Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
Non Form Activities other than Agricultural Sector ( Handicrafts, Village Industries, Leather Industries, Glass, Chemicals, Plastic, Electronics etc.)
Eligibility
:
A person should meet the following conditions
- should reside in service area of bank.
- should be minimum 18 yrs of age.
- possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.50 lakhs
Disbursal of Installments
:
As per Project Report.
Margin
:
10%
Repayment Period
:
- Upto Rs.50000 /- – 5 years (10 Half-Yearly equated installments.)
- Rs. 50001/- to Rs. 200000/- – 7 years (14 Half-Yearly equated installments.)
- Rs. 200001/- & above – 10years (20 Half-Yearly equated installments.)
Collateral Security
:
Agricultural Land/Urban Property
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To generate more employment opportunities and thereby increase their income.
Eligibility
:
A person should meet the following conditions
- should reside in service area of bank.
- should be minimum 18 yrs of age.
- possess either agriculture land or be a lessee/Tenant of agriculture land.
- only for candidates training from PAU Ludhiana/Chief Agri. Officer of H.Q. concerned
- sponsored case from the Department.
Max.Loan
:
- 50 colony units- Rs.3,63,000/-
- 100 colony units-Rs.9,61,000/-
- 250 colony units-Rs.24,59,000/-
Disbursal of Installments
:
As per Project Report.
Margin
:
10%
Repayment Period
:
5 years (10 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
To be given by National Horticulture Mission.
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
By acquiring Two Wheelers farmers will increase their mobility, save their valuable time on travel and reduce cost of training.
Eligibility
:
A person should meet the following conditions
- should reside in service area of bank.
- should be minimum 18 yrs of age.
- possess either agriculture land or be a lessee/Tenant of agriculture land.
- loanee/employee should possess valid driving licence
Max.Loan
:
As per market price
Disbursal of Installments
:
Single
Margin
:
25%
Repayment Period
:
5 years (10 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To assist in transportation of rural farm and non-farm products and inputs to / from urban market centre.
Eligibility
:
A person should meet the following conditions
- should reside in service area of bank.
- should be minimum 18 yrs of age.
- possess either agriculture land or be a lessee/Tenant of agriculture land.
- borrowers should possess valid driving licence
Max.Loan
:
Up to 16.2 tonnes capacity of grains weight.
Disbursal of Installments
:
Single
Margin
:
15%
Repayment Period
:
5 years (10 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
NFS Activities other than Agriculture Sectors
Eligibility
:
A person should meet the following conditions
- should reside in service area of bank.
- should be minimum 18 yrs of age.
- possess either agriculture land or be a lessee/Tenant of agriculture land.
- to provide working capital requirement of the farmers for this purpose
Max.Loan
:
Rs 18 lakhs only (Rs 1 lakh per acre).
Disbursal of Installments
:
As per project Report
Margin
:
Nil
Repayment Period
:
Between 5 – 10 years in half-yearly equated installments
- Rs. up to 3 lakh – 5yrs
- Rs. 3 to 10 lakhs – 7yrs
- Rs. 10 to 18 lakhs – 10 yrs
Collateral Security
:
Agricultural Land/Urban Property
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA