Ø      Eligibility :

à  Farmers supplying cane to reputed sugar Mills for the past three years

à  Term loan should also be recommended by the Mill.

Ø      Purpose :

à  To enhance credit facility to the registered cane growers for investment credit requirements of farm activities besides crop loan.

Ø      Total Project Cost :

à  Crop Loan as per “Golden Harvest Scheme”
60% of value of the estimated produce or Rs.20,000/- per acre whichever is lower.

à  Term loan
. Activity based maximum of Rs.15, 000/- per acre.
. Ceiling of Rs.1 lakh per borrower if permitted, for taking up various developmental activities like deepening of wells, bore well, installing Drip system, land development, etc

Ø      Rate of Interest :
            ( Term Loan )

< Rs. 0.50 lakhs -                       @ BPLR+TP - 2.50% - 10.50%

Rs.0.50 – Rs.2.00 lakhs -            @ BPLR+TP -1.00% - 12.00%

Rs.2.00 - Rs.5.00 lakhs    -          @ BPLR+TP+ 0.5% - 13.50%

> Rs.5.00 lakhs    -                      @ BPLR+TP +1.00% - 14.00%

Ø      Repayment :

à  Crop Loan
Bullet payment within a period of 15 months max.

à  Crop Loan
To be repaid in 3 crop seasons.

3 annual installments as sugarcane is annual crop, irrespective of the developmental activity undertaken with Bank finance.