andhrabank.in AB Kisan Vivek Scheme for Agril Graduates : Andhra Bank
Organization : Andhra Bank
Service Name : Kisan Vivek Scheme for Agril Graduates
Applicable State/UT: All India
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Kisan Vivek Scheme for Agril Graduates : http://www.andhrabank.in/English/AgriClinics.aspx
Website : http://www.andhrabank.in/English/Home.aspx
AB Kisan Vivek :
(Scheme for Agril. Graduates)
Eligibility
** Trained Agricultural graduates and Postgraduates by MANAGE (National Institue of Agricultural Extension Mangement) will be considered under the scheme.
Related : Andhra Bank Solar Off-Grid & Refinance Scheme : www.statusin.in/20749.html
The trained graduates could also undertake group projects of the group consists of five more persons, all except one of them would have tobe Agricultural Graduate, trained under the scheme and the remaining persons could be non agril. graduate wilh experience in business development and management.
** Graduates in Agriculture and Allied Subjects from State Agriculture Universities (SAUS) / Central Agricultural Universities / Universities recognized by ICAR / UGC
** Diploma in Agriculture and Allied subjects from State Agricultural Universities
** Science Graduates with Post Graduation in Agriculture and Allied Subjects
Linkage with Credit :
Assistance under scheme would be purely credit linked subject to sanction of the project by the bank branch based on economic viability and commercial consideration.
LOCATION :
The units are to be established in the Village / Mandal / Block Headquarterswhere good potentiality is existing for the services.
Amount of Loan:
Under the scheme a maximum amount of Rs.20.00 lakh will be financed to the individuals (25.00 lakh in case of extremely successful candidate). In case of group loans, the amount of loan can go up to Rs.100.00 lakhs (minimum 5 individuals).
Subsidy :
1. Composite Subsidy- backended 36% of the Project Cost
SC,ST,Women -44%
Lock in period 03 years
Margin:
Up to Rs.5.00 lacs – No Margin
> Rs.5.00 lacs – 15 %
In respect of SC/ST, Women borrowers, 50% of Margin money of 15% – Soft loan will be given by NABARD without interest.
Repayment schedule:
The repayment period will depend on nature of activity and vary between five to ten years. The maximum gestation period is 2 years depending upon the nature of the project.
Security:
a. Primary security of all the equipment financed.
b. Collateral security:
| Loans up to Rs.5.00 lakhs – |
No collateral security |
| Hypothecation of Assets |
Insurance:
All the machinery and equipment financed will be insured against all the possible risks.
About Us :
“Andhra Bank” was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.
To become a significant player, providing full range of banking services through innovative customer centric products and to maximize stake holders’ value.
To work together towards delivering excellent customer service by leveraging on technology and human resources to attain world class performance standards.
Contact Us :
Andhra Bank
5-9-11, Dr Pattabhi Bhavan,
Secretariat Road, Saifabad
Hyderabad 500 004. Telangana