The Bank is providing Seasonal Agricultural Operations (SAO) loans to the farmers through the PACS under the following programmes subject to individual maximum borrowing power as under::
- S.A.O. (Normal crop loans)
- Oil Seeds Production Programme (OPP)
- Development of Tribal Population (DTP)
The Bank is advancing various crop loans viz., paddy, maize, ground nut, chilies, cotton, turmeric etc., to Kisan Credit Card holders/Members of PACS upto Rs.50,000/- charging interest @ 7.00% p.a., upto due date and thereafter 11.75 % as per the applicable scale of finance fixed by the Dist.Level Technical Group Committee from time to time.
SCALE OF FINANCE:
The TECHNICAL GROUP COMMITTEE in its meeting held on
22.10.2013 has gone through various aspects viz., cost of cultivation, inputs, fertilizers and Agro-climatic conditions prevailing in the districts and recommended the following crop-wise scales of finance for Kharif and Rabi 2014-15.
| S.No | Name of the Crop | Irrigated/Un-irrigated | Scales of finance fixed by the Committee for the year 2014-15 |
|---|---|---|---|
| 1 | Paddy | 25000 | |
| 2 | Maize | Irrigated | 18000 |
| 3 | Maize | Rainfed | 16000 |
| 4 | Jowar | irrigated | 13000 |
| Jowar | Rainfed | 11000 | |
| 5 | Groundnut | Rainfed | 13000 |
| 6 | Groundnut | Irrigated | 18000 |
| 7 | Chillies | Rainfed | 22000 |
| 8 | Chillies | Irrigated | 33000 |
| 9 | Cotton | Rainfed | 25000 |
| 10 | Cotton | Irrigated | 28000 |
| 11 | Turmeric | 35000 | |
| 12 | Green gram | 8000 | |
| 13 | Castor | 10000 | |
| 14 | Sugarcane | Eksala | 35000 |
| 15 | Sugarcane | Ratoon | 32000 |
| 16 | Seasum | 7000 | |
| 17 | Tobacco | 23000 | |
| 18 | Wheat | 7000 | |
| 19 | Sunflower | 16000 | |
| 20 | Redgram | 11000 | |
| 21 | Sericulture mulberry plantation & Silkworm rearing |
30000 | |
| 22 | Soya bean | 15000 |