Agriculture is the backbone of Indian Economy. Keeping in view the specific requirements of customers, UCO Bank has introduced a range of products at attractive rates of interests.
To promote agri entrepreneurship and create gainful self-employment opportunities to unemployed candidates with desirable educational qualifications. To supplement efforts of public extension by necessarily providing extension and other services to the farmers on payment basis or free of cost as per business model of agripreneurs, local needs and affordability of target group of farmers and there by support.
2.
Facility
Term loan
3.
Target group
Indiv Individual (Graduate/ Diploma in Agriculture and allied)
Proprietorship Firms
Partnership Firms LLP with minimum trained 5 members
4.
Quantum of loan
Minimum - Rs.50,001.00
Maximum:
Rs.25.00 Lacs for Individual (Rs.20.00 Lacs for Individual Project and Rs.25.00 Lacs for Extremely Success
Individual Project)
Rs.100.00 Lacs for other than Individual
5.
Repayment Period
Term loan: 120 months (including maximum moratorium period of 24 months)
6.
Margin
For loans up to Rs.5.00 Lacs - NIL
For loans above Rs.5.00 Lacs - 20% of project cost*
*However, concession in margin will be available to SCs / ST, women and beneficiaries of North Eastern
States, Hill Areas maximum of 50% of normal margin.
7.
Subsidy
Category
Subsidy
For Women, SC/ST/PwP and all categories of candidates from NE and Hill States
44% of Total Project Cost
Others
36% of Total Project Cost
8.
Collateral Security
For Loan up to Rs.10.00 Lacs
Collateral Security: NIL
To be mandatorily covered under guarantee coverage of CGFMU.
Above Rs.10.00 Lacs:
As per Bank’s extant guidelines.
9.
Rate of Interest
PARTICULARS
ROI MATRIX
Exposure up to ₹25.00 Lacs
One Year MCLR + 1.00%
Exposure more than ₹25.00 Lacs and up to ₹50.00 Lacs
Financing activities Allied to Agriculture for income generation
2.
Facility
Term Loan
Cash Credit
3.
Activities Covered
Dairy/Poultry/Fisheries
Goat/Sheep/Piggery/Duckery/Calf Rearing
Bee Keeping
Agri clinic & Agri Business Centers
Horticulture
Food Processing
Other Agri & Allied Activities
4.
Quantum of loan
Category
Credit Limit
SHISHU
Loans up to Rs. 50,000/-
KISHORE
Loans from Rs. 50,001/- to Rs. 5 lakhs
TARUN
Loans above Rs. 5,00,001 to Rs. 10 lakhs
TARUN PLUS
Loans above Rs. 10,00,001 to Rs. 20 lakhs
5.
Repayment Period
Term Loan: To be repaid in suitable instalments .
CC: Repayable on demand & renewal/ annual review as per the Bank’s guideline
6.
Security
Primary Security: First charge on all assets created out of the Bank’s loan to the borrower and the assets which are directly associated with the business /project for which credit has been extended.
To extend financial assistance for establishment of new units and strengthening of existing units of dairy or meat processing & value addition infrastructure and animal feed plant.
2.
Facility
Term Loan
3.
Eligible Entities
·Individual
·Proprietorship Firms
·Partnership Firms
·FPOs/ FPCs
·Private companies
·Section 8 companies
·Micro, small and Medium Enterprises
4.
Quantum of loan
Max. 90% of Eligible project cost (Maximum quantum Rs. 100 Crores per borrower from the entire banking system.
5.
Repayment Period
Term loan: 96 months (Including moratorium period of 24 months)
6.
Margin
Min. 10%
7.
Security
·Hypothecation of assets created out of bank finance
·CGTMSE Coverage up to Rs. 2 Crore
·Credit Guarantee coverage up to 25% of the credit facility from NABARD
To develop marketing infrastructure to effectively handle and manage marketable surpluses of agricultural and allied produce including horticulture livestock, poultry, fishery, bamboo, minor forest etc.
To promote innovative and latest technologies in post- harvest and agricultural marketing infrastructure.
To promote creation of scientific storage capacity for storing farm produce, processed farm produce and agricultural inputs etc. to reduce post- harvest & handeling losses,promote pledge financing and market access.
Upgrading of Gramin Haats.
2.
Facility
Term Loan
3.
Target group
Individual
Group of Farmers/growers
FPOs/FPCs
Partnership/Proprietaryfirms
Companies
Corporations
Cooperative Marketing Federations
Autonomous Bodies of the Government
State Govt. Department
Autonomous organization/State owned corporations etc.
4.
Quantum of loan
As per project requirement
5.
Repayment Period
Maximum 7 years
6.
Margin
20% of project cost.
7.
Subsidy
Maximum33.33% on capital subsidy(in eligible cases)
7.
Security
Hypothecation of assets created out of our bank finance.
CGFMU/CGTMSE/SFAC guarantee coverage in eligible cases.
To meet the short term credit requirements as working capital for Animal Husbandary & Fishery
Working Capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery etc.
2.
Facility
Short term Working capital
3.
Target group
A .Fishery:
Fishers , Fish Farmers (Individual & Groups/Partners/Share croppers/Tenant Farmers ,Self Help Groups & Joint Liability Groups involve in
i)Inland Fisheries & Aquaculture
ii)Marine Fisheries
B. Poultry & Small Ruminant:
Farmers, Poultry farmers either individual or joint borrower, Joint Liability Groups or Self help groups including tenants farmer of Sheep, Goats, Pigs, Poultry, Birds, Rabbit and having owned/rented/leased sheds.
C. Dairy: Farmers and dairy Farmers either individual or joint borrower, joint Liability groups or Self Help Groups including tenant farmer of Sheep/Goats/Pigs/Poultry/Birds/Rabbit having owned/rented/leased sheds.
4.
Quantum of loan
Need based finance considering acerage and scale of Finance(SOF) determined by DLTC (District Level Technical Committee)
5.
Repayment Period
5 years with 10% annual increase of limit every year, subject to annual review. Facility of renewal cum enhancement up to Limit 2 lac is available through Straight Through Process (STP)
6.
