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
plantation & Silkworm rearing