For purchase of new Two-wheeler / Jeep / Car / Special Utility Vehicles (SUV) / Station Wagon / Rural Transport Vehicle etc. for carrying out own farm activity and/or custom hiring when there is lean season at farm.
Eligibility
Any individual or group of individuals, institution or organization which has sufficient and regular income either from own Farm Activity and/or Custom Hiring Service.
Borrower/s should have individual or collective ownership (within family) of minimum land holding of perennial irrigated agriculture land as under:
Type of Vehicle
Loan Amount
Minimum land holding
Two Wheeler
Up to Rs. 1.00 lakh
1.00 Acre
Above Rs. 1.00 lakh
2.50 Acre
Four Wheeler
Up to Rs. 5.00 lakh
2.50 Acre
Above Rs. 5.00 lakh
5.00 Acre
Zonal Manager is authorized to reduce the land holding criteria by 25% based on merits of the cases.
Nature of loan
Term loan
Quantum of finance
Two Wheeler: Upto Rs. 2.00 Lakh Four Wheeler: Upto Rs. 50.00 Lakh
The loan amount shall be 85% of the total cost.
Rate of Interest
New Two Wheeler vehicle: 1 yr MCLR + 3.00% New Four Wheeler vehicle: 1 yr MCLR + 0.50%
Margin
15% on road price inclusive of one time road tax, registration and insurance.
Primary Security
Hypothecation of assets created out of bank loan.
Collateral Security
Nil. Suitable guarantee of any one out of Spouse / Major Son / Third Party Guarantee to be obtained in the interest of the Bank. In case of Co-borrower – condition of guarantee is waived.
Repayment
Two Wheeler Vehicle: Maximum 3 Years Four Wheeler Vehicle: Maximum 7 Years
2. PSB UDYAN SCHEME
Purpose
Financial assistance will be made available for the following purposes:
(i) Establishment and development of new orchards or groves of Fruit crops, Plantation crops, Ornamental crops, Spices, Medicinal plants, Essential oil/aromatic plants, mushroom etc.
(ii) Rejuvenation of existing orchards or plantation, Construction of green house / poly house, Purchase of equipments / machinery.
Eligibility
(i) Individual farmers or group of farmers having aptitude / adequate experience as owner of land or as long term tenants or as lease-holders. Tenancy / lease period should be adequate i.e. at least 3 years more than the economic life of plants to be grown.
(ii) PSU / Private firms desirous of seeking financial assistance for plantation of fruit trees or other economic plants even on project basis.
Nature & Extent of Credit Facilities
Term Loan: for capital expenditure (Need based). Loan for working capital requirements are to be sanctioned as per KCC scheme of the Bank.
ROI
Upto Rs. 2 Lakh: 1 Year MCLR + 1.10% Above Rs. 2 Lakh: 1 Year MCLR + 2.10%
Margin
Up to Rs. 2.00 lakh: NIL
Above Rs. 2.00 lakh: 15%
Primary Security
Hypothecation of Crop / assets created out of Bank Loan.
Collateral Security
For limit up to Rs. 2.00 lakh: NIL
For limit above Rs. 2.00 lakh: Collateral security of agricultural land valuing 150% / equitable mortgage of non-agriculture property valuing 100% of the value of loan.
Repayment
For Establishment, development and Rejuvenation: 15 Years
For Greenhouse / Polyhouse / Mushroom / Equipment / Machineries: Maximum 7 years
3. PSB SCHEME FOR ANIMAL HUSBANDRY INFRASTRUCTURE DEVELOPMENT FUND (PSB AHIDF)
3. PSB SCHEME FOR ANIMAL HUSBANDRY INFRASTRUCTURE DEVELOPMENT FUND (PSB AHIDF)
Objective
To help increasing of milk and meat processing capacity and product diversification thereby providing greater access for unorganized rural milk and meat producers to organized milk and meat market.
