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Agri Banking Schemes from Vijaya Bank

Agri banking schemes from Vijaya Bank lend a helping hand in terms of need based credit for crop production and its allied activities.

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Agri Banking Schemes from Vijaya Bank

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  1. Agri Banking Schemes from Vijaya Bank

  2. Agri Banking Vijaya forefront in meeting the credit needs of rural entrepreneurs and farmers Bank has always been in the ● Agri banking schemes from Vijaya Bank lend a helping hand in terms of need based credit for crop production and its allied activities. ● Vijaya Bank is expanding rapidly to deliver these products at the doorstep of every farmer. ●

  3. Agri Banking Schemes from Vijaya Bank VIJAYA KISAN CARD SCHEME VIJAYA PLANTERS CARD VIJAYA KISAN TATKAL SCHEME VIJAYA KRISHI MITHRA FARM HOUSE CONSTRUCTION SCHEME SCHEME FOR AGRICULTURAL LAND PURCHASE ORCHARD OR ESTATE PURCHASE LOAN SCHEME SCHEME FOR FINANCING FARMERS AGAINST WAREHOUSE RECEIPT SCHEME FOR FINANCING FOOD AND AGRO PROCESSING UNITS AGRI CLINIC AND AGRI BUSINESS CENTRE SCHEME FOR RURAL GODOWNS OR COLD STORAGES SCHEME FOR FINANCING RUBBER PLANTATIONS TERM LOANS FOR MINOR IRRIGATION TERM LOANS FOR LAND DEVELOPMENT TERM LOANS FOR HORTICULTURE DEVELOPMENT SCHEME FOR FINANCING ANIMAL HUSBANDRY DEBT SWAP SCHEME FOR DISTRESSED FARMERS SCHEME FOR FINANCING DISTRESSED PERSONS OTHER THAN FARMERS ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

  4. VIJAYA Kisan Card Scheme Salient Features: ○ Repetitive documentation is avoided for every year. ○ This scheme is valid for 5 years. ○ Can be withdrawn via ATM enabled RuPay Kisan card/BCA locations. ● Eligibility: ○ All farmers/ tenant farmers/ Oral lessees/ SHG/ JLG of farmers/ Companies/ Partnership Firms/ HUFs ○ Borrower should not be a defaulter with any other Banks/ Financial Institutions ● Rate of Interest: In case of non interest subvention scheme, ROI range from 10.20% to 12.20% ● Repayment: Crop proceeding needs to be credited to the account & account will be reviewed annually. ● Note : MCLR 1 Year presently at 9.45% ●

  5. VIJAYA Planters Card Salient Features: ○ Repetitive documentation is avoided for every year. ○ This scheme is valid for 5 years. ○ Can be withdrawn via ATM enabled RuPay Kisan card/BCA locations. ○ Meets short term credit requirement of coffee planters, even covers post-harvest requirements, which covers household and farm assets maintenance expenses ● Eligibility: ○ All farmers/ tenant farmers/ Oral lessees/ SHG/ JLG of farmers/ Companies/ Partnership Firms/ HUFs ○ Borrower should not be a defaulter with any other Banks/ Financial Institutions ● Rate of Interest: In case of non interest subvention scheme, ROI ranges from 10.20% to 12.20% ● Repayment: Crop proceeding needs to be credited to the account & account will be reviewed annually. ●

  6. VIJAYA KISAN TATKAL SCHEME Salient Features & Eligibility: ○ Instant credit facility to existing VIJAYA KISAN CARD holders (who have a satisfactory track record for 2 years) who need to meet urgent financial requirements for domestic purposes. ○ 50% of existing VKC limit or 25% of annual income, whichever is lower, with a maximum limit of Rs.50000/- ● agriculture and Rate +0.75%=10.20% of Interest: MCLR 1 Year ● Repayment: In installments within 3 - 5 years. ●

  7. VIJAYA KRISHI MITHRA Salient Features: single term loan for multiple credit requirements of farmers like Land Development, Minor Irrigation, Allied activities and other Agri-related activities. ● Eligibility: Individual/Group of farmers and JLGs/SHGs engaged in Agriculture and other such allied activities. ● Repayment: yearly/ yearly installments in 5-9 years with a moratorium months. Monthly/ quarterly/ half ● not exceeding 12

