PMFME
Credit Linked Subsidy
Individuals / Proprietorship / Partnership/ FPOs/ NGOs/ Cooperatives/ SHGs/ Pvt. Ltd. Co. would be provided credit-linked capital subsidy @35% of the eligible project cost – maximum of Rs. 10.0 lakhs per unit for upgradation or setting up of new units.
Seed Capital for SHGs
Seed capital @ Rs. 40,000/- per member of SHG for working capital and purchase of small tools maximum upto 4 Lakhs per SHG. Seed Capital given as grant to the SHG Federation by SRLM/SULM through SNA for loan to the members of SHGs.
Common Infrastructure
The Groups – FPOs/ FPCs/ Cooperatives/ SHG and its federation/ Govt. Agencies – established or propose to establish food processing line along with common infrastructure/ Value chain/ incubation centers would be provided credit linked capital subsidy @35% of the eligible project cost (Rs. 10 Cr) with a maximum of Rs. 3.00 Crore.
Capacity Building
The Capacity Building component under PMFME Scheme envisages to provide training on Food Processing Entrepreneurship Development Programme to the PMFME beneficiaries.
One District One Product (ODOP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products. It aims to provide the framework for value chain development and alignment of support infrastructure. ODOP approved for 713 districts in 35 States/UTs with 137 unique products.
The scheme provides 50% financial grant for Branding and Marketing Support to groups of FPOs/ SHGs/ Cooperatives or a SPV of micro food processing enterprises to promote their existing or proposed brands to market their processed food products under the scheme.
Micro, Small and Medium (MSME): Advances to SSI, SRTO, Retail Trade, Small Business and Professional & Self- Employed Persons are redefined as Micro and Small Enterprises covering manufacturing, processing/ preservation of goods and service activities. A facility for coverage of eligible loans upto Rs.50.00 lakhs under CGTMSE guarantee cover is available.
PSFB Trade Overdraft: Customers who are dealing in trade, business, small scale industries, contractors, registered commission agents are eligible to avail Pragathi Trade Overdraft. This facility can be provided for working capital needs of the Business enterprises. Need based finance upto Rs.500 lakhs.
PSFB SRTO: This scheme is introduced to meet the financial requirements for purchase of power driven vehicles i.e. Auto Rickshaws, Van, Boat, Lorry, Truck, Cabstar, Cars etc. Finance upto 85% of cost of the vehicle. CGTMSE guarantee cover is available for loans upto Rs.10.00 lakhs
PSFB Show Room Furnishing / Shop Renovation Scheme: The scheme aims at catering to the needs of Traders/ Shop keepers/ Show room owners who are going to renovate the existing shop or for furnishing of their proposed new shop. There is ample scope to finance new customer under this scheme to improve credit growth.
Prime Minister’s Employment Generation Programme (PMEGP): The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
The maximum cost of the project/unit admissible in manufacturing sector is Rs.25 lakhs and in the business/service sector, it is Rs.10 lakhs. Eligible subsidy under PMEGP (of project cost) for General category 15%(Urban), 25%(Rural), Special category like SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, etc. is 25%(Urban), 35%(Rural) The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. The repayment schedule is ranging between 3 to 7 years.
Pradhan Mantri Mudra Yojana (PMMY): The finance under PMMY segment mainly consists of Non-farm Enterprises in Manufacturing, Trading and Services, whose credit needs are below Rs.10.00 Lakh. Loans given to this segment for income generation will be known as “MUDRA” loans under the Pradhan Mantri MUDRA Yojana (PMMY) and branded accordingly.
PSFB Swagruha Loan: Maximum loan upto Rs.150.00 lakhs. Margin varies between 10-25% on the cost of construction/Purchase of the House. Security is mortgage of the site and building to be constructed thereon. Flexible repayment period upto 70/75 years of age of the applicant. For repairs/renovations also, we will consider loans upto Rs.6.00 lakhs.
PSFB Swagruha Plus: A hassle free top up loan to existing Housing Loan customers with regular repayment record. Loan amount upto Rs.5.00 lakhs with repayment period upto 84 Months.
PSFB Conveyance Loan: For Purchase of Brand New vehicle (2 & 4 wheelers) for personal use. Maximum finance for purchase of 4 wheeler is Rs.15.00 lakhs with a flexible repayment period upto 84 Months. 85/90% of the on road finance of the vehicle.