Margin
Nil
7.
Security
Primary: Hypothecation of assets/livestock created out of Bank finance.
Collateral:
Without Tie-up for Recovery:
a) Limit up to Rs. 2.00 lakh-Nil
b) ) Limit above 2.00 lakh : Collateral security as per Bank’s extant guidelines.kcc
With Tie-up for Recovery:
a) Limit up to 3 lakh-Nil
b)Limit above Rs. 3 lakh: Collateral security as per Bank’s extant guidelines.
8.
Interest Subvention
Item
Interest Subvention
Prompt Repayment Incentive (PRI)
KCC for Animal Husbandry & / or Fishery up to Rs. 2 lakh or Combined Limit for crop for Animal Husbandry & or Fishery under KCC up to Rs. 3 lacs
1.5%
3%
Above Rs. 3 lakh to Rs. 25 lakh
Nill
Nill
Above Rs. 25 lakh to Rs. 1Crore
Nill
Nill
9.
Rate of Interest
Item
ROI
KCC for Animal Husbandry & / or Fishery up to Rs. 2 lakh or Combined Limit for crop Animal Husbandry & or Fishery under KCC up to Rs. 3 lacs
Mobilize a medium-long term debt for investment in viable projects relating to Post harvest management management infrastructure and community farming assets.
2.
Facility
Term Loan
3.
Target group
Farmers
Farmers Producers Organizations (FPO)
Primary Agriculture Credit societies (PACS)
Marketing Cooperative Societies
Self Help Group (SHG)
Joint Liability Groups (JLG)
Multi Purposes Co-operative Societies
Start-ups
Central/State agency / Local Body sponsored Public Private Partnership Projects
Agri-entrepreneurs
4.
Periodicity
Till 2032-33
5.
Quantum of loan
Minimum No minimum Amount Upto Rs. 2 crores (under AIF) Maximum Rs. 100 Crores
6.
Repayment Period
Maximum 7 years
7.
Margin
Min 10%
8.
Rate of Interest
Up to2 crores
1 Yr MCLR + 1% maximum 9%
Loan above Rs. 2 crores
As per Credit Rating
9.
Interest Subvention
3% up to 7 years
10.
CGTMSE Coverage
Fee will be borne by Govt. (For up tp 7 years)
11.
Convergence Facility
Convergence Facility available for eligible activities under PMFME and AMI Scheme.
12.
Added Features
Convergence benefit with PMFME & AMI for eligible activities.
Poly House, Mush-room Farming, Hydroponics, Aeroponics, Vertical Farming from individual borrowers now eligible.
Integrated Primary and Secondary Processing are now eligible like Juice, Bakery Product manufacturing, Jam, Pickle, Sauce.
PM KUSUM Component A-Now convergent with AIF-Grid connected solar power plants up to 2 MW.
Individual, Proprietor/Partnership concerns, corporates, companies etc., co-operatives, Federation of co-operatives, Self-help groups (SHGs), Farmer Producer Organisations, Entities promoted by the state Governments.
4.
Quantum of loan
Minimum Rs. 1 Lakh Maximum of Rs. 100 crores per borrower from the entire banking system.
5.
Repayment Period
Term loan: Maximum 10 years Cash Credit: Facility for a period of one year subject to annual review.
6.
Margin
Term loan:
Limit up to Rs.1.00 crore-15%
Limit above Rs. 1.00 crore and above-20%
Working Capital:
25% margin
Book Debt (up to 90mdays) 25%
Book Debt (Above 90 days to 120 days) 35%
7.
Collateral
Primary Security: Hypothecation /Charge creation on asset created out of Bank Finance.
Collateral Security: Up to Rs. 10.00 lakh: No collateral or third-party Guarantee (CGTMSE/ CGFMU coverage) is mandatory. Above Rs. 10.00 lakhas per requirement of Bank.
CGTMSE Coverage Facility Now available up to Rs.10.00 Cr and Hybrid Mode of Financing also available
Credit support to Farmer Producers Companies & Non Farmer Producers Organisation
2.
Facility
Working Capital
Fund based-CC,PC & WCTL
Non Fund based-LC & BG
Term Loan
3.
Target Group
FPOs registered under Part IX A of Companies act.(Termed as FPC)
FPOs registered under states co-operative societies act (Termed as FPO)
FPO/FPC with a minimum farmer members size of 300 (North Eastern and Hilly areas height above 1000 meter or above mean sea level (including such other areas of UTs) size of 100 shall be eligible.
4.
Elligible Activity
Purchase of Inputs for supplying to farmers
Custom Purchase/Hiring of Farm Machinery
Purchase of Hi-Tech farm equipment
Setting up of processing Centre
Common irrigation facility.
Setting up of common service centre
Warehouse Receipt
Marketing activities
On lending to its members for crop cultivation, purchase of tractor, pump sets, construction of wells & laying of pipelines etc.
Any other productive activities based on submitted Investment Plan.
5.
Quantum of loan
Minimum: Rs. 5.00 lakh Maximum: Rs.500 lakh
6.
Repayment Period
For Cash Credit -Running limit tenable for a period of 12 months. For Packing Credit/Working capital Term loan: Max 18 months. For term loan:3 to 9 years depending upon purpose of investment.
Farmers, Group of Farmers, SHGs, JLGs, Companies including farmers producer companies of individual farmers directly engaged in agricultural and allied activities.
Own sufficient land holding depending upon the type of crop proposed
Experience and Knowledge in the proposed activity
Technical advice on various aspects should be available from an extension agency.
Applicant should free from statutory dues.
4.
Quantum of loan
Max 1 crore
5.
Repayment Period
Term loan : Max 7 years Cash Credit: To be Renewed every year
5.
Margin
5% (if subsidy available) 20% (if subsidy is not available.
Hassle free single term loan limit to farmers to all term loan requirements like Farm mechanization, Land Development, Minor Irrigation, Water Conservation, Horticulture, Allied Activities and other Agriculture related activities etc.
2.
