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Banking & Credit :: ORIENTAL BANK OF COMMERCE

1. Agriculture Clinic & Agriculture Business Centers

2. Kisan Credit Card - Oriental Green Card (OGC)

3. Composite Credit Scheme for Agricultural Lending

4. Scheme for purchase of Tractor

5. Advance against Warehouse Receipts to Farmers

6. Purchase of Land for Agriculture Purposes

7. Financing Two /Three wheelers to farmers under Kisan Bike Scheme

8. Scheme for Financing Commission Agents

9. Scheme For Financing Farmers For Purchase Of Trucks And Other Transport Vehicles

10. Scheme for purchase of Second Hand Tractor

11. Scheme for Financing Timber Merchants and Saw Mills

12. Scheme for financing working capital requirement of Cold Storage

13. Scheme for purchase of Tractor

14. Agricultural Loan against security of Gold Jewellery

15. Laghu Udhami Credit Card-Oriented business Card Scheme(OBCS)

16. Swarojgar Credit Card Scheme

17. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

18. Model Scheme For Financing Coconut Farming

LOAN TO WOMEN

1.Oriented Mahila Vikas Yojana

2. Scheme for Professional & self Employed Women

3. Scheme for Beauty Parlor/ Boutiques/ Saloons/Tailoring

4. Scheme for Financing Working Women

 


1. AGRICULTURE CLINIC & AGRICULTURE BUSINESS CENTERS

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Purpose:

For financing of setting up of Agricultural Clinics and Agricultural Business Centers.

Eligibility:

  • Graduates in Agriculture or allied subjects. For Group (normally of 5), a member to be Management
  • Graduate/Experienced in Management/ Human Development.

Amount of Loan:

Project Cost based, Max. Rs.10 lakhs for Individual and Rs.50 lakhs for Group of 5 Persons.

For further details Click here


2. KISAN CREDIT CARD - ORIENTAL GREEN CARD (OGC)

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Purpose:

Crop production needs/ Working Capital needs for other Farm and Non-Farm activities(allied activities), for repair of Machinery, Consumption needs etc.

Eligibility:

Farmers/ Cultivators/ Artisans engaged in Farm and Non-Farm activities.

Amount of Loan:

Need Based. There is no ceiling.

For further details Click here


3. COMPOSITE CREDIT SCHEME FOR AGRICULTURAL LENDING

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Purpose:

For Credit needs of Farmers including those for Farm operations, development of agriculture etc. & domestic expenditure.

Eligibility:

All farmers

Amount of Loan:

Maximum to the extent of 50% of the value of land offered as security or Rs.7.50 lakhs whichever is lower.

For further details Click here


4. SCHEME FOR PURCHASE OF TRACTOR

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Eligibility Criteria:

An individual, joint co-borrower, HUF proprietorship partnership (P) Ltd. , Ltd. Companies, Cooperative Society, Trust are eligible under the scheme who have minimum 2.5 acres of agriculture land with permanent source of Irrigation for minimum in two crops in a year and borrowers are non-defaulter of any financial institution.

It can be considered by taking into account the assets utilization for a minimum of 1000 hours of productive work per year on own farm and custom hiring.

Amount of Loan:

90% on the invoice value of Tractor & implements.

Security:

Hypothecation of tractor along with implements if applicable. Mortgage of agriculture land to secure the advance adequately or Third party guarantee acceptable to bank.

For further details Click here


5. ADVANCE AGAINST WAREHOUSE RECEIPTS TO FARMERS

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Purpose:

To provide loan to farmers against their produce kept in warehouses.

Eligibility:

All farmers who keep their agriculture produce in godown/warehouse.

Amount of Loan:

Maximum Rs.10 lakhs.

For further details Click here


6. PURCHASE OF LAND FOR AGRICULTURE PURPOSES

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Purpose:

To finance purchase of land for Agriculture Purposes.

Eligibility:

Small & Marginal Farmers, Tenants and Share Cropper owing land upto 5 acres, including the one proposed to be purchased.

Amount of Loan:

Maximum Rs.10 lakhs.

