Sada Bahar Agricultural Finance Scheme

  The Scheme is launched with the sole objective to provide dignity, Prosperity
  and freedom to the tiller of the land.

  The Scheme is designed to help small farmers in meeting their short term input requirements against one   time sanction subject to its stipulated utilization / periodical adjustment        

    Salient Features :

Farmer will open a special "Sada Bahar Account" with the branch

A special Cheque Book will be issued to the farmer.

Revoling credit limit to the extent of Rs. 20,000/- per acre ( for two crops ) but not exceeding Rs. 500,000 per borrower as "Khushali - e -  Kissan Sada Bahar Finance" will be made available to the farmer against security of Zari Pass Book.

The facility will be renewable on the prevailing terms & conditions if the status of the account is reported satisfactory.

The account is farmer friendly and benefits the farmers both ways. if the account is in credit, it earns profit, otherwise it provides instant finance to the farmer to meet agricultural needs.

The mark-up is charged for the actual days the finance is utilized.

    Purpose of Finance :

  1.  Seeds, Fertilizers, Pesticides, Herbicides, Weedicides, Labour and Water Charges.
  2. Orchard and Nursery
  3. Manual Sprayers
  4. Sericulture
  5. Apiculture

    Amount of Finance :

 Amount of finance will be 80% of land value as per PIU or 50% of land value on three years average   sale price, maximum finance shall be Rs. 20,000/- per acre but not exceeding Rs. 0.5 million per party.

   Mode of Finance :

 The mode of finance under this Agricultural Finance Scheme initially for a period of one year with a  renewable clause if status of the account is reported satisfactory.

   Rate of Markup :
    11% per annum (Revisable).
 
    In case of default in repayment of installment or mark-up, additional markup @ 5 Paisa per thousand  per day shall be charged from the date of default, if the due amount is not cleared within one month  from the date it become due for payment.

 Arrangement Fee at a flat rate of 1% to be charged.

 Markup will be charged for the actual days on such amounts only, which are overdrawn in the
 " KHUSAHALI - E - KISSAN SADA BAHAR ACCOUNT " On daily product basis. On the Credit balance of the farmer in Khushali -e- Kissan Sada Bahar Account, profit will be payable at prevailing PLSSB Account rate.

The Khushali -e- Kissan Sada Bahar Account has dual benefit as mentioned above i.e. all time availability of credit to the farmers and their motivation to develop saving habits through banks.
 
   Eligibility :

 a) The Farmer must be a resident and self-cultivator of the land. No absentee landlord shall be      entertained.
 b) The Farmer having unencumbered irrigated agriculture land up to 50 acres.
 c) The land value as per PIU offered, as security should be equivalent to 2 times the amount of finance    applied.
 d) The farmer should not be a defaulter of any financial institution.
 

   Security :

 1) Banks charge on the agricultural land shall be created through Zari Pass Book.
 2) Two personal guarantees of reputed farmers of the area will be needed
 3) Insurance Coverage of Agricultural Finance is compulsory. Therefore, the borrower will be persuaded       on merit to avail the multifarious benefits of life insurance and crop insurance arrangements.

   Period of Repayment :

    Lump-sum adjustment within one year from the date of disbursement.