding of interest on current dues are not done, compounding is done only on overdues. Whether Banks are giving loans to tenant farmers/share croppers? We are giving loans upto to Rs 10,000/- to tenant farmers/share croppers without any collateral, however for loan above Rs.10,000 collateral security is obtained. We have so far financed 14,008 tenant farmers with a financial outlay of Rs.17.00 crores. How many SHGs are financed by the Bank and what are future plans for the current year? We have financed so far SHGs amounting to Rs._________. We have planned to cover 20,000 groups during the current financial year. Whether bank is extending any training to SHGs and Rural Artisans? We have opened a Rural Training Institute at Hasanparthi at Warangal to take care of training needs of SHG and Rural Artisans. We are organizing Kisan Melas, Dealers Meet to educate the farmers about various schemes, products. Programmes from experts in the field of Agri, Horticulture, Animal Husbandry etc. are also organized to disseminate information on production of various crops and adoption of modern techniques of farming. |
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