For further details Click here


7. FINANCING TWO /THREE WHEELERS TO FARMERS UNDER KISAN BIKE SCHEME

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Purpose:

To provide mobility to the eligible borrowers for marketing their produce & procuring inputs.

Eligibility:

Any person engaged in farming/allied activities/ retail traders/artisans/ Vendors.

Amount of Loan:

Maximum Rs.1.00 lakhs.

For further details Click here


8. SCHEME FOR FINANCING COMMISSION AGENTS

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Purpose:

Short term Finance to Commission Agents for onward lending to Farmers.

Eligibility:

Commission Agents with established reputation & good relationship with the bank.

Amount of Loan:

Max. 60% of debts being serviced or 75% of the Capital employed by Commission Agent, whichever is lower.

For further details Click here


9. SCHEME FOR FINANCING FARMERS FOR PURCHASE OF TRUCKS AND OTHER TRANSPORT VEHICLES

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Purpose:

For Purchasing New Truck, Pick-up van, Jeeps and other transport vehicles.

Eligibility:

Persons and institutions engaged in farming or allied agricultural activity. For truck loans farmers whose land holding is minimum 5 acre. Loans for purchase of light/medium vehicles like jeeps, pick-up vans, mini-trucks, etc. to farmers having minimum land holding 3 acre.

Amount of Loan:

  • 85% on the invoice value of chassis.
  • 75% against body.

For further details Click here


10. SCHEME FOR PURCHASE OF SECOND HAND TRACTOR

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Eligibility Criteria:

Any farmer / entity having minimum 4 acres of agriculture land with source of Irrigation and non-defaulter of any financial institution.

It can be considered by taking into account, the assets utilization for a minimum of 1000 hours of productive work per year on own farm & custom hiring.

Age of Tractor:

Should not be older than 6 years.

Amount of Loan: 75,000/-

Security:

Hypothecation of tractor along with implements, if applicable. Mortgage of agriculture land to secure dequately the advance or Third party guarantee acceptable to bank.

For further details Click here


11. SCHEME FOR FINANCING TIMBER MERCHANTS AND SAW MILLS

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Eligibility:

Small entrepreneurs which fall under SSI category and are not importing woodlogs are eligible for composite loan (cash credit + term loan) for meeting day to day business activities besides occasional requirement of term loan for increasing capacity in saw mills.

Loan Amount:

Rs.25 lakhs. Out of which term loan component shall be maximum of 25%

Margin: 20%

For further details Click here


12. SCHEME FOR FINANCING WORKING CAPITAL REQUIREMENT OF COLD STORAGE

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Eligibility:

  1. Working Capital Finance is to be provided to those units, who have either availed term loan from our bank or have not availed any loan facility from any other financial institutions.
  2. The term loan account of these cold storage holders should be Standard Regular.
  3. Multiple banking arrangement is strictly prohibited under the scheme.

Purpose:

To meet the working capital requirement of cold storage units for onward lending to the farmers who have stored their agricultural commodities with them.

Amount of loan:

  • 70% of the capacity of the storage unit or last 3 years actual average storage and market value or minimum support price of agricultural commodities whichever is less.
  • However, under the onlending the loan amount per farmer should not exceed Rs.2.00 lac or 70% of value of produce stored whichever is lower.

For further details Click here

13. Scheme for purchase of Tractor

Eligibility Criteria :
An individual, joint co-borrower, HUF proprietorship partnership (P) Ltd. , Ltd. Companies, Cooperative Society, Trust are eligible under the scheme who have minimum 2.5 acres of agriculture land with permanent source of Irrigation for minimum in two crops in a year and borrowers are non-defaulter of any financial institution.

It can be considered by taking into account the assets utilization for a minimum of 1000 hours of productive work per year on own farm and custom hiring. 

Amount of Loan:
90% on the invoice value of Tractor & implements.

Security :
Hypothecation of tractor along with implements if applicable. Mortgage of agriculture land to secure the advance adequately or Third party guarantee acceptable to bank.

Margin Money :

10% of total value of tractor and implements.

Repayment:

The entire loan shall be repaid in half yearly installments 5 - 9 years. 
Gestation period/moratorium period : minimum 6 months & maximum 18 months.

