To provide credit support for cultivation of Crops/Post harvest expenses/Investment Credit Requirements
Eligible
All farmers,JLG/SHG, can take the loan under the scheme
Credit Limit
Need based as per the scale of finance prescribed for the respective crops by District Level Technical Committee (DLTC)
Margin
NIL
Charges & fee
NIL upto limit Rs.3 lakh
Collateral Security
NIL upto limit Rs.2.00 Lakh*
ROI
Upto Rs.3 Lakh: 7%**
Above Rs.3 Lakh upto Rs.10 lakh: One Year MCLR + 2%
Above Rs.10 lakh: One Year MCLR + 2.5%
**Rate of interest linked to the subvention scheme of GOI/RBI
2. Kisan Credit Card (KCC) Scheme: WC for Animal Husbandry and Fisheries
Purpose
To meet short term credit requirements of farmers engaged in animal husbandry and fisheries activities
Eligible
Farmers/ JLGs/SHGs engaged in Dairy, Poultry, Fisheries and other allied Activities
Credit Limit
Need based as per the scale of finance prescribed by District Level Technical Committee (DLTC)
Margin
NIL
Charges & fee
NIL upto limit Rs.3 lakh
Collateral Security
NIL upto limit Rs.2.00 Lakh*
ROI
Upto Rs.2 Lakh: 7%**
Above Rs.2 Lakh upto Rs.10 lakh: One Year MCLR + 2%
Above Rs.10 lakh: One Year MCLR + 2.5%
**Rate of interest linked to the subvention scheme of GOI/RBI
3. PSB Farm Mechanization for financing Tractor/Power tillers/ threshers/Reapers / bulldozers, JCBs, Well- Boring equipment/Combine Harvester & Any other implement
Purpose
For purchase of Tractor, threshers, JCBs, Combine Harvester & Any other implements for use as farm machinery for own Farm Activity and/or Custom Hiring Service purpose.
Eligible
Any individual or group of individuals, institution or organization doing farm activity.
Minimum Requirement
For Power tillers/ threshers/Reapers min 2 Acre own Agri land, for tractor min 2.5 Acre & for combine harvester min 5 Acre Agri land
4. PSB Scheme for Financing Two Wheeler/ Jeep/ Car/ SUV to Farmers
Purpose
Loan for purchase of Two Wheeler/Jeep/Car/SUV to farmers .
Eligible
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
Min. Requirement of Agri land
Two Wheeler: Minimum 1.00 acre
Four Wheeler: Minimum 2.50 acre
Margin
Minimum of 15% irrespective of loan amount
Charges & fee
0.25% of the loan amount, with minimum of Rs. 1000.
Collateral Security
Not be less than 100% to cover his total credit facilities from the bank.
ROI
Four Wheeler - MCLR + 0.25% PA, Two Wheeler – MCLR + 5%
Repayment
Upto 7 years (monthly/Qtly/HY)
5. PSB Kisan Suvidha Scheme (PSB KSS)
Purpose
All agriculture related activities
Eligible
All existing Kisan Credit Card (KCC) holder
Quantum of Finance
@₹50,000/- per acre of owned land with maximum of ₹ 5 Lakh
Margin
15% to 25 % of the project cost
Charges & fee
NIL upto limit Rs.3 lakh
ROI
Upto Rs. 50000: 1 Year MCLR+1.00 Above Rs. 50000 and upto Rs. 10 Lakh: – 1 Year MCLR+2.00 Above Rs. 10 Lakh: – 1 Year MCLR+2.50
Repayment
Upto 5 years
6. PSB Scheme for Advance Dairy Farming
Purpose
TL for equipments & infrastructure, WC for recurring expenditure
Eligible
All farmers, who have min. 2 years’ experience & min. 3-acre Agri land
Quantum of Finance
upto @₹60,000/- per cattle animals, min 10 & max 30 cattle*
Margin
TL - 15%
ROI
Upto Rs. 50000: 1 Year MCLR+1.00 Above Rs. 50000 and upto Rs. 10 Lakh: – 1 Year MCLR+2.00 Above Rs. 10 Lakh: – 1 Year MCLR+2.50
Repayment
TL - upto 7 years incl. 6-month moratorium, WC – on demand
Security
100% of the loan amount(Agri or urban property)
7. 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*.
Term Loan:Term Loan: Repayable in maximum 10 years, WC/OD – On demand
Security / Guarantee
Suitable Collateral Security & Suitable guarantee of third party/((ies) be taken.
Activity covered
All Activity as per Ministry of Food Processing Industries (MoFPI)
*Terms & conditions apply.