Eligible Entities (EEs)
Farmer Producer Organization (FPO), Private companies, Individual entrepreneurs and Section 8 companies, Micro Small and Medium Enterprises.
Nature of Credit Facilities
Term Loan & Working Capital Loan
Quantum of Finance
Need based: As per the total financial outlay of the project
Hypothecation of stock / Book debt / Plant & Machinery etc.
Collateral Security
(i) Up to Rs. 2.00 Cr: 100% collateral security in the form of Equitable / registered Mortgage of land
(ii) Above Rs. 2.00 Crore & Up to Rs. 10.00 Cr: Point No. (i) + 50% collateral security for the remaining portion above Rs. 2.00 Cr in the form of Equitable / registered Mortgage of land
(iii) Above Rs. 10.00 Cr: Point No. (ii) + 25% collateral security for the remaining portion above Rs. 10.00 Cr in the form of Equitable / registered Mortgage of land
Margin
Nature of Loan
Margin (% of Project Cost)
Micro & Small Enterprises (as per MSME defined ceiling)
10%
Medium Enterprises (as per MSME defined ceiling)
15%
Other categories of enterprises
25%
Interest Subvention
3% for all eligible entities (EEs).
Department of Animal Husbandry and Dairying will directly pay the interest subvention to the bank.
Credit Guarantee
Credit Guarantee Fund of Rs. 750 Cr will be established and the same will be managed by NABARD. Credit guarantee will be provided only for those projects which are viable and are covered under MSME defined ceilings. The guarantee coverage would be up to 25% of the credit facility available to the borrower.
Repayment
10 years with a moratorium period of 02 years (maximum).
4. PSB SCHEME FOR FINANCING OF SEED POTATO GROWERS
Purpose
Financing of working capital as well as Term loan to the existing potato seed growers for expansion, modernization of farming operations, transportation and other post harvest operations like grading, sorting, cold storage, packaging etc.
Eligibility
The following categories of beneficiaries shall be eligible to raise loan under the Scheme:
Seed Potato growers, who are not defaulters of any Financial Institutions / Banks, should have minimum experience of 3 years in seed potato growing which can be ascertained by verifying previous years’ cold storage receipt of potato or through Potato Seed Growers Association of which borrower is member.
Note: The minimum experience of 3 years in potato seed growing may be exempted in case of Agriculture / Horticulture Graduates.
The growers owning land or land taken on lease, oral or written shall be accepted for finance. The written agreement (Pattanama) directly between the seed grower and the landowner, without registration with the revenue authority shall be accepted.
Nature of Facility
Working Capital and Term Loan (For purchase of new farm machinery / setting up of cold storage units)
Quantum of Loan
For Cultivation of Seed Potato: Limit will be fixed as per Scale of Finance for Potato Crop.
Owned / Leased Irrigated Land: Maximum upto Rs. 2,00,000/- per acre.
For Purchase of Farm Machinery:Upto 85% of invoice value.
For setting up of Cold Storage: No upper ceiling on the loan amount. However, upto Rs. 100 Crore per borrower from banking industry shall be covered under Agriculture and above Rs. 100 Crore it will be covered under MSME.
ROI
Upto Rs. 2 Lakh: 1 Year MCLR + 1.10% Above Rs. 2 Lakh: 1 Year MCLR + 2.10%
Margin
Term Loan (Farm Machinery etc.): 15% Working capital (other than KCC): 25% KCC: NIL
Security
Upto Rs. 1,00,000/-: Only Primary security i.e. Hypothecation of potato seed crop.
Above Rs. 1,00,000/-: Hypothecation of Seed Crop and Mortgage of Agricultural Land for value equal to 150% of the limit set up / Property (including residential / commercial property) for value equal to the loan amount may be accepted.
Repayment
Cash Credit / KCC: The term of sanction of Cash Credit limit will be upto 18 months.
Term Loan:
For farm machinery shall be repayable in a period upto 9 years including moratorium of maximum 18 months.
For Cold Storage shall be repayable in a period upto 15 years including a moratorium of maximum 24 months.
