In order to enhance farmer’s productivity and income through the application of best agri. practices and reducing farmer’s cost, a model of financing to Service Provider/Crop Production Companies (CPCs) having technical expertise and adequate management resources has been evolved/conceived which is expected to bring about a great change in agriculture scene of the country. With this objective ZTBL will facilitate the farming community through financing to Service Provider (SP)/Crop Production Companies (CPCs) or groups of growers/producers/farmers registered with SP/CPCs.
The loan will properly be secured against following securities:-
Registered mortgage of property/ land and other tangible securities acceptable to the Bank.
Post dated cheques from concerned Service Provider/Crop Production Company (CPC) for repayment of loan/loan installments.
In addition to personal guarantee(s)/securities acceptable to the Bank/Bank guarantee.
A. Production Loan:
i) The loan to be advanced for Rabi Crops (to be disbursed from 1st October to 31st December) would be recoverable on 15th June & (to be disbursed from 1st January to 31st March) would be recoverable on 15th September and for Kharif Crops (to be disbursed from 1st April to 30th June) would be recovered on 15th December & (to be disbursed from 1st July to 30th September) would be recoverable on 15th March with one month grace period.
ii) Since maturity period of Sugarcane Crop is more than one year, therefore loan advanced for sugarcane crop (Aug-April) would be repayable in two installments on 15th January and 15th April as per standing instructions of the Bank with grace period of one month.
iii) The loan to be advanced for working capital of dairy/livestock would be recovered in two half yearly installments on 15th January and 15th July.
iv) The loan to be advanced for all services relating to agri. activities would be recoverable in six months after disbursement in lump sum on 15th January or 15th July as the case may be.
B. Development Loan:
The loan to be advanced for development purposes would be recoverable within five years in half yearly installments after six months of its disbursement on 15th January & 15th July.
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