8.PSB SCHEME FOR FINANCING POULTRY FARMING (PSB POULTRY)
*Terms & conditions apply.
Purpose
To give special emphasis on meeting working capital and investment credit requirements of the farmers engaged in Poultry farming or intend to engage themselves in such an activity.
Eligible
Farmers/JLGs/SHGs/FPOs/Co-operatives/Corporate Farmers etc.
Extent of Limit
Working Capital: Based on Scale of finance by DLTC
9.PSB SCHEME FOR FINANCING PIGGERY UNITS (PSB PIGGERY)
*Terms & conditions apply.
Purpose
To give special emphasis on meeting working capital and investment credit requirements of the farmers engaged in Pig farming or intend to engage themselves in such an activity.
Eligible
Farmers/JLGs/SHGs/FPOs/Co-operatives/Corporate Farmers etc.
Extent of Limit
Working Capital: Based on Scale of finance by DLTC
10.PSB SCHEME FOR FINANCING APICULTURE (BEE KEEPING)
*Terms & conditions apply.
Purpose
To give special emphasis on meeting working capital and investment credit requirements of the farmers engaged in apiculture (Bee keeping) or intend to engage themselves in such an activity.
Eligible
Farmers/JLGs/SHGs/FPOs/Co-operatives/Corporate Farmers etc.
Extent of Limit
Working Capital: Based on Scale of finance by DLTC
To meet the term loan requirement of the farmers associated with minor irrigation activities.
Target group
Farmers/JLGs/SHGs/FPOs/Co-operatives/Corporate Farmers etc.
Extent of Limit
Term Loan: Need based
Minimum land holding
At least 1 acre of agricultural land*
Margin
NIL upto limit Rs.2.00 Lakh*
Charges
NIL upto limit Rs. 3 Lakh
Processing Fee
NIL upto limit Rs.25,000/-
Collateral Security
Third party guarantee upto limit Rs.2.00 Lakh*
ROI
One Year MCLR + 1% upto limit Rs. 50,000/-* & One Year MCLR + 2% above Rs. 50000/- to Rs.10 lakh*
12.PSB SCHEME FOR FINANCING SOLAR POWER PROJECTS UNDER PM KUSUM
*Terms & conditions apply.
Purpose
To provide collateral free credit for the portion other than subsidy to the beneficiaries under PM KUSUM scheme.
Target group
Farmers/JLGs/SHGs/FPOs/Co-operatives/Corporate Farmers/WUA etc. who are receiving financial assistance from the Central and State government under PM KUSUM Scheme.
Extent of Limit
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
10.00% of the total cost of the project
Charges
NIL upto limit Rs. 3 Lakh
Processing Fee
NIL upto limit Rs.25,000/-
Security
Hypothecation of the assets created out of bank finance.
ROI
Minimum RoI: One Year MCLR (Based on the collateral coverage and internal credit rating)
13.PSB SCHEME FOR FINANCING STORAGE INFRASTRUCTURE
*Terms & conditions apply.
Purpose
For meeting the term loan and working capital requirements of the Scientific Storage Facilities such as Godowns, Dry Warehouse, Cold Storage, Cold Chain, Silos and Market Yards
Eligible
Individual entrepreneurs and Proprietorship/ Partnership firms.
Self Help Groups (SHGs), Joint Liability Groups (JLGs), Farmer Producer Organisations (FPOs)/ (FPC) Companies.
Central/State agencies including State Government Departments and autonomous organization / State owned corporations such as Agricultural Produce Market Committees & Marketing Boards, State Warehousing Corporations, State Civil Supplies Corporations etc.
Nature & quantum of Loan
Term Loan:Need based
Working Capital Limit: Need Based
Margin
Up to Rs. 10 Cr : 15%
Above Rs 10 Cr: 25 %
Collateral Security
To be covered under CGTMSE/Other Credit guarantee Scheme or Collateral Security in the shape of immovable property/liquid security as per extant guidelines.
Term Loan:Maximum repayment period up to 10 Years including moratorium period of maximum of 12 months.
Working Capital Limit: 12 months, subject to annual review.
14.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.
17.PSB Scheme for Financing Farmer Producer Organizations (FPOs) backed by Credit Guarantee Scheme for FPO Financing (CGSFPO)
Purpose
To meet the financial needs of the Farmer Producer Organizations (FPOs) backed with guarantee coverage under Credit Guarantee Scheme for Farmer Producer Organisations (FPO) Financing (CGSFPO) from NABARD.
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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.