5. PSB SCHEME ON FINANCING AGRI SEED PROCESSING UNITS
Purpose
To extend Working Capital & Term Loan facilities for establishment of seed production & processing units.
Eligibility
Any individual, firms (Proprietorship / Partnership), Private Ltd and Limited Companies having owned / leased land (Minimum one acre of land).
Own Land: Having own land and building and godown with enough area for storing paddy, wheat or other food grain / pulses / oil seed etc.
Leased Land: Having seed processing units on leased land basis may also be considered for providing working capital and in that case lease deed should be registered and period of lease should not be less than ten years. No term loan should be allowed, in general, to existing seed processing units running on leased basis.
If any such unit requires term loan for purchase of machinery and equipment either for replacement purpose or increase in production, the same may be considered case to case basis on merit. In all such cases lease period (remaining) should be twice of the repayment period of term loans.
For any new unit in leased land where term loan is proposed, the lease period should not be less than ten years.
Nature of Facility
Working Capital and Term Loan
Quantum of Loan
As per the requirement of the business to be calculated as per MPBF norms.
ROI
a) upto Rs. 10 Crore: 1 Year MCLR + 0.25% b) above Rs. 10 Crore & upto Rs. 100 Crore: 1 Year MCLR + 0.50% c) above Rs. 100 Crore & upto Rs. 100 Crore: Click here (EBLR)
Margin
15% to 25% for working capital and term loan at the discretion of Branch Manager.
Collateral Security
Equitable / Regd. Mortgage of land and building of the processing unit as applicable.
In case of lease hold property, equitable mortgage of separate land and building is to be obtained in the name of borrower / Guarantors valued at minimum 100% of the loan limit.
Repayment
Cash Credit Limit: As per Bank norms. Term Loan: 5 to 7 years excluding moratorium of 18 months.
6. PM FORMALIZATION OF MICRO FOOD PROCESSING ENTERPRISES SCHEME
Objective
Enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector.
Promote formalization of the sector and integration with organized supply chains.
Increase access to common facilities like storage, packaging, laboratories and marketing.
Support Farmer Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives along with their entire value chain.
Setting up of Common Infrastructure by groups: FPOs / FPCs, Co-op (Cooperatives), SHGs (Self Help Groups) / and its federation, Government agencies who have established or propose to establish food processing line along with common infrastructure / value chain / incubation centres.
One District One Product (ODOP)
The Scheme adopts One District One Product (ODOP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products. There may be more than one cluster of ODOP in one district.
Quantum of Finance
There is no minimum or maximum credit limits stipulated by MoFPI in their guidelines.
Type of Facility
Cash Credit & Overdraft – Fund Based & Non Fund Based
Minimum 10% of Borrower’s contribution. Any Govt subsidy, seed money, etc. will be over and above borrower’s margin.
Credit Guarantee &
Interest Subvention
Credit Guarantee through CGTMSE
Interest Subvention of 2% under the interest subvention scheme.
Smooth subsidy disbursal via designated nodal Bank in coordination with State Nodal Agencies.
Repayment
Term loan to be repaid in 120 months including moratorium period (upto 6 months).
Cash Credit / OD Facility: On Demand subject to annual review.
7. SCHEME FOR FINANCING TO FOOD & AGRO BASED INDUSTRIES UNDER MSME CLUSTERS (ODOP)
Purpose
1) Working Capital: Fund based and non-fund based.
2) Term Loan:
(i) For purchase of Units / Shops / Office / Godowns / Plant & Machinery / Equipment for business purpose.
(ii) For construction of building / acquisition of factory land as well as building / for purchase of factory land with building under construction.
3) Bank Guarantee / Letter of Credit
(Standalone loan for purchase of land is not permitted)
Eligibility
Individuals / Sole proprietorship / LLP / Partnership / Companies / Trusts / Societies and Co-operative societies having valid Udyam Registration.
New customer as well as existing customer dealing with our Bank from 2 years or above are permitted to switch over to this scheme.