  8. FARM HOUSE CONSTRUCTION SCHEME Salient Features: ○ This scheme can be used for repairing of an existing farm house. ○ Construction of farm house and other structures in agriculture land. ● Eligibility: Individual farmers and spouse to join as co-borrower. ● Rate of Interest: MCLR 1 Year + 0.25 % pa. (Floating). ● Repayment: ○ Within 15 years with a moratorium of 12 months for construction purpose. ○ Within 5 years for repair purpose. ●

  9. SCHEME FOR AGRICULTURAL LAND PURCHASE Salient Features: This scheme is for purchase of agricultural land/fallow and waste lands by small and marginal farmers and to develop and cultivate agriculture for sustainable livelihood. ● Eligibility: ○ Individual farmers (Small and Marginal) / share croppers/ tenant farmers. ○ Applicant should dealings ○ Land to be purchased should be within the ceiling norms applicable for Small/Marginal farmer. ● have satisfactory past Repayment: Half yearly/yearly installments within 7 to 10 years with a maximum moratorium period of 24 months. ●

  10. ORCHARD OR ESTATE PURCHASE LOAN SCHEME Salient Features: Financing the purchase of estates/orchard farms plantation crops like cardamom, pepper, coconut and other perennial orchard crops. ● which coffee, has traditional rubber, tea, Eligibility: Borrower should already possess yielding estates/orchards and should be in a position to rejuvenate the proposed land. ● Repayment: Within 7-9 years with a moratorium up to 12 months. ●

  11. SCHEME FOR FINANCING FARMERS AGAINST WAREHOUSE RECEIPT Salient Features: Financing farmers against pledge of their farm produce which is covered under the Warehouse Receipts (WRs) issued by Central, State warehouses and warehouses of Co-operative Societies registered with WDRA. ● Eligibility: SHGs / JLGs of farmers or Individual farmers. ● Rate of Interest: Ranging from 9.60% to 10.65% based on the loan slab. ● Repayment: Within 12 months from the date of disbursement/ the due date mentioned in the warehouse receipt or the normal shelf life of the commodity, whichever is earlier. ●

  12. SCHEME FOR FINANCING FOOD AND AGRO PROCESSING UNITS Purpose: ○ ○ ● Financing the purchase of new Food & Agro Processing units. Credit for expansion/ renovation/ improvement in product quality of existing Food & Agro Processing units. modernization/ increased efficiency/ Eligibility: ○ Entities which are promoted by the State Governments. ○ Individuals, Proprietor/Partnership concerns, Corporate companies etc.. ● Rate of Interest: Ranging from 11.15% to 11.65% p.a. ● Repayment: Within 7 years with Moratorium period of one year which can go up to 2 years depending upon the nature of the project. ●

  13. AGRI CLINIC AND AGRI BUSINESS CENTRE Salient Features: To create self-employment opportunities to unemployed Graduates, Diploma holders, and other Agri- related courses. ● Agricultural Eligibility: Person has to be a graduate in Agriculture or allied subjects. ● Repayment: moratorium up to 2 years. Within 5-10 years with a ●

  14. SCHEME FOR RURAL GODOWNS OR COLD STORAGES Salient Features: ○ For creating scientific storage capacity in rural areas for storing farm produce, processed farm products, agricultural inputs. ○ To avoid distress sale by farmers immediately after harvesting. ○ To strengthen marketing infrastructure & promote pledge financing in India. ● Eligibility: Individual farmers, Group of farmers/Growers, Partnership/Proprietary firms, Non-Government organizations (NGOs), Self Help Groups (SHGs), Companies, Co-operatives, Federations, Agricultural Produce Marketing Committees (APMCs), Marketing Boards and Agro Processing Corporations. ● Rate of Interest: Ranging from 10.20% pa to 11.20% pa ● Repayment: Within 11 years with a moratorium up to 1- 2 years. ●