Facility
Term loan
3.
Elligibility
Individual, Joint/Group of Farmers-Owner cultivators
JLGs, SHGs etc. engaged in Agriculture and related activities.
4.
Quantum of loan
Based on investment plan given by the farmer to be undertaken in the next 2-3 years.
Combination of investment/development activities relating to agriculture and allied activities.
The scheme aims at financing of decentralized renewable energy plants, solar agriculture water pumps and solarisation of existing grid connected Agriculture pumps.
The Scheme consists of three components:
Component A: 10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants of individual plant size up to 2 MW.
Component B: Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps of individual pump capacity up to 7.5 HP.
Component C: Solarisation of 10 Lakh Grid connected Agriculture Pumps of Individual pump capacity up to 7.5 HP
70% of project cost enumerated in DPR if subsidy is not available
90% of project cost enumerated in DPR if subsidy is available
5.
Repayment Period
Component A: Door to door tenure of maximum 15 years (Including maximum moratorium period of 12 months) Component B: 10 Years including moratorium up to 12 months Component C: 15 years including moratorium up to 24 months maximum.
5.
Margin
Component A: 30% Component B: 10% Component C: 30% of project cost if subsidy is not available
UCO Prime Minister Formalization of Micro Food Processing Enterprises
1.
Purpose
Term loan to extend Financial Assistance to existing micro food processing entrepreneurs as well as new units who are involved in food processing line along with common infrastructure.
2.
Facility
Term Loan
3.
Target Group
Individual
Proprietorship Firms
Partnership Firms
FPOs
Cooperatives
SHGs
Private Limited Companies
4.
Quantum of loan
Maximum 90% of eligible project cost. (Maximum Project Cost ₹10.00 Crore)
5.
Repayment Period
Term loan: 96 months (including maximum moratorium period of 24 months)
6.
Margin
Min. 10%
7.
Security/CGTMSE
Hypothecation of assets created out of bank finance
CGTMSE Coverage up to ₹2 Crore
Above ₹2 Crore collateral security shall be obtained as per scheme guidelines.
8
Benefit
Capital Subsidy from MOFPI
Individual Category- 35% Project Cost Maximum Rs.10.00 LAC Group Category - 35% Project Cost Maximum Rs.300.00 LAC
To provide need-based credit facility in the form of Fund Based and Non-Fund Based limit to meet day to day expenses/ purchase of Factory land and building/ Purchase of land for construction of Factory building thereon/ Repair/ Renovation/ Extension/ Modernization of existing unit and/or purchase of plant and machinery/ Equipment’s based on project cost and/or to meet export needs of Rice Sheller including Poha manufacturing units (both existing and new).
2.
Facility
Term Loan
Working Capital
Packing Credit
Post Shipment Credit
Non fund Based Facilities
3.
Quantum of loan
Above Rs. 10 lacs and up to Rs. 100 crore
4.
Repayment Period
Term loan: Maximum 120 months Working Capital: 12 Months to be renewed yearly
Social needs like housing, education, marriage etc.
2.
Type of Facility
Cash Credit
Term loan
3.
Target Group
SHGs having members between 10 to 20. Special SHGs with minimum number of 5. SHG must have been in active existence for at least a period of 6 months as per their books of accounts.
4.
Quantum of loan
Maximum 20 lakhs Cash credit limit: Minimum loan of Rs. 6 lakh to each eligible SHG for a period of 3 years with a yearly drawing power (DP).Max Requirement as per Micro credit Plan. Term Loan: As per requirement Min 1.5 lac for Ist year.
5.
Repayment
Cash Credit: To pay all or part of principal drawn in an operational year. Service the interest at the monthly rest irrespective of the activity/SHG product. Term Loan: Up to 84 months.
6.
Margin
Upto 10 lakh: No Margin Above 10 lakh to 20 lakh: 10% of loan amount exceeding Rs. 10 lakh may be obtained.
7.
Collateral
Up to 10 lakh: Nil Above 10 lakh: CGFMU coverage
8.
Rate of Interest
Applicable rate of interest to women SHG under DAY-NRLM in all districts based on the outstanding balances: Both Cash Credit and Term loan:
Outstanding Balance
Applicable Rate of Interest
Up to Rs. 3.0 lakh
7%
Above Rs. 3.0 lakh and up to Rs.5.0 lakh
1 year MCLR or 10% per annum whichever is lower.
Above Rs. 5 lakh and up to 10 lakh
1 year MCLR + 2.4%
Above Rs. 10 lakh and up to Rs. 20 lakh
1 year MCLR + 1.90%
Other than Women SHG: For both cash credit/Term loan: 1 year MCLR + 2.9%
The scheme is specially designed to provide hassle free financial assistance for conveyance needs of farmer for farm activities. The scheme is for all two-wheelers, medium and light vehicles like mini-trucks, pick up van.
Type of Facilities
Term Loan
Eligibility Criteria for Borrower
An Individual or group of farmers engaged in farming or allied activities:
Existing KCC holder with 2 years of satisfactory operation with our bank.
Minimum land holding criteria:
For Two-Wheeler – Land Holding one hectare or more
For purchase of light & medium vehicles like, Pick up Vans, Mini Trucks – Land Holding four hectare or more
Sector
Priority Sector-Farm Credit
Quantum of Loan
The total project cost of an individual vehicle is cost of vehicle plus insurance & registration cost. 75% of the project cost is the maximum limit for bank finance
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities
Type of Facilities
Term Loan
LC & BG
Pre-shipment credit & Post-shipment Credit
Objective
Construction of Cold Storage or Purchase of Refrigerated Vehicles , etc.
For Construction/Renovation of ponds/tanks
For purchase of fingerlings, manuring of ponds etc.
Financing for fishing Boats.