14. Agricultural Loan against security of Gold Jewellery

Purpose Loan available for the short term production and long term investment for agriculture/allied activities as well as domestic requirement such as education, consumable items, medical expenses etc.

Eligibility: The scheme is open for all farmers/ cultivators engaged in agriculture irrespective of land holding


15. Laghu Udhami Credit Card-Oriented business Card Scheme(OBCS)

Eligibility :

Persons engaged in activities like small business units, retail traders, artisans, village industries, small scale units, professional and self employed persons etc.

Amount of Loan :

Maximum loan up to Rs.10.00 lac per borrowal account.

Margin : 10% -

Validity of card :
Oriental Business Card limit will be valid for 3 years, The account will be reviewed on yearly basis through a simple process note, already in vogue.

Security :
Loan upto limit of Rs.25000/- : Hypothecation of assets created out of Bank funds under Oriental Business Card

Loan Over Rs.25,000/- and Upto limit of Rs. 10.00 lacs :

Primary security : Hypothecation of assets purchased by Bank funds.

Collateral Security : No Collateral security is to be obtained in case of Artisans (Permissible maximum credit limit per borrowal account is Rs. 2.00 lac). No Collateral security is to be obtained in case of Micro and SE Sector, Small Scale Service & Business (Inustry-Related) Enterprises-SSSBEs where per borrowal credit limit is upto Rs. 5.00 lac, however, cover under CGTMSE must be obtained in these cases.

Repayment : Within 5 years.


16. Swarojgar Credit Card Scheme

Purpose:
For composite loan to small artisans/micro entrepreneurs.

Eligibility:
Small artisans/handloom weavers/small entrepreneurs etc.

Amount of Loan: Composite loan Max.Rs.25000/-

Security: Hypothecation of assets created out of Bank finance.

Margin: Nil

Repayment: Payable in Equal Monthly Installments within 5 Years


17. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

Eligibility :
All new or existing Micro and Small Enterprises (Manufacturing Sector and Service Sector) to which credit facility has been provided by the Bank without any collateral security and/or third party guarantees.

Loan Amount:
The maximum loan granted under the Scheme will be Rs. 100 lakh per MSE unit for fund based and non fund based facilities.

The additional credit facilities sanctioned upto Rs. 100 lakh per borrower, subsequently without any collateral security and/or third party guarantees to such MSE unit for fund based and non fund based facilities.

Guarantee Fee and Annual Service Fee :
The guarantee cover is available on payment of "one time guarantee fee" @1.50% of the credit facilities sanctioned and the"annual service fee" @0.75% of the credit facility extended by the MLIs.( Guarantee Fee is 0.75% for the loans to borrower in North Eastern Region including Sikkim)

For loans upto Rs. 5.00 lakh sanctioned by the MLIs, guarantee fee is 1.00% and annual service fee is 0.50%.
Annual Service Fee of 0.25% is recovered from the following borrowers and the balance i.e. in excess of 0.25% out of 0.50% or 0.75% as applicable to the borrowers shall be borne by the Bank in respect of guarantee cover:

(a) All loans upto Rs. 2.00 lakh,
(b) All eligible women Enterpreneurs,
(c) All eligible borrowers located in the North Eastern Region( including Sikkim)

For loans upto Rs. 5.00 lakh sanctioned by the Bank, guarantee fee @ 1.00% and annual service fee @ 0.50%. shall be borne by the Bank.


18. Model Scheme For Financing Coconut Farming

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Purpose:

Credit facilities can be provided for establishment of new Coconut plantation/rejuvenation of existing Coconut plantation/ planting coconut on field bunds and on fish tank bunds/ reclamation of water logged kayal lands and marshy lands near sea-shore and establishing coconut gardens there/ maintenance of existing Coconut Gardens/ to carry out improved package of practices and to prevent coconut plantation from disease and pest.

Eligibility:

Individual farmers {including Self Help Groups (SHGs) or Joint LiabilityGroups (JLGs), i.e. groups of individual farmers}, corporates, partnership firms and institutions.

