Financing Dealers/Sellers/Traders of Fertilizers, Pesticides, Seeds
Features & Benefits
Fertilizers and pesticides play a vital role in the modern agriculture technology. Increased use of fertilizers and good quality of seeds results in increased food production. Bank provides finance to Dealers, Sellers and Traders of Fertilizers, Pesticides, Seeds, Cattle feed, Poultry feed, Agricultural implements and other inputs.
- Helps to meet working capital requirements of dealers/ sellers/ traders of fertilizers, pesticides, seeds, cattle feed, poultry feed, agricultural implements and other inputs
- No margin for limits up to and including Rs.1L
- Loan facility is made available as Agricultural Cash Credit
- Prompt processing of loan
- No hidden charges or heavy penalties
*Terms and Conditions apply
How to apply?
Who can apply
- Individuals, corporate, partnership firms, institutions who are dealers/ sellers / traders of fertilizers, pesticides, seeds, cattle feed, poultry feed, agricultural implements and other inputs.
- Applicant should have valid license from the State Government/ Department of Agriculture for fertilizer and pesticide dealers.
- Applicant should be an approved dealer of fertilizers, pesticides, seeds, cattle feed, agricultural implements and other inputs of good standing like FACT, SPIC etc.
- The applicant should have suitable premises for storage and sale.
How to avail the loan?
To avail the loan, Please visit any of our branches
Other Terms & Conditions
Loan Amount
- Maximum loan amount is Rs. 100 Lakhs.
Security
- Primary Security will be hypothecation of stock and book debts.
- For loan amounts above 1 Lakh, mortgage of landed property with a margin of 20% will be required as Collateral security.
Repayment
- Repayment shall be made as Lump sum on demand. It is a revolving cash credit limit. Sales proceeds are to be routed through the account
Interest Rates & Charges
Please visit the rates and charges page for details
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Features & Benefits
Loans to individual farmers [including Self Help Groups (SHGs) or Joint Liability Groups (JLGs) i.e. groups of individual farmers, provided banks maintain disaggregated data of such loans and Proprietorship firms of farmers, directly engaged in Agriculture and Allied Activities, viz. dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture. Loans sanctioned to Corporate farmers, Farmer Producer Organisations (FPOs)/(FPC) Companies of Individual Farmers, Partnership firms and Co-operatives of farmers engaged in Agriculture and Allied Activities are also eligible under farm credit subject to specific conditions.
AGRI INFRASTRUCTURE LOANS
Features & Benefits
Loans provided for construction of storage facilities, soil conservation and watershed development, Plant tissue culture and Agri-biotechnology, seed production, production of bio-pesticides, bio-fertilizer, and vermi composting are eligible to be classified under Agri infrastructure. Loans for construction of oil extraction/ processing units for production of bio-fuels, their storage and distribution infrastructure along with loans to entrepreneurs for setting up Compressed Bio Gas (CBG) plants are also eligible as per revised RBI guidelines.
AGRI ANCILLARY SERVICES
Features & Benefits
Loans to co-operative societies of farmers for purchase of the produce of members , Loans for setting up of Agri-clinics and Agri-business centres, Loans to Start-ups that are engaged in agriculture and allied services, Loans to Custom Service Units who undertake farm work for farmers on contract basis are eligible under this category. Loans provided for Food and Agro-processing up to an aggregate sanctioned limit of ₹100 crore per borrower from the banking system is also eligible under Ancillary services. Loans sanctioned by banks to MFIs and NBFCs complying specific conditions stipulated by RBI for on-lending to agriculture sector will also qualify under this head. In addition to these Bank loans to Primary Agricultural Credit Societies (PACS), Farmers’ Service Societies (FSS) and Large-sized Adivasi Multi-Purpose Societies (LAMPS) for on-lending to agriculture will qualify under ancillary category for priority classification.
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