SMA-1, SMA-2 accounts in past 12 months are not eligible.
Nature of Loan
Working Capital / WCTL / Term loan for creation of fixed asset / Non-Fund (LC / BG)
Quantum of finance
Minimum Amt: Above Rs. 10.00 Lakh Maximum Amt: Rs. 100.00 Crore (CC + TL + Non-Fund) covered under PS
Margin
For Working capital:
Hypothecation of Stock & Book Debts – 15%
OD Against Property – 35% of RV Non Fund: 10% to 15% (Cash Margin)
For TL:
Plant & Machinery – 25%
Factory Land – 40%
Govt. allotted Factory Land – 30%
Purchase Factory / Commercial Building – 25%
Construction Factory / Commercial Building – 25%
Collateral Security
Where CGTMSE Coverage is proposed (Upto Rs. 5.00 Crore): To be covered under credit guarantee scheme (CGTMSE / CGSSI) wherever applicable, including HYBRID Security model.
TL: Max 10 years (including 12 months moratorium) Working Capital: 12 months subject to annual renewal.
8. PSB SCHEME FOR FINANCING DAIRY DEVELOPMENT
Purpose
Purchase & Maintenance of Milch Animals (Lactating / Buffaloes) for Milk Production / construction of cattle shed / purchase of machinery / cattle feed / cost of transportation (capped at Rs. 20000/- per cattle), purchase of female calves / crossbred heifer / other innovative animal husbandry activities.
Eligibility
Individual Farmers including SHGs or JLGs & Proprietorship firms directly intends / engaged (since 1 to 2 years) in dairy activities having sufficient owned or leased land for erecting shed (nearly 20–25 sq.ft. per animal) or have acquired training from State Development Boards / Agencies / Veterinary University.
Nature of loan
Term Loan & Working Capital
Quantum of finance
Term Loan: Maximum upto Rs. 50.00 Lakh.
Working Capital: To be sanctioned under KCC Scheme for Animal Husbandry & Fisheries.
Against NSC / KVP / Gold Jewellery (as collateral): 25%
Against FDR as collateral: 10%
Any subsidy available or Labor / Fodder / Material contributed by Farmer should be considered as Margin.
Collateral Security
Loan upto Rs. 2.00 lacs: Nil
Loan above Rs. 2.00 lacs: Mortgage of Agriculture land valued 100% of the total loan amount / Equitable / Registered mortgage of 100% loan value of urban property / Charge on FDRs / KVPs / NSCs / LIC etc.
Repayment
Term Loan: 7 years (84 monthly installments) including 6 months initial moratorium period. Gestation period / grace period should be linked with lactation period to cover dry period of the animal (30 months for Heifers).
Working Capital: On demand
9. SCHEME FOR EXTENDING FINANCIAL ASSISTANCE TO PROJECT PROPONENTS FOR ENHANCEMENT OF ETHANOL DISTILLATION CAPACITY OR TO SET UP DISTILLERIES FOR PRODUCING 1ST GENERATION (1G) ETHANOL FROM FEED STOCKS
Purpose
For setting up / expansion of grain based / molasses based / dual feed distilleries to produce ethanol.
To convert grain based distilleries to dual feed.
To set up new distilleries / expansion of existing distilleries to produce ethanol from other feed stocks producing First-generation (1G) ethanol such as sugar beet, sorghum, cereals etc.
5% of the project cost wherever tripartite agreement amongst the project proponents, the bank and the OMC for purchase of ethanol is executed.
Collateral Security
5% of the loan amount: Extension of 1st / 2nd (pari passu) charges on other existing securities or other securities where residual value is available / which are free from encumbrances as the case may be.
Interest subvention @ 6% per annum or 50% of rate of interest, whichever is lower.
Repayment
Door to Door Tenor shall not exceed 10 Years. However, payment of interest subvention on loan amount under the scheme will be limited to only 5 years including one year moratorium.