Financing for fishing vessels/trawlers, etc
Construction of Fish Seed Producing Units & Fish Feed Producing Units
Scope
A. In inland fisheries - Financial assistance is extended for:
Construction/Renovation of ponds/tanks
Establishment of Fish Seed producing units & Fish Feed producing units
Construction of sluices
Construction of Cold Storage or purchase of refrigerated vehicles
Purchase of prawn, fry and fingerlings/fish seed/prawn seed
Purchase of inputs like oil cake, fertilizers, organic fertilizers and other feed material up to the first harvest
Small boats
Purchase of nets, boxes, crates, baskets, ropes, shovels, hooks and other accessories etc.
B. In Marine fisheries - Financial assistance is extended for:
Purchase of mechanized/non-mechanized boats/deep sea fishing vessels/trawlers
Purchase of fishing nets
Purchase of other deck equipments like winch, wire rope, gallows, net-handler
Navigational lights, life jackets, life boats, anchors, direction finders, fish finders, etc.
• The scheme provides for term loan facility for construction/expansion/modernization of cold storage for Agriculture and allied products.
Sector
Priority Sector-Agriculture Infrastructure
Eligible Borrowers
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities.
Purpose
Construction/Expansion/Modernization of Cold Storage for Agriculture and Allied products.
Cold Chain Infrastructure including Integrated Pack-house, Ripening Chambers, Pre Cooling Units, Cold Storage Units, CA (Controlled Atmosphere ) Storage, IQF (Individual Quick Freezing) Line, Milk Chilling Centre, Blast Freezer, Spiral Freezer, Mobile pre-cooling vans, Refrigerated vans/trucks, Mobile insulated tankers & Refrigerated Containers.
Repayment Period
Repayment of 9 years inclusive of moratorium of maximum one year.
Farmers, Group of farmers, SHGs, JLGs, Companies including farmers’ producer companies of individual farmer, Partnership firms, LLPs (Limited Liability Partnership) and Cooperatives of farmers directly engaged in agricultural and allied activities.
Scope of Coverage
Pomology – Mainly dealing with fruit crops e.g. Mango, Apple, Banana, etc.
Olericulture – Dealing with vegetable crops e.g. Potato to Peas and Beans etc.
Floriculture – Dealing with flowers and other ornamental plants e.g. Rose, Marigold, Gold Mohar, Plams etc.
Plantation Crops – Dealing with those crops where usually large areas are required for the commercial activity and the produce may be other than fruits, which in most of the cases needs processing before it can be used e.g. Cashew and Cocoa
Medicinal Plants – Dealing with plants yielding alkaloids and other medicinal constituents e.g. Beladona, Cinchona, etc.
Essential Oil & Aromatic Plants – Dealing mainly with those plants which on processing yield oil for perfumery, confectionary, medicinal and other uses e.g. Mentha, Tulsi, Jasmine etc.
Spices & Fruits and Vegetable Preservation – by canning, dehydration etc.
Repayment Period
Crop wise repayment is to be fixed and maximum period of finance is 15 years (inclusive of moratorium).
Special Feature
Concessional Rate of Interest for Organic crops or cultivation of crops that are INDGAP or GAP certified & for the e-NAM registered traders/farmers.
A Producer Company (PC) is a legal entity formed by primary producers, viz. farmers, milk producers, fishermen, weavers, rural artisans, craftsmen. The objective of the Scheme is to extend credit support to Produce Companies for any / few or all the activities depending upon requirement of PC
Purchase of inputs for supplying to farmers
Custom Purchase / Hiring of Farm Machinery
Purchase of High Tech Farm equipment
Setting up of Processing Centre
Common irrigation facility
Setting up of Common Service Centre
Warehouse Receipt
Marketing activities
On lending to its members for crop cultivation, purchase of tractor, pump sets, construction of wells & laying of pipelines etc.
Any other productive activities based on submitted Investment Plan
Eligibility
Only PO Registered under Companies Act 2013. In terms of Sec 465 of Companies Act 2013, the provisions of Part IX-A of Companies Act 1956 shall be applicable Mutatis Mutandies to a producer Company.
PO must be supported by either SFAC or NABARD.
PO must achieved minimum 30 months period after identification of product specific cluster and reached the take off stage as identified by SFAC/NABARD i.e. the stage of implementation of business plan of PO.
PCs applying for collateral free loan based on Credit Guarantee from SFAC under CGF SFAC Scheme shall comply with the eligibility criteria as specified in the CGF scheme document.
Sector
UCO FPC - Agriculture UCO NFPC – MSME
Quantum of loan
Minimum : Rs.5.00 lakh
Maximum : Rs.100.00 lakh
Nature of facility
Fund Based :
Working Capital including Cash Credit & Packing Credit
Term Loan
Non-Fund Based : LC & BG
Special Feature
Concessional Rate of Interest for Organic crops or cultivation of crops that are INDGAP or GAP certified & for the e-NAM registered traders/farmers.
Transformation of Traditional subsistence agriculture into commercial position
Assist farmers, to shift from traditional farming to mechanized farming for reducing the time and cost of tillage and other agricultural operations and also improving the quality of tillage so as to increase their crop productions through multiple cropping and profitability.
Eligibility
Such beneficiary or group of beneficiaries to whom a joint loan or group loan is sanctioned shall be able to use the tractor for cultivation of his / their own farm not less than 8 acres of perennially irrigated land.
Minimum land holding for loan eligibility for power tiller 4 acres of perennially irrigated land.
It shall also be ensured that the tractor / power tiller will have a minimum of 1000/600 hrs. of productive work in agriculture per year on own farm or both on own farm and on account of customer service.
Loan granted under this scheme for purchase of all agricultural machineries, implements, like tractor / power tiller andother accessories like tractor trailer and tractor implements such as mould board plough, disc harrow, cultivator, seed drill, paddy puddler, bull dozer, combine
Quantum of loan
85% on amount of the investment.
Margin
15% of amount of the investments.
Security
Hypothecation of tractor and other implements and accessories proposed to be purchased(Hypothecation cum agreement form No.105(combined).
Guarantee from one or two guarantors acceptable to the Bank.
Simple / equitable mortgage of land to cover the value of loan limit.
Insurance - Tractor purchased by the farmer should carry comprehensive insurance as per Motor Vehicle Act and policy should be got assigned in Bank’s favour.
