Production-Crop-Loans

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