10. PSB SCHEME FOR FINANCING SOLAR POWER PROJECTS UNDER PM KUSUM
Purpose
Component-A: Setting up of 10,000 MW of Decentralized Ground / Stilt Mounted Grid Connected Solar or other Renewable Energy based Power Plants by individual / group / cooperatives / panchayat / FPOs / Water User associations etc. for a capacity of 500 kW to 2 MW.
Component-B: Installation of Stand-alone Solar Agriculture Pumps (Revised Target).
Component-C:Solarisation of Grid Connected Agriculture Pumps including Individual Pump Solarisation (IPS) & Feeder Level Solarisation (Revised Target).
Eligibility
For Component A & C: Farmers (Individual / Group) / Co-operatives of Farmers / Panchayats / FPOs / FPCs / WUA and other constitution of the borrowers permissible by Ministry of New and Renewable Energy.
For Component B: All farmers individually or jointly. Preference to Small & Marginal Farmers.
Nature of Loan
Term Loan
Quantum of Finance
Component A & C: Need Based Component B: Upto Rs. 10 lakh
North Eastern States, Sikkim, Jammu & Kashmir, Himachal Pradesh and Uttarakhand, Lakshadweep and A&N Islands:
10.00% of the total cost of the project (CFA = 50.00%, SFA = 30.00%)
Other States and UTs:
30.00% of the total cost of the project (CFA = 30.00%, SFA = 30.00%)
Margin
Component A: 25.00% of the total cost of the project Component B & C: 10.00% of the total cost of the project
Collateral Security
For Component A & C: At least 30% of exposure in the form of immovable property. Possibility should be explored to obtain charge on moveable / immoveable assets of the borrower / equitable mortgage of immovable properties belonging to promoters / family members & guarantors etc.
For Component B:Upto Rs. 1.60 Lakh: NIL Above Rs. 1.60 Lakh: Mortgage of Land (Accepted value of Land should be more than 100% of loan amount) & or third party guarantee (should not be less than 100% of loan amount).
Repayment
For Component A: Maximum 15 Years (including Moratorium Period 12 Months)
For Component B: Maximum 7 Years including gestation period (Moratorium: 6 Months or 1 Crop Season whichever is less)
For Component C:
Individual Pump Solarisation (IPS): Maximum 10 Years including gestation period (Moratorium: Maximum 6 Months)
Feeder Level Solarisation (FLS): 10 to 15 years including maximum moratorium period of 18 Months
11. PSB ANTYODAYA YOJANA – DAY NRL
Objective
Promoting poverty reduction through building strong institutions for strengthening women from economically weaker section, and enabling these institutions to provide a range of financial services and livelihoods.
Eligibility
For SHGs:
Women SHGs under DAY-NRLM consist of 10–20 members. In case of special SHGs i.e. groups in the difficult areas, groups with specially persons, and groups formed in remote tribal areas, this number may be a minimum of 5 members.
However, only in case of groups to be formed with persons with disabilities and other special categories like elderly and transgender, DAY-NRLM may have both men and women in the Self Help Groups.
Federations of Self Help Groups formed at village, gram panchayat, cluster or higher level may be registered under appropriate Acts prevailing in their respective states.
For Individual:
Individual woman member must be above 18 years of age.
Woman from Non Credit Linked & Credit Linked SHGs sponsored by DAY-NRLM.
Type of Facility
Term Loan (TL)
Cash Credit Limit (CC)
Quantum of Loan
Individual & SHG
(i) Minimum Rs. 50,000/-
(ii) Maximum Rs. 20 Lakh
ROI
For SHGs:
S No
Loan Limit
Particulars
1
Upto Rs. 3 Lakhs
7% (Fixed)
2
From Rs. 3 Lakh to Rs. 5 Lakh
1 Year MCLR
3
Above Rs. 5 Lakh
One Year MCLR + 2.10%
For Individuals (According to activities – Agriculture or MSME):
(i) Up to Rs. 10 Lakh: NIL
(ii) Above Rs. 10 Lakh upto Rs. 20.00 Lakh: 10%
Primary Security
Hypothecation of assets created out of Bank’s Finance.