The rate of interest should be as per extant guidelines of the Bank changing from time to time
Repayment
The maximum repayment period within which loan for purchase of tractor and power tiller is to be repaid will be 9 and 7 years respectively.
Our Bank provides medium term loans for setting up of Cold storage units, warehouses godowns and silos. In addition, following type of short term loan facilities are also provided by our Bank with a view to promote storing capacity of Agricultural produce and better price realization by the farmers.
Cash Credit limit of working capital to cold storage units for direct expenses like wages,salaries, electricity charges, fule and maintenance expenses.
Eligibility
The Cold storage must be granted a license for running the storage units indicating its staring capacity by the Competent Authority in the State.
Cold storage owner should obtain permission from Additional Director, Agricultural Marketing of the concerned State Govt. or other Competent Authorities for storing his own stock, and stock of the rentiers and traders for the current season.
Quantum of loan
Quantum of loan should be fixed on objective assessment of working capital need.
Security
Primary Security- Hypothecation of all types of plant and machinery installed and/or to be installed as also all type of furniture, fixture and
Collateral Security - Equitable mortgage of Land and Building of Cold Storage and/or any other property (Land and Building owned by the Cold Storage owner(s).
Guarantee - Third party guarantee/personal guarantee from the partner/directors of the unit should be obtained.
Minimum Margin
40% of the expenses projected on the unit and accepted (verified on the sanctioning authority on the basis of past trends).
Repayment/adjustment of the limit
The Cash Credit limit sanctioned to be adjusted fully along with interest and other charges within the storing period of the Stock of Agril. Produce.
Insurance
The building, plant and machinery, furniture/fixture equipment and other fixed assets as also stocks stored must be comprehensively insured with agreed Bank clause.
To meet the short term credit requirements for cultivation of crops
Post-harvest expenses
Produce marketing loan
Consumption requirement of farmer household
Working Capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery etc.
2.
Facility
Working capital
Term loan
3.
Target group
All farmers-Individual/Joint borrowers who are owner cultivator
Tenant Farmers, Oral, Lessees and share croppers
SHGs or JLGs of farmers including tenant farmers, share croppers etc.
4.
Quantum of loan
Need based finance considering cropping pattern, acreage and scale of Finance (SOF) determined by DLTC (District Level Technical Committee)
5.
Repayment Period
5 years with 10% annual increase of limit every year, subject to annual review. Facility of renewal cum enhancement up to limit 2.00 lakh is available through Straight Through Process (STP)
6.
Margin
Nil
7.
Security
Primary: Hypothecation of crops Limit up to Rs. 2.00 lakh - Nil
With Tie-up for Recovery: Limit up to 3 lakh - Nil
Other Cases: LTV of 100% must be maintained throughout the tenure
To make the small and marginal holdings economically viable
To bring fallow lands and waste lands under cultivation
To step up agricultural production and productivity
To finance the share croppers/tenant farmers to purchase land to enable them to increase their income
Eligibility
Small and marginal farmers i.e. those who own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme
Share croppers / Tenant farmers
Purpose
The objective of the Scheme is to finance the farmers to purchase, develop and cultivate agricultural as well as fallow and waste lands
Branches may consider financing maximum amount of Rs. 10.00 lacs for purchase of land for establishing or diversifying into other allied activities
Complete details of the project proposal of the farmer should be obtained by the bank while considering finance for purchase of land
Quantum of Loan
Quantum of loan will depend upon –
Valuation as assessed by the Branch
Bench Mark Rate fixed by the State
The registration value
Out of the three above whichever is less. Plus value of Stamp duty, registration charges for sale / mortgage (Maximum amount of Rs. 10 lacs)
Single transaction Term loan limit Loan repayable within 3 years (Priority Sector- Direct Agriculture)
Scope of Finance
All Rural and Semi-Urban Branches
Purpose
An instant credit for farming community to meet the emergency requirements for Agriculture and Domestic purposes for tiding over temporary financial difficulties.
Eligibility
Individual farmers / joint borrowers (not exceeding 4 farmers) who are existing Kisan Credit Card (KCC) holders having satisfactory track record of at least two years.
Quantum of Loan
Minimum and Maximum amount of finance under the scheme is increased to Rs.10000 & Rs.100000 respectively.
Rate of Interest
At Base Rate (without interest subvention)
Processing and other charges
Upto Rs. 25000.00 : Nil Above Rs. 25000.00 : As applicable to agriculture term loan
Security:
Existing security /ies obtained for KCC to be continued.
No additional securities to be obtained even if the combined exposure (KCC plus proposed Kisan Tatkal Scheme) exceeds the present cut-off ceiling of Rs.1 lakh.
Repayment
3-5 years in half yearly / annual installments.
The loan is to be cleared in full if a fresh / enhanced limit is sought during the subsequent year based on revised KCCS limit.
Term Loan / Over Draft Facility Direct Agriculture under Priority Sector upto Rs. 2.00 crore, beyond Rs. 2.00 crore under Indirect Agriculture
Scope of Finance
All Branches
Purpose / Objective
To purchase estates growing traditional plantation crops viz. coffee, tea, rubber and cardamom, cashew, pepper, coconut and other perennial orchard crops.
