12. Vijaya Krishi Vikas (VKV) Scheme

Objectives

To provide a simple, comprehensive and flexible credit package to farmers
To meet entire agricultural credit requirements such as crop production, investment credit, including consumption credit through single loan product.

Eligibility

All farmers, such as owner / tenant cultivators and share croppers are eligible
Farmers cultivating on authorized leased lands are also eligible
Should not be a defaulter to any financial institution

Assessment of crop loan / short term limits

Crop loan limits based on scale of finance and area under cultivationConsumption / household expenses, post harvest and miscellaneous agricultural expenditure considered
Working capital requirement for dairy and poultry for one month’s feed cost metTotal limits as mentioned above is the operational limit
20% contingency is added on to the operational limit to fix the overall card limit
Overall card limit is meant to avoid repetitive documentation and to take care of increase in scale of finance in future.

Validity: Validity of the card is five years subject to annual review.

13. Assistance To Women In Non Farm Development (ARWIND)

The scheme of Assistance to Rural Women in Non-Farm Development is being introduced mainly to support economic activities in non-Farm sector on a cluster/group basis by rural women.

The scheme has two components viz..,Credit component and Promotional component

Under component (1) a voluntary agency having minimum 3 years of proven track record in assisting women’s groups, women’s development corporation set up by the central / State governments, KVIC / KVIBs or any institutions under the KVIC / KVIB fold, any other registered institution including cooperatives, trusts and corporations set up by central / State governments for the purpose may evolve a scheme to organise rural women’s groups for undertaking any productive activity in the non-farm sector and assist them in setting up their own units and / or provide such other backward / forward linkages including training as are considered necessary for improving viability of individual/group enterprises.

The loan assistance under the scheme to the individuals, should not normally exceed Rs.50000/- per borrower or say Rs.10 lakhs for a group activity involving 20 rural women. However the actual loan amount will have to be need based and to be decided by the sponsoring agency or merits in consultation with the borrowers/financing bank depending on the nature of activity/unit to be set up.

Eligible activities :

All types of manufacturing, servicing, processing activities excluding those that are not socially desirable such as breweries producing intoxicants etc are eligible. However tiny and decentralised units with project cost not exceeding Rs.15 lakh will be preferred as satellite units and mother unit concept, in the interest of larger employment generation.