Collateral Security
Collateral free loans up to Rs. 10.00 Lakhs to SHGs.
Collateral free loans to SHGs upto Rs. 20.00 Lakhs under DAY NRLM Scheme, that entire loan (irrespective of loan outstanding amount if it goes below Rs. 10 Lakh) would be covered under Credit Guarantee Fund for Micro Units (CGFMU).
Tenure of Loan
Term loan to be repaid in 84 months including moratorium period (upto 6 months).
Cash Credit / OD Facility: On Demand subject to annual review (Interest to be recovered as and when due).
12. PSB Scheme on Financing Food and Agro Processing Units
Purpose
To provide financial assistance for creation of processing and preservation capacities and modernization / expansion of existing food processing units.
To provide credit support for food & agro processing units.
Eligible
Individuals / SHGs / JLGs / Proprietorship Firms / Partnership / LLP / Pvt. Ltd. Co. / Public Ltd. Co. / Trust and Co-operative Societies registered under any law relating to co-operative societies / FPOs and other legal entities etc.
Extent of Limit
Term Loan: Need Based Working Capital Limit (Funded + Non-Funded): Need Based Overdraft against Property (ODP): Maximum upto Rs. 500 lacs*
Margin
25% *
Facilities
Term Loan
Working Capital Limit (Funded + Non Funded)
Overdraft against Property (ODP)
Term Loan: Repayable in maximum 10 years WC / OD: On demand
Collateral Security
As per Bank Norms / CGTMSE Coverage
Activity covered
All Activity as per Ministry of Food Processing Industries (MoFPI)
*Terms & conditions apply.
13. PSB e-PLEDGE LOAN (PSB ePL)
Purpose
For financing against the pledge of e-NWR issued by repository/ies for stock / goods kept in WDRA accredited godowns.
Eligible
Farmers (including association of farmers like Primary Agri. Coop. societies, farmers’ producer companies of individual farmers, partnership firms and co-operatives of farmers, directly engaged in Agriculture and Allied Activities).
Traders, Food and Agro-processing Units, Arthiyas (Commission Agent).
Exporters / Importers who are original depositors covering only non-perishable agricultural commodities.
Nature of Loan
Demand Loan & Cash Credit
Quantum of Loan
Farmers:
Minimum: Rs. 50,000
Maximum: Rs. 75 Lakh
For Others:
Minimum: Rs. 50,000
Maximum: Rs. 10 Crore
Margin
25%
Security
Pledge of Agricultural commodity and duly discharged / lien marked warehouse receipts.
Within 12 months
For Long term Crops: Maximum 18 months
15. PSB KISAN TATKAL SCHEME
Purpose
An instant credit for farming community to meet the emergency requirements for Agriculture and domestic purposes for tiding over temporary difficulties.
Target Groups
Individual farmers / joint borrowers (not exceeding 4 farmers) who are existing Kisan Credit Card (KCC) holders having satisfactory track record and agriculture as predominant activity.
Nature of Loan
Term Loan
Credit Limit
Minimum Limit: Rs. 5,000/- Maximum Limit: Rs. 10 Lakh
Margin
NIL
Collateral Security
Existing property mortgaged with the Bank subject to availability of sufficient residual value.
Repayment
Repayable in 7 years
16. PSB KISAN ALL PURPOSE TERM LOAN SCHEME
Purpose
To create a hassle-free single term loan to farmers for all term loan requirements like farm mechanization, land development, minor irrigation, water conservation, horticulture, allied activities and other agri-related activities etc.
Target Groups
Individual, Joint / Group of Farmers – owner cultivators and JLGs, SHGs etc. engaged in agriculture and related activities.
Applicant should be our existing Agriculture loan borrower (other than Gold loan) with regular repayment.