Eligibility
The Purchaser should have yielding estates and should be in a position to rejuvenate the Estate proposed to be purchased. The intending borrowers should have satisfactory past dealings with the Bank
The intending buyer should qualify the respective State Government norms of being an agriculturist / satisfy the income criteria stipulated by the State Government
The estate should preferably be a neglected one. The estate should have potential for realizing higher yields. The estate should have the potential to absorb substantial credit for developmental activities
The total land holding including the land to be acquired should be within the land ceiling norms of respective State
The Purchaser should be experienced in the line, financially sound and should be in a position to bring in margin and service the debt
Quantum of Loan
Quantum of Loan shall be based on the lowest of (i) Market value (ii) Guidance value / Circle rate fixed by the State or (iii) purchase consideration, after retaining the necessary margin
The stamp duty and registration charges may also be considered
For the purpose of the valuation of land to be purchased, price indicated may be cross checked with the last five years average registration value available with the registrar / sub registrar of the area and a view is taken by the bank for fixing the quantum of finance
There will be no ceiling for the quantum of loan. However, the finance beyond Rs. 2 crore be covered under Indirect Agriculture category
Rate of Interest
Upto Rs. 25.00 lac - MCLR + 1.15%
More than Rs. 25.00 lac and upto 1.00 Crore - MCLR + 2.15%
Margin
The margin shall be normally 50% on purchase consideration or value of the estate whichever is lower
However in deserving cases, the same may be relaxed up to 25%. The cost of registration / stamp duty may be considered in project cost
Penal Interest
No penal interest shall be charged for loans up to Rs. 25,000/-
In case of loans above Rs. 25,000/- penal interest shall be charged 2.00% p.a. over and above the normal applicable rate of interest
Repayment Period
The loan should normally be repayable within 7 to 9 years
In some specific cases, depending on the status of the Estate and rejuvenation period required, it may be extended up to 20 years
Security
Mortgage of property to be purchased. Hypothecation of Plantation crops raised on the land / Estate
Also, collateral security of mortgage of existing landed properties including preferably residential property is to be obtained
In any case, the value of the security should not be less than 200% of the loan amount
Warehouses / cold storage units owned by Central and State Government entities.
Approved warehouses/cold storage units owned/managed by National Bulk Handling Corporation Ltd. (NBHC) and National Collateral Management Services Limited (NCMSL).
Cold storage / warehouse units financed by our Bank, whose accounts are running regular.
Cold Storage / Warehouses built owned or managed by Central or State Government entities including National Bulk Handling Corporation Ltd. (NBHC) and National Collateral Management Services Limited (NCMSL).
Nature of Receipt
The warehouse receipt is in accordance and as prescribed under the provision of the Warehousing (Development and Regulation) Act, 2007
Quantum of Loan
75% of the value of the stock stored
Rate of Interest
As per quantum of Loan
Security
Pledge of Warehouse receipts. The warehouse receipt is in accordance and as prescribed under the provisions of the Warehousing (Development and Regulation) Act 2007.
In case of Firms and companies personal guarantee of Promoters/Directors to be obtained.
Insurance
Before release of fund, confirmation of Banks' interest marked on the Insurance policy to be obtained against the bank's pledge stock.
The objective of the scheme is to help farmers to extend grid power to remote areas especially to meet agriculture loads. The demand for electric energy is far outstripping supply, especially in the agriculture sector. It is also becoming increasingly difficult to meet the exponential growth in demand of Agriculture productivity which is closely associated to direct and indirect energy inputs. It is cost-prohibitive for the Government to extend grid power to remote areas especially to meet agriculture loads.
Purpose
Loan will be granted for installation of Solar Water pumping system. The proposed scheme will help in harnessing the solar energy for pumping water by water pumps.
Eligibility
The farmers' land should have adequate source of water. In case any Public / Government source is being used, water right certificate from the concerned authority should be produced
In case of wells they should have sufficient recouping capacity to irrigate area proposed to be brought under irrigation
Farmer should have own an economic land holding with a minimum of 10 acres. However, loan can be considered even if the benefiting area is less than 10 acres provided the farmer is able to sell surplus water
Farmers are required to satisfy the bank officials regarding their repayment capacity of the loan. They should not be defaulters to any bank
Quantum of Loan
Maximum 75% of the cost of the pumpset including accessories.
Rate of Interest
MCLR + 1.15%
Margin
It may provide finance taking a margin of 25% of the total cost to be paid by beneficiary. If subsidy is available, the same can be considered as Margin and the Branches should not insist the borrower for margin separately.
Capital Subsidy
40% capital subsidy will be available under Jawaharlal Nehru National Solar Mission (JNNSM) for installation of solar Pumpsets for those farmers who have not installed any pump set.
Security
Hypothecation of assets created out of Bank finance
To provide farmers an opportunity to realize fair price on seasonal crops by providing cash for their farm / off farm needs during storage of farm produce until better market price is available within a period of one year.
Nature of Facility
Demand Loan
Scheme 1
Parameter
Description
Name of the Loan Scheme
Financing against pledge of e-NWR – For Small & Marginal farmers up to Rs. 3.00 lakh
“UCO Amrit Dhara” SCHEME under tie-up arrangement “
Agriculture and allied activities is the backbone of our economy. Dairying is an important source of subsidiary income to small, marginal farmers and agricultural labours.
UCO Bank has designed the “UCO AMRIT DHARA” Scheme to empower our dairy farmers and enhance the dairy value chain.
UCO AMRIT DHARA
SL
PARAMETER
GUIDELINES
1
PURPOSE
Agriculture and allied activities form the backbone of our economy and farmers are its lifeblood. Dairying is an important source of subsidiary income to small/marginal farmers and agricultural labour. UCO Bank has designed the UCO AMRIT DHARA Scheme to empower farmers and enhance the dairy value chain.
2
PURPOSE
COMPONENT A
Financing for farmers under tie-up with Milk Collection Centers / Co-operative societies / recognized private milk dairies
COMPONENT B
Financing for Milk Collection Centers / Co-operative societies / recognized private milk dairies under tie-up with Anchor Company / Anchor Co-operative society
To finance existing farmers associated with milk collection centers/ co-operative societies/ recognized private milk dairies for purchase of milch animals (maximum up to 10 animals)
Establishment of New Bulk Milk Cooling/ Chillers Unit comprises of bulk cooling tank with accessories, DG set, weighing machine, weighing bowl, roller conveyor, can wash tub, Automatic Milk Collection Unit (AMCU), water storage tanks, etc. Purchase of New refrigerator van/ Tanker for transportation of Milk.
A complete solution for all agriculture related activities and value chain financing. This scheme will cover all proposals that are not coming under any agriculture schematic loan.
ELIGIBILITY
Individual, SHGs, JLGs, Proprietorship Firms, Partnership Firms, FPOs, FPCs, Private Companies, Primary Agriculture Credit Societies (PACs), Entities promoted by State Government/ Central Government etc.
