1. Kisan Power
2. Powertrac
3. Commodity Power
4. Contract Farming
5.Power Gold
6. Arthia Power
7. Rural Godowns
8. Cattle Power
9.Horticulture Projects
1.KISAN POWER
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Kisan Power aims at providing adequate and timely credit to farmers for meeting cultivation needs including purchase of inputs, etc.,
Eligibility:
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Farmer who is an owner cultivator, a tenant cultivator or a sharecropper is eligible for these loans.
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Minimum landholding should be two acres of cultivable land.
Loan Amount
Minimum : Rs 25,001
Maximum : Rs 25,00,000
Repayment
Loan tenure is fixed by allowing reasonable period for marketing the agricultural produce after harvest of the crop, subject to maximum of 1 year in case of cash credit, to 7 years for term loans.
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2. POWERTRAC
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Purpose:
Under Power Trac, we finance farm equipments and machinery (including tractors and accessories) for agricultural purposes.
Eligibility:
Loan Amount:
We fund a maximum of 85% of the cost of the tractor, 75% of the cost of the trailer and 60% of the cost of the implements.
Tenor and Repayment:
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3. COMMODITY POWER
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Commodity Power loans (short term loan or CC) are provided against the pledge of warehouse receipts issued by the following warehouses:
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CWC or SWC warehouses
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Other licensed warehouses, cold storages
Eligibility:
Farmer, Trader, Agri-input dealer who is:
Loan Amount:
Value of commodity minus Commodity specific Margin amount (ranging from 25% to 40% depending on the volatility of the commodity).
The maximum loan amount shall be:
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4. CONTRACT FARMING
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Axis Bank finances farmers who have contract farming arrangements with Corporates.
Eligibility:
Farmers having cultivable fertile land of 3 acres and above.
Loan Amount
As per the scale of finance, per acre of land, as decided by the District Level Credit Committee of the lead Bank; or what is mutually agreed upon by the Bank and the Sponsor Company, as the case may be.
Tenor
Duration of the crop plus 2 months.
Security
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Loans against the security of gold ornaments are extended to farmers at attractive interest rate, minimum documentation, quick disbursals, less margin money and convenient repayment schedule.
Purpose:
To support agriculture and allied agricultural activities.
Eligibility:
Individuals engaged in agriculture or allied agricultural activities.
Loan amount
Minimum : Rs 10,000
Maximum : Rs 5,00,000
For further details Click here
6. ARTHIA POWER
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Purpose
Cash credit facility for meeting the commission agents' working capital requirements on account of credit extended to farmers for supply of inputs.
Eligibility
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Commission agents with valid license from the Market Yard / Board.
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Commission agents who are in this business for the last 3 years.
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Commission agents having receivables from farmers, operating in mandis and lending to farmers for purchase of inputs.
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Commission agents who have filed their sales tax returns and/or who have audited balance sheets.
Loan amount
Minimum: Rs 50,000
Maximum: Rs 40 lacs
Repayment
Repayable on demand subject to annual review.
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7. RURAL GODOWNS
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We provide loans for construction, renovation and expansion of godowns in rural and semi-urban areas at attractive rates
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8. CATTLE POWER
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We provide loans at attractive rates for horticulture projects approved by National Horticulture Board for subsidy.
For further details Click here
Source: http://www.axisbank.com |