Nature of Loan
Term Loan
Credit Limit
Maximum credit limit: Rs. 30 Lakh
Margin
Up to Rs. 5 Lakh: NIL
Above Rs. 5 Lakh: 15%
Collateral Security
Up to Rs. 2 Lakh: Nil
Above Rs. 2.00 Lakh as per Bank norms
Repayment
Repayable in 10 years
17. PSB SCHEME FOR FINANCING FARMERS FOR PURCHASE OF LAND FOR AGRICULTURAL PURPOSE
Purpose
The scheme aims at providing term loan to farmers including Small & Marginal farmers including share croppers / tenant cultivators to purchase agricultural land as well as fallow and wasteland having independent access production to develop and cultivate it with a view to increase production / productivity.
It also enables them to diversify the present activities and to take up allied activities.
Target Groups
Farmers including Small and Marginal farmers, Share croppers / tenant farmers cultivating upto 2.5 acres of irrigated land or 5 acres of unirrigated land as the case may be.
Entrepreneurs who do not own agricultural land but have agricultural background are also eligible subject to state laws.
Non Individual / HUF are not eligible under the scheme.
Nature of Loan
Term Loan
Credit Limit
Minimum Amount: Rs. 5.00 Lakh Maximum Amount: Rs. 25.00 Lakh
Margin
25%
Collateral Security
Land proposed to be purchased has to be mortgaged.
Repayment
Repayable in 10 years
18. PSB SCHEME FOR EXTENDING ESTATE PURCHASE LOANS
Purpose
To purchase estates / orchards growing traditional plantation crops viz. coffee, tea, rubber and cardamom.
To purchase estates / orchards growing high value crops like cashew, pepper, coconut, and other perennial orchard crops.
Target Groups
Individuals / Joint Borrowers / Proprietorship Firms / Partnership Firms / LLP / Corporate will be financed.
(HUF not allowed under the scheme)
10 years, extended upto 15 years on case-to-case basis.
19. PSB Scheme for Financing Krishi Bhandaran against Warehouse Receipts (p- Pledge)
Purpose
Finance available to Farmers / Food and Agro-Manufacturing Units / Food and Agro-Trading Units.
Target Groups
Farmers who are availing KCC from our Bank and are original depositors covering.
Food & Agro Manufacturing Units: Existing borrowers as well as new units having satisfactory credit history and due diligence report (Food and Agro Processors).
Food & Agro Trading Units: Existing MSME borrowers as well as new MSME units having satisfactory credit history and due diligence report (Traders, Arthiyas, Exporters / Importers).
Nature of Loan
Demand Loan / Cash Credit Limit
Credit Limit
For Financing to Farmers: Min Amt Rs. 5.0 Lakhs – Max Amt Rs. 60 Lakh
For Financing to Food & Agro Manufacturing Units: Min Amt Rs. 5.0 Lakhs – Max Amt Rs. 10 Crore
For Financing to Food & Agro Trading Units: Min Amt Rs. 5.0 Lakhs – Max Amt Rs. 10 Crore
Margin
25% to 35%
Collateral Security
As per Bank Norms – Pledge of Agricultural commodity and duly discharged / lien marked warehouse receipts.
Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). The sub-scheme is aimed at formalization of fisheries sector and providing robust support to micro and small enterprises operating in the fisheries value chain.
Target Groups
Fishers, Fish (Aquaculture) Farmers, fish Workers, Fish Vendors or such other person directly engaged in fisheries value chain.
Micro and Small enterprises in the form of Proprietary Firms, Partnership Firms and Companies registered in India, Societies, Limited Liability Partnerships (LLPs), Cooperatives, Federations, Village Level Organizations like Self Help Groups (SHGs), Fish Farmers Producer Organizations (FFPOs) and Startups engaged in fisheries and aquaculture value chains.
FFPOs also include Farmers Producer Organizations (FPOs).
Any other beneficiaries that may be included by the Department of Fisheries, Govt of India as targeted beneficiaries.