PSFB Vidya Loan: Adopts IBA Model education loan scheme. Financial assistance for study in India and Abroad. Need based finance upto Rs.30.00 lakhs.
PSFB Multi Purpose Mortgage Loan: To provide financial assistance for any genuine business / personal credit requirements the loan under PMPML scheme on Residential/Commercial Property. Loan assistance upto Rs.100.00 lakhs with a repayment period upto 7 years.
Personal Banking Loan: Personal loans to employees in Govt., Quasi Govt., Local Bodies, Govt. Aided Bodies, etc. who are drawing their salaries through our branches are eligible to avail these loans. Maximum loan of 15 times the Gross salary subject to cutback norms. Repayment upto 5 years.
Rent Plus: A retail credit scheme against the rent receivables to deliver the credit to such categories of clientele who are getting assured rental income from the registered lease deeds executed with reputed Corporates with a minimum lease period of 36 months and maximum period not exceeding 120 months of rent receivable to be financed. The maximum amount that can be sanctioned is 120 months rent receivable.
Pragathi KCC: The Kisan Credit Card has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. Main features of the scheme are (a) Meeting the short term credit requirements for cultivation of crops (b) Post Harvest expenses (c) Produce Marketing Loan (d) Consumption requirements of farmer household (e) Working Capital requirement for maintenance of farm assets and activities allied to agriculture, dairy animals, inland fisheries etc.
KCC (AH&F): The Government of India has been providing the Interest Subvention @2% p.a. on the loans arranged to the farmers under Pragathi Kisan Credit Cards / Crop Loans upto Rs.3.00 lakhs provided the loans are arranged @7% p.a. rate of interest.
Pragathi Produce Loan Scheme: The scheme is introduced to protect the interest of the farmers, who are the Bank’s major clientele, by financing against the pledge of Warehouse Receipts (in respect of produce stored by the farmers) issued by Central and State Warehouses and private godowns having collateral management agreement services approved by bank
Rythu Mitra Groups (RMGs): In order to consider financial assistance mainly to the SF/MF/Tenant Farmers/Share Croppers/Lessee farmers, financial assistance required to RMGs may be realistically assessed and financed and repeat finance may be extended on savings to loan ratio up to 1:20 depending on quality of the RMG and the recovery position of the loans extended to RMGs.
The financial assistance can be for Crop Production, Investment Credit, etc. and repayment period shall be as per the scheme/purpose. The good functioning groups shall only be considered for financial assistance.
Joint Liability Groups (JLGs): It is an informal group comprising 4 – 10 members. The JLG is primarily a credit group and savings by the JLG members is voluntary. The members of JLGs can avail loan either singly or through group mechanism. Group shall comprise members of similar socio-economic status and background and carrying out farm related activities, who agree to function as JLG. The farmers joining the group should cultivate the lands in the same village or in a contiguous area known to each other well and has interest and mutual trust to continue as group members.
Financing Tenant Farmers (CCRC): Govt. of AP brought new act viz., Andhra Pradesh Crop Cultivator Right Act 2019 during Aug 2019. Under that act Crop Cultivator Rights Cards (CCRC) will be issued with the mutual agreement of land owner and cultivator for the period of 11 months, which entitles the tenant farmer to avail bank finance
Investment Credit: Term Finance to borrowers engaged in allied activities like Dairy Farming (Pala Dhara) (Mini Dairy units), Sheep Rearing, Heifer Calf Rearing, Ram lamb Rearing, Pragathi Farm Mechanization, Minor Irrigation including Sprinkler and Drip Irrigation, Floriculture, Horticulture and Orchards, Bio-Diesel, Land Purchase Scheme, Agri. Business & Agri. Clinics, Pragathi Jaladhara, Sericulture, Fisheries, Rural Godowns, Bio-Gas, Organic Farming, Vermiculture and Vermi composting, Poly houses, Cold Storage, Milk Chilling Centers, etc.
Self Help Groups (SHGs): In tune with the Government of India/Reserve Bank of India/NABARD policy for extending hassle-free financial support to the Self Help Groups, the SHG bank linkage programme shall be given due importance. All the eligible groups, with membership ranging from 10-20, shall be considered for financial assistance adequately in the form of Cash Credit / Overdraft facility basing on the corpus and Micro Credit Plans.