Rate of Interest

Term Loan: As in Direct Agriculture

Crop Loan / Working Capital: As per Oriental Green Card

(As per RBI interest subvention scheme, interest charged on short term production loan with a principal amount upto Rs.3.00 lac is 7% p.a)


Loan to Women

1. Oriented Mahila Vikas Yojana

Purpose: To meet Credit needs of Women Entrepreneur.

Eligibility: Women Entrepreneurs enterprise consisting of all units managed by one or more in proprietary concerns or in which she/they individually or jointly have a share capital of not less than 51% as partners/ shareholders/ directors of a private ltd. company/members of a co-operative society.

Amount of Loan: Need Based

Security: No collateral security upto Rs.10 lacs and in case of SSI no collateral security required up to Rs.25 lacs.
Only Hypothecation of Assets created out of Banks finance be taken as security.

Margin:

SSI Other than SSI

As applicable under the SSI Segment.
Upto 25000 - NIL
Above 25000 - 15%
To 25%
Depending upon the quantum & purpose of loan.


Purpose: 
To meet Credit needs of Women Entrepreneur.

Eligibility:
Women Entrepreneurs enterprise consisting of all units managed by one or more in proprietary concerns or in which she/they individually or jointly have a share capital of not less than 51% as partners/ shareholders/ directors of a private ltd. company/members of a co-operative society.

Amount of Loan:
Need Based

Security:
No collateral security upto Rs.10 lacs and in case of SSI no collateral security required up to Rs.25 lacs.
Only Hypothecation of Assets created out of Banks finance be taken as security.

Margin:

SSI Other than SSI

As applicable under the SSI Segment. Upto 25000 - NIL
Above 25000 - 15%
To 25%
Depending upon the quantum & purpose of loan.

In case of SSI 
As applicable under SSI Segment.

Other Than SSI 
• Upto Rs. 2 lacs at PLR 
• Above Rs. 2 lac & up to Rs. 10 lacs at PLR +1.5% 
• Above Rs. 10 lacs at PLR +2.5% 

Repayment: Maximum upto 7 Years


2. Scheme for Professional & self Employed Women

Purpose: Purchase of Fixed Assets(Term Loan) and for meeting Working Capital needs.

Eligibility: Professional & Self-employed Women

Amount of Loan:
Maximum Total limit Rs.5.00 lacs including Working Capital limit of Rs.1.00 lacs

Security: Charge over the Assets purchased out of Banks finance.

Margin: Upto Rs.25000/- - NIL
Above Rs.25000/- to 5.00 lacs - 15%

Repayment:
Term Loan 5-7 years (EMI)
Cash Credit to be reviewed/ renewed as per Bank’s system in vogue.


3. Scheme for Beauty Parlor/ Boutiques/ Saloons/Tailoring

Purpose: Purchase of Fixed Assets(Term Loan) and for meeting Working Capital needs

Eligibility:
1. Proprietary concern of Women. 
2. Partnership firms/Companies where majority of shares are held by Women. 

Amount of Loan:
Max. Total limit Rs.10 lacs including Working Capital Rs.5.00 lacs

Security:Charge over the Assets purchased out of Banks finance.

Margin:
Upto Rs.25000/- - NIL
Above Rs.25000/- upto Rs.2.00 lacs - 15%
Above Rs.2.00 lacs upto Rs.10.00 lacs - 25%

Process Fee:
0.50% of loan amount with minimum of Rs. 500/-.

Repayment :
Term Loan 5-7 years (EMI)
Cash Credit to be reviewed/ renewed as per system in-vogue.


4. Scheme for Financing Working Women

Purpose: To meet House hold, Medical expenses or any other such needs for the Women working in Central/State Govt./ PSUs/ Autonomous bodies/ Schools/ Colleges and other institutions and well established companies.

Eligibility: Working Women (Permanent Employees with Min. 5 years Service and 5 years remaining service)

Amount of Loan: Maximum up to Rs.2 lac

Security: Third party Guarantee preferably of Fellow Employee

Margin: NIL
Repayment: Maximum 5 years (EMI)

Source: https://www.obcindia.co.in



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