AGE LIMIT
Individual Borrower: Minimum 18 years, Maximum: 62 years Non-Individual: NA
NATURE OF FACILITY
Fund Based: Cash Credit & Term Loan
Non-Fund Based: Bank Guarantee (BG) & Letter of Credit (LC)
Harnessing of Fisheries potential in a sustainable, responsible, inclusive and equitable manner, Enhancing of Fish production and productivity through expansion, intensification, diversification and productive utilization of land and water.
Modernizing and strengthening of value chain-post harvest management and quality improvement.
TARGET GROUP
Fishers, Fish farmers, Fish workers and Fish vendors, Fisheries Development corporations, Self Help Groups (SHGs)/Joint Liability Groups (JLGs) in fisheries sector, Fisheries cooperatives, Fisheries Federations, Entrepreneurs and private firms, Fish Farmers Producer Organizations/ Companies (FFPOs/Cs), SCs/STs/Women/Differently abled persons.
NATURE OF FACILITY
Term Loan
Cash Credit
QUANTUM OF LOAN
Minimum: Rs.50,001.00 Maximum: Rs.10.00 Crore
TENURE
Cash Credit: The limit will be in the nature of a revolving cash credit limit and subject to annual review. Term Loan: Maximum 9 years including moratorium period of maximum 12 months.
MARGIN
Minimum 10%
CAPITAL SUBSIDY
Maximum up to 60% of the project cost
SECURITY
Primary Security: Charge by way of mortgage / hypothecation on entire fixed assets including movable/immovable and current / non-current assets (both present and future) created out of Bank Finance.
Collateral Security: Up to Rs.2.00 Lacs: Collateral Security – NIL Above Rs.2.00 Lacs up to Rs.50.00 Lacs: As per Bank’s extant guidelines.
ROI
Up to total exposure of ₹25.00 Lacs
1 Year MCLR
Total exposure above ₹25.00 Lacs and up to ₹1.00 Crore
UCO PMMSY provides for supporting Entrepreneurship Models towards furtherance of its overall aims and objectives.
TARGET GROUP
Individual Entrepreneurs and private firms.
Fishers, Fish Farmers, Fish Workers and Fish Vendors.
Self Help Groups (SHGs) / Fisheries Cooperatives/Joint Liability Groups (JLGs) / Fish Farmers Producer Organizations / Companies (FFPOs/Cs).
NATURE OF FACILITY
Term Loan
Cash Credit
QUANTUM OF LOAN
Minimum: Rs.50,001.00 Maximum: Rs.100.00 Crore
TENURE
Cash Credit: The limit will be in the nature of a revolving cash credit limit and subject to annual review. Term Loan: Maximum 9 years including moratorium period of maximum 12 months.
MARGIN
Minimum 10%
CAPITAL SUBSIDY
Maximum up to 30% of the project cost ceiling of ₹1.50 Crore per project.
SECURITY
Primary Security: Charge by way of mortgage / hypothecation on entire fixed assets including movable/immovable and current / non-current assets (both present and future) created out of Bank Finance.
Collateral Security: Up to Rs.2.00 Lacs: Collateral Security – NIL Above Rs.2.00 Lacs: As per Bank’s extant guidelines.
High-cost debt swapping, construction or repair of house.
Construction of toilets and taking up sustainable livelihoods or to finance any viable common activity started by the SHGs.
2
ELIGIBILITY
Active existence for at least a period of six months as per their books of accounts.
SHGs should be practicing ‘Panchasutras’ i.e., regular meetings, regular savings, regular inter-loaning, timely repayment and up-to-date books of accounts.
SHGs should qualify as per grading norms fixed by NABARD.
The existing defunct SHGs are also eligible for credit if these are revived and continue to be active for a minimum period of three months.
3
NATURE OF FACILITY
Term Loan
Working Capital
4
REPAYMENT PERIOD
For Term Loan - Maximum 84 months
5
FREQUENCY OF INTEREST
Monthly
6
QUANTUM OF LOAN
Minimum: Rs.1.50 lakh
Maximum: Rs.20.00 lakh.
7
SECURITY & MARGIN
For loans to SHGs up to Rs.10.00 lakh
No collateral and no margin will be obtained.
No lien should be marked against savings bank accounts of SHGs and no deposits should be insisted upon while sanctioning loans.
For loans to SHGs above Rs.10.00 lakh and up to Rs.20.00 lakh
No collateral should be obtained, and no lien should be marked against savings bank account of SHGs.
Entire loan (irrespective of the loan outstanding, even if it subsequently goes below Rs. 10 lakh) would be eligible for coverage under Credit Guarantee Fund for Micro Units (CGFMU).
A margin 10% of the loan amount exceeding Rs.10.00 lakh may be obtained.
8
ROI
One Year MCLR + 2%
9
INTEREST SUBVENTION
NIL
NB: This scheme in not applicable in Rural branches.
For Construction/ Expansion/ Modernization of Cold Storage Units.
To establish Cold Chain infrastructure including integrated pack-house, ripening chambers, pre-cooling units, cold storage units, Controlled Atmosphere (CA) storage, individual Quick Freezing (lQF) Line, Milk Chilling Centre, Blast Freezer, Spiral Freezer, Mobile pre-cooling vans, Refrigerator vans/ trucks, mobile insulated tankers and refrigerated containers.
For running the Cold Storage Unit - Recurring expenditure like electricity bills, repair & maintenance, cost of bogs will be included in assessment of Cash Credit Limit.
For On lending to the Formers - Financial assistance to be provided in the shape of Overdraft Limits
FACILITY
Term Loan
Cash Credit
Overdraft facility for on lending to farmers
Non-Fund based - LC/BG
TARGET GROUP
Individuals (Age between 21 years to 65 years)
Group of farmers/ growers, FPOs, Partnership/ Proprietary Firms, Limited Liability Partnership, Companies and Corporations
To facilitate, encourage and empower women to graduate themselves as entrepreneurs.
