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Comprehensive One Time Settlement Package in lieu of Employees Pension Scheme of the Bank implemented in compliance of orders dated 29.11.2013 passed by  Hon’ble Punjab & Haryana High Court. .......Read More


The Bank provides Long Term Loans at Simple Rate of Interest for Agriculturists and Non Agriculturists for a number of purposes.


LENDING  
 The Bank is implementing the schemes for the following major purposes :-

1. Minor Irrigation
2. Soil Conservation
3. Farm Mechanisation
4. Diversified loaning
5. Plantation & Horticulture
6. Storage Godowns
7. Non Conventional Energy Sources
8. Farm Forestry
9. Non Farm Sector
10.New Schemes

 REPAYMENT SCHEDULE

S.No

Major Purpose Code

Sub-Purpose Code

Name of the scheme

Repayment period (inclusive of Grace Period)

Grace Period
Mode of Repayment of Loan
 

01

 

MINOR IRRIGATION

     

1

 

103

Borewell with Pumpset

9 Yrs

-

9  Yearly  equated Installments

2

 

105

Tubewell

9 Yrs

-

9  Yearly  equated Installments

3

 

106

Tubewell with Pumpset

9 Yrs

-

9  Yearly  equated Installments

4

 

107

Replacement / Renovation of Tubewells

9 Yrs

-

9  Yearly  equated Installments

5

 

108

Purchase of Pump Set

9 Yrs

-

9  Yearly  equated Installments

6

 

110

Drip Irrigation

9 Yrs

-

9  Yearly  equated Installments

7

 

111

Sprinkler Irrigation System

9 Yrs

-

9  Yearly  equated Installments

8

 

113

Rain Water Harvesting Scheme for SC / ST farmers

9 Yrs

2 Yrs

A) Interest to be recovered yearly during the Grace Period in 2 yearly installments.

B) Balance in 7 Yearly equated Installments

 

 

 S. No.

03

 Sub-Purpose Code

LAND DEVELOPMENT

Repayment period (inclusive of Grace Period)  Grace Period Mode of Repayment of Loan

9

 

302

Soil Conservation

10 Yrs

1 Yr.

A) Interest to be recovered yearly during the Grace Period

B) Balance in 9 Yearly equated Installments

10

 

303

Reclamation of Land

10 yrs

1 yr.

A)  Interest to be recovered yearly during the Grace Period

B) Balance in 9 Yearly equated Installments.

11

 

304

Under Ground Channels / Pipe-line

10 Yrs

1 yr.

A)  Interest to be recovered yearly during the Grace Period

B)  Balance in 9 Yearly equated Installments.

12

 

308

Land Levelling

10 Yrs

1 yr.

A)  Interest to be recovered yearly during the Grace Period

B) Balance in 9 Yearly equated Installments

13

 

307

Redemption of Land (Normal)

10 Yrs

-

10 Yearly equated installments

14

 

306

Purchase of Land (Scheme)

10 Yrs

- .

10 Yearly equated installments

  

 S. No.

05

 Sub-Purpose Code

FARM MECHANIZATION

 Repayment Period (includive of Grace Period)  Grace Period  Mode of Repayment of Loan

15

 

501

Tractor

9 Yrs

-

18 Half-yearly equated Installments

16

 

503

Thresher

5 Yrs

-

10 Half Yearly equated Installments

17

 

504

(A)    Harvestor Combine – Self – Driven

(B)    Harvestor Combine - Tractor Driven

5Yrs

5 Yrs

-

-

10 Half-Yearly equated  Installments

10 Half-Yearly equated Installments

18

 

506

Repair & Maintenance of tractor

5 Yrs

-

10 Half-yearly equated Installments

19

 

507

Trolley

7 Yrs

-

14 Half-yearly equated Installments

20

 

508

Agriculture Implements

7 Yrs

-

14 Half-yearly equated Installments

21

 

509

Straw Reaper

7 Yrs

-

14 Half-yearly equated  Installments

22

 

510

Strip Till Drill

7 Yrs

-

14 Half-yearly equated Installments

23

 

511

Old Tractor

7 Yrs

 

14 Half-Yearly equated Installments

 

 S. No.

06

 Sub-porpose code

PLANTATIONS & HORTICULTURE

 Repayment Period (includive of Grace Period)  Grace Period  Mode of Repayment of Loan

24

 

611

Mango

10 Yrs

5 Yrs

A)      First 5 Yrs nothing is to be recovered.

B)      For 6th &7th Year, only interest (Including Deferred Interest of first 5 Yrs) is to be recovered in 2 yearly equated Installments.

C)      Balance in 3 Yearly equated installments

25

 

612

Grapes

10 Yrs

3 Yrs

A)      First 3 Yrs nothing is to be recovered.

B)      Balance in 7 Yearly equated Installments (Including Deferred Interest of  first 3 years) is to be recovered.

26

 

616

Guava

10 Yrs

5 Yrs

A)      First 5 Yrs nothing is to be recovered.

B)      For 6th & 7th Year, only Interest (Including Deferred Interest of first 5 Yrs) is to be recovered in 2 yearly equated installments.

C)      Balance in 3 Yearly equated installments.

27

 

617

Citrus Fruits – Kinoo / Orange / Malta

10 Yrs

5 Yrs

A)      First 5 Yrs nothing is to be recovered.

B)      For 6th &7th Year, only Interest (Including Deferred Interest of first 5 Yrs)  is tobe recovered in 2 yearly equated installments.

C)      Balance in 3 Yearly equated installments.

28

 

618

Ber / Lichi and All other Fruits

10 Yrs

5 Yrs

A) First 5 Yrs nothing is to be recovered.

B) For 6th & 7th Year, only Interest (Including Deferred Interest of first 5 Yrs)  isto be recovered in 2 yearly equated installments.

C)  Balance in  3 Yearly equated installments

29

 

622

Gladiolus / Floriculture

6 Yrs

1 Yr.

A) During Grace Period, only interest to be recovered in 2 Half-yearly equated installments.

B) Balance in 10 Half-yearly  equated Installments

30

 

624

Mushroom Cultivation

7 Yrs

-

14 Half Yearly equated Installments.

31

 

628

Aromatic Flowers

(Rose / Tube-rose / Jasmine)

6 Yrs

1 Yr.

A)      During Grace-Period, only interest is to recovered in 2 Half-Year equated installments.

B)      Balance in 10 Half-Yearly equated Installments

32

 

629

Cultivation of Amla with Drip Irrigation in Kandi  area.

6 Yrs

1 Yr

A)      During Grace-Period, only interest is to recovered in 2 Half-Year equated installments.

B)      Balance in 10 Half-Yearly equated Installments

33

 

630

Cultivation of Aloevera in 8 distts.

6 Yrs

1 Yr

A)      During Grace-Period, only interest is to recovered in 2 Half-Year equated installments.

B)      Balance in 10 Half-Yearly equated Installments

34

 

629

Financing of Jatropha Plantation

10 Yrs

3 Yr

A)      During Grace-Period, only interest is to recovered in 2 Half-Year equated installments.

B)      Balance in 12 Half-Yearly equated Installments

 Contd.........