Nature of Loan
Term Loan / Working Capital
Credit Limit
Minimum Rs. 50,000/-
Maximum Rs. 30 Lakhs
Margin
Upto Rs. 2,00,000/- : NIL
Above Rs. 2,00,000/- : 20% of the Project Cost
Implementing Agencies
Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India.
National Fisheries Development Board.
Collateral Security
Collateral security of agricultural land valuing not less than 100% of the amount of loan by way of creation of charge or mortgage of land in favour of Bank.
Repayment
5 to 8 years
21. PSB SCHEME FOR FISHERIES AND AQUACULTURE INFRASTRUCTURE DEVELOPMENT FUND (FIDF)
Purpose
The FIDF was created by Ministry of Fisheries, Animal Husbandry and Dairying, Department of Fisheries with the following objectives:
Creation and modernization of capture & culture fisheries infrastructure.
Creation of Marine Aquaculture Infrastructure.
Creation and modernization of Inland Fisheries Infrastructure.
Reduce post-harvest losses and improve domestic marketing facilities through Infrastructure support.
To bridge the resource gap and facilitate completion of ongoing Infrastructure projects.
Target Groups
All State Government / Union Territories.
State Owned Corporations / State Govt. Undertakings / Govt Sponsored / Supported Organizations.
Cooperatives, collective groups of fish farmers & fish produce groups etc.
Panchayat Raj Institutions / Self Help Groups (SHGs) / NGOs.
SCs / STs / Marginal Farmers, Women & Entrepreneurs, Self Help Groups (SHGs) / NGOs.
Private Companies / Entrepreneurs.
Physically disabled.
Any other Institution / entity to be decided by the Government.
Nature of Loan
Term Loan
Credit Limit
Need Based
Margin
20%
Implementing Agencies
National Fisheries Development Board (NFDB), Hyderabad
For further details, Branches may refer Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India guidelines for FIDF. (Refer website: https://www.fidf.in)
Collateral Security
Collateral security as per Bank Norms
Repayment
12 years
22. PSB RICE SHELLER POLICY
Purpose
The main purpose of rice sheller financing is to provide capital for establishing, modernizing, and expanding rice milling businesses, helping them boost efficiency, increase production, improve quality, and meet growing food demands, often with government subsidies to lower costs for entrepreneurs in the vital agro-processing sector.
Extent of Limit
(I) Working Capital:
(a) Cash Credit: Hypothecation; Need Based
(b) Overdraft against Property (ODP): Maximum Rs. 5 Crore
To mobilize a medium-long term debt financing facility for investment in viable projects for post-harvest management infrastructure and viable farming assets through incentives and financial support in order to improve agriculture infrastructure in the country.
Implementation Period
The scheme will be operational from 2020-21 to 2032-33.
Eligible Beneficiaries
Farmers, Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Groups (SHGs), Joint Liability Groups (JLGs), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups and Central/State agency or Local Body sponsored Public Private Partnership Projects, State Agencies, Agricultural Produce Market Committees (Mandis), National & State Federations of Cooperatives, Federations of FPOs (Farmer Producer Organizations) and Federations of Self Help Groups (SHGs).
APMCs operating regulated markets for agriculture and allied sector produce including fisheries shall also be eligible. PACS who have adopted digitization for handling its operations will be given preference under the scheme.
Extent of Limit
Need based.
Limit to be decided on the basis of project cost and total financial outlay of the project.
The maximum tenor shall be 07 years including moratorium period.
Interest Subvention
All loans under this financing facility will have interest subvention of 3% per annum up to a limit of Rs. 2 crore. This subvention will be available for a maximum period of 7 years. In case of loans beyond Rs. 2 crore, the interest subvention will be limited up to Rs. 2 crore.
Collateral Security
CGTMSE Coverage up to Rs. 2 Crore.
Beyond Rs. 2 Crore as per Bank norms.
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A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
General Manager-IT,
Punjab & Sind Bank
Internet Banking
Dear customers,
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
