TNAU Agritech Portal :: Banking & Credit

Banking & Credit :: ORIENTAL BANK OF COMMERCE


5. ADVANCE AGAINST WAREHOUSE RECEIPTS TO FARMERS 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 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 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 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 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 and 75% against body For further details Click here