ELIGIBILITY
Women from Credit Linked SHG sponsored by DAY-NRLM.
Individual woman member must be above 18 years of age.
PURPOSE
To provide need based financial assistance to enterprising woman for all activities eligible under MUDRA.
QUANTUM OF FINANCE
Maximum Rs.1.00 Lakh for individual woman. (Individual woman must be a member of Self-Help Group)
Maximum Rs.5.00 Lakh (only to those individual women who are member of SHGs which are more than 2 years old and have accessed at least one dose of bank loan with timely repayment)
MARGIN
Up to Rs.1.00 Lakh: NIL
Above Rs.1.00 Lakh to Rs.5.00 Lakh: 10%
RATE OF INTEREST
Limits
For Agriculture & Allied Activities and Food Processing Units
Up to Rs.5.00 Lakh
1 Year MCLR + 0.40%
TENURE OF LOAN/REPAYMENT
Term Loan: Maximum tenure is 72 months (monthly Instalment of EMI) including moratorium period (Maximum 3 Months).
Cash Credit: On demand – subject to annual review.
Note: Interest during moratorium period may be capitalized or recovered depending upon basis of income of the applicant.
COLLATERAL SECURITY
NIL
CREDIT GUARANTEE COVER UNDER CGTMSE/ CGFMU
Loans sanctioned under the scheme must be mandatorily covered under CGTMSE. However, in case of activities which are not eligible for coverage under CGTMSE i.e. (agriculture & allied activities), those loan shall be covered under CGFMU.
BENEFITS UNDER SCHEME
Actual Credit Guarantee charges on loans up to Rs.5.00 Lakh for a maximum period of 5 years will be reimbursed to lending institutions.
SHG member will be extended the benefit of interest subvention on prompt repayment @ 2% on maximum loan outstanding of Rs.1.50 Lakh per borrower for a maximum tenure of 3 years. The tenure of the loan will be calculated from the original date of sanction of the loan.
The above benefits will be provided to an Individual only once.
SERVICE CHARGES
Up to Rs.3.00 Lakh: NIL
Above Rs.3.00 lakh to Rs.5.00 Lakhs: Processing Charge flat Rs.1000/-
Employment generation through entrepreneurship development in small ruminant, poultry, pig, camel, donkey, mule, horse sector & fodder sector.
Increase of per animal productivity through breed improvement.
Increase in production of meat, goat, camel, donkey and sheep milk, egg, wool and fodder.
Increase in availability of fodder and feed to substantially reduce the demand through strengthening the fodder seed supply chain and availability of certified fodder seeds.
Encouraging establishment of fodder processing infrastructure and to reduce the demand supply gap.
ACTIVITIES
At present following activities are eligible under National Livestock Mission (NLM):
Component A: Establishment of Entrepreneurs for breed development of Rural Poultry
Component B: Establishment of Entrepreneur for breed development in small ruminant sector
Component C: Establishment of Entrepreneur for breed development of Horse, Donkey & Camel
Component D: Promotion of Piggery Entrepreneur
Component E: Entrepreneurial activities in feed and fodder
Component F: Establishment of seed Processing and grading infrastructure
SUBMISSION OF APPLICATION
The Entrepreneurs/Eligible Entities shall submit the application through the NLM portal www.nlm.udyamimitra.in.
ELIGIBLE ENTITIES
Individual/Private entrepreneur, Farmer Producer Organizations (FPOs), Self Help Group (SHGs), Farmer Cooperatives (FCOs), Joint Liability Group (JLG), Section 8 companies & as defined according to the activities and other eligible entities as per scheme guidelines.
Joint applications may also be considered as individual category of applicants.
The applicant may also be eligible for applying for more than one component in NLM EDP simultaneously.
Partnership farms are not eligible to apply in NLM EDP.
More than one adult member of a family may also be eligible to apply and may avail benefits under the NLM EDP scheme, provided he/she fulfills the eligibility criteria.
ELIGIBILITY CRITERIA
The Entrepreneurs / Eligible Entities shall be considered eligible for availing benefit under the entrepreneurship program if fulfills either of the following criteria:
Entrepreneurs/ Eligible Entities either should have obtained training or have trained experts or have sufficient experience in the relevant field in managing and running the project or have technical experts with sufficient experience in the relevant field of managing and running the project.
The Entrepreneurs/ Eligible Entities should have the sanction loan for project by the bank or financial institutions or furnished bank guarantee from scheduled bank along with appraisal of project for its validity by bank where it is holding the account.
The Entrepreneurs/ Eligible Entities should have own land or lease land where the project will be established except FPO, FCO, SHG, JLG)
The eligible entities shall be able to run the project for minimum three years after completion of the project.
The Entrepreneurs/ Eligible Entities should have all the relevant documents for KYC.
The eligible entity is capable of providing minimum 10% of the project cost.
The above eligibility criteria are subject to modification of guidelines, issued by the Department of Animal Husbandry and Dairying (AHIDF) and approved by the Ministry.
AGE LIMIT
Individual Borrower- Minimum 18 years Maximum 60 Years (for applying of loan).
Non-Individual - NA
NATURE OF FACILITIES
Term loan
QUANTUM OF LOAN
Minimum: ₹2.00,001/-
Maximum: up to ₹2.00 Crore
MARGIN
Minimum: 10% of eligible project cost
REPAYMENT PERIOD (TERM LOAN)
Repayable within 96 Months including moratorium period of 6 to 24 months. Maximum Moratorium period up to 24 months will be allowed depending upon the nature of the project. Interest shall be payable during the moratorium period.
FREQUENCY OF INTEREST CHARGES
Interest will be charged on Half Yearly basis.
SECURITY
Primary Security:
Charge by way of mortgage / hypothecation on entire fixed assets including movable/immovable (both present and future) created out of Bank Finance.
Collateral Security:
Security may be in the form of both Primary and Collateral security.
As per Bank’s Extant guidelines.
ROI
Up to total exposure of Rs.25.00 Lacs
1 Year MCLR
Total exposure above Rs.25.00 Lacs and up to Rs.50.00 Lacs
