PRODUCTION/CROP LOANS
The Bank is providing Seasonal Agricultural Operations (SAO) loans to the farmers through the PACS under the following programmes subject to individual maximum borrowing power as under::
- S.A.O. (Normal crop loans)
- Oil Seeds Production Programme (OPP)
- Development of Tribal Population (DTP)
The Bank is advancing various crop loans viz., paddy, maize, ground nut, chilies, cotton, turmeric etc., to Kisan Credit Card holders/Members of PACS upto Rs.50,000/- charging interest @ 7.00% p.a., upto due date and thereafter 11.75 % as per the applicable scale of finance fixed by the Dist.Level Technical Group Committee from time to time.
SCALE OF FINANCE:
The TECHNICAL GROUP COMMITTEE in its meeting held on
29.09.2010 has gone through various aspects viz., cost of cultivation, inputs, fertilizers and Agro-climatic conditions prevailing in the districts and recommended the following crop-wise scales of finance for Kharif 2011 and Rabi 2011-12.
| S.No | Name of the Crop | Irrigated/Un-irrigated |
Scales of financefixed by the Committee for the year 2011-12 |
| 1 | Paddy | 14000 to 14500 | |
| 2 | Maize | Irrigated | 12000 to 12500 |
| 3 | Maize | Rainfed | 11000 to 11500 |
| 4 | Jowar | 8000 to 8500 | |
| 5 | Groundnut | Rainfed | 8000 to 8500 |
| 6 | Groundnut | Irrigated | 12000 to 12500 |
| 7 | Chillies | Rainfed | 14000 to 14500 |
| 8 | Chillies | Irrigated | 24000 to 25000 |
| 9 | Cotton | Rainfed | 15000 to 15500 |
| 10 | Cotton | Irrigated | 18000 to 18500 |
| 11 | Turmeric | 25000 to 28000 | |
| 12 | Green gram | 3000 to 3200 | |
| 13 | Castor | 6500 to 7000 | |
| 14 | Sugarcane | Eksala | 25000 to 26000 |
| 15 | Sugarcane | Ratoon | 12000 to 12500 |
| 16 | Seasum | 2800 to 3000 | |
| 17 | Tobacco | 16500 to 18500 | |
| 18 | Wheat | 4800 to 5000 | |
| 19 | Sunflower | 7500 to 8000 | |
| 20 | Redgram | 6000 to 6500 | |
| 21 |
Sericulture mulberry plantation & Silkworm rearing |
22000 to 25000 | |
| 22 | Soya bean | 8000 to 8500 | |
