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KRISHI SAMPADA

Objective

To provide concessional loans under Micro Finance to small farmers, vegetable of the target group for urgent requirement of funds during Rabi & Kharif or any cash crop.

Implementation of Scheme

The loan will be available through State Channelising Agencies (SCAs) as cash credit limit to be fixed for each loanee as per need assessed and appraised by Field Officers of SCA. (NABARD guidelines may be referred)

Eligibility

a) Members of Backward Classes, as notified by Central Government/State Governments from time to time.

b) The annual income of the applicants family should be below double the poverty line i.e. Rs.1,20,000/- p.a. in urban areas and Rs.98, 000/- p.a. in rural areas.

Maximum Loan Limit

The maximum loan limit is Rs. 50,000/-

Pattern of Finance

(i) NBCFDC loan : 95%
(ii) SCA loan } : 05%
(iii) Beneficiary Contribution } :

Rate of Interest

NBCFDC to SCA SCA to Benef.
Upto Rs. 50,000/- : 1% p.a. 4% p.a.

Repayment of Loan

Loan is to be repaid in quarterly instalments within 48 months (including the moratorium period of six months on the recovery of principal). However, the amount of loan repaid by the farmers can be replenished within the cash credit limit fixed for the loan every six months coinciding with crop pattern.

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Last Updated On : 2017-11-08 03:41:54