  15. SCHEME FOR FINANCING RUBBER PLANTATIONS Salient establishment and management of rubber plantations. Features: Credit facility for the ● Eligibility: All the farmers. ● Repayment: Within 13 years with moratorium period of 6 years. ●

  16. TERM LOANS FOR MINOR IRRIGATION Purpose: Financing for ○ irrigation pump sets/oil engines and installation of Solar pumps ○ Digging of new wells, deepening of existing wells, sprinkler units/ Drip irrigation units/ lift irrigation projects in river basins, construction of percolation ponds, laying of irrigation channels etc.. ● Eligibility: Federation of Co-operatives/JLG/SHG of farmers. Individual farmers, Companies/Partnership Firms/ Co-operatives, ● Repayment: ○ Bore wells: 11-15 years with 23 months grace period ○ Pump set : 9 years with 11 months grace period ○ Sprinkler / Drip Irrigation :10-15 years with 11 months grace period. ●

  17. TERM LOANS FOR LAND DEVELOPMENT Purpose: Financing for ○ Creation of bunds for protecting farm lands from soil erosion. ○ Converting dry lands into irrigable and cultivable lands. ○ Levelling uneven sloppy and undulating lands. ● Eligibility: All individual farmers/ corporate companies/Partnership firms/ Co-operatives, Federation of Co-operatives/ SHGs/ JLGs/ tenant or lease holding farmers. ● Repayment: Within 5-7 years with initial moratorium period ranging from 6 months to 1 year ●

  18. TERM LOANS FOR HORTICULTURE DEVELOPMENT Salient Features: Providing finance to farmers to establish new orchards, nurseries and also the maintenance of the existing gardens. ● gardens and Eligibility: companies/Partnership/Proprietorship Co-operatives, Federation of Co-operatives of farmers/ SHG/JLG of farmers. Individual farmers/Corporate ● firms/ Repayment: Varies based on crop and as per the NABARD guidelines. ●

  19. SCHEME FOR FINANCING ANIMAL HUSBANDRY Salient Features: Finance options to meet the working capital requirement & expenditure for running Dairy, Piggery, poultry, Goat/sheep rearing, fisheries and sericulture. ● Eligibility: Individual farmers/ Companies/ Cooperatives of farmers/ Proprietorship firms/ SHG/ JLG of farmers. ● Partnership/ Finance amount: 75-85% of the project cost ● Repayment: ○ Dairy : 4-5 years ○ Poultry/Goat/Sheep/Fishery/Piggery/Ser iculture : 3-7 years ●

  20. DEBT SWAP SCHEME FOR DISTRESSED FARMERS Purpose: Financial assistance to distressed farmers who need to clear their dues with non-institutional lenders such as Private Money Lenders, MFI etc.. ● Eligibility: ○ Tenant farmers/ Sharecroppers provided they are members of SHG JLG. ○ All individual farmers who are in distress due to indebtedness to Non institutional lenders. ● Rate of Interest: MCLR 1 Year +0.20 = 9.65% and no processing charges. ● Repayment: Within 7 years in monthly / quarterly / half yearly / yearly instalments with suitable moratorium period of 6 to 12 months. ●

  21. SCHEME FOR FINANCING DISTRESSED PERSONS OTHER THAN FARMERS Purpose & Eligibility: Credit assistance to the distressed persons (other than farmers ) i.e Micro entrepreneurs who are indebted to non- institutional lenders. ● Rate of Interest: MCLR 1 Year +0.20 = 9.65% and no processing charges ● Repayment: instalments, with suitable moratorium period of 6 months Within 7 years in monthly ●

  22. VIJAYA BANK • Vijaya Bank is a PAN India Institution, serving diverse sectors of the society • The Bank offers a bouquet of innovative and attractive products and services to its customers. It has also incorporated a host of latest Digital Banking products, to provide the best services to its customers. Digital Banking services are: 1. VPAYQWIK 2. Mobile Banking 3. Net Banking 4. Vijaya UPI 5. Twitter banking and many more… For details, visit: https://www.vijayabank.com

  23. THANK-YOU

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