Scheme for Financing Farmer Producer Companies / Organizations (FPCs / FPOs)

• Provides loan provision for various registered Farmer Producer Organisations
• Nil Pre- payment charges
• Nil Processing Charges for aggregate loan upto Rs 3.00 Lakhs
• Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs
• Credit Guarantee is available for collateral free loans to FPCs/FPOs by various agencies like SFAC/NABARD/NCDC/ CGTMSE etc.
• Maximum Loan upto Rs 500 Lakhs

Loan facilities may be considered for any agriculture based activities by the FPC/FPO benefitting their farmer as

• For agriculture and allied activities viz. dairy, fishery, animal Husbandry, poultry, bee keeping etc.
• Purchase of Input material for supplying to the farmers.
• Warehouse receipt finance.
• Infrastructure for marketing activities.
• Setting up of Common Service centers / Common Facilities.
• Setting up of Processing Centre.
• Common Irrigation Facility.
• Custom Purchase/Hiring of Farm Equipment.
• Purchase of High-Tech Farming Equipment.
• Purchase of produce from members for forward linkage.
• On lending to members for their various agriculture needs as mentioned above.
• Other productive agricultural purposes - based on investment plan submitted.

Note: These are indicative list of activities, however applications may be considered for FPOs towards any other activities related to agriculture and allied activities.

All registered Farmer Producer Organisations with at least 3 months of operations since registration.

• Complete Loan Application
• KYC Document of Directors.
• Last six months bank statement
• PAN, DlN, TlN, VAT etc. registration of FPCs
• Audited statement of last 2 years or at least six-month for new FPCs
• MoA and AoA of FPC
• List of Board of Director and office bearers
• Promoter's request letter addressed to the Bank Manager on original letter head of' FPC
• Equity/CA Certificate.
• Other document as per requirement of Credit Guarantee Scheme
• ROC Search Report

• Pre- payment charges :Nil
• Processing charges:
  1. Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
• For Working Capital (Fresh/Review)
  1. Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/- Lakhs or part thereof +GST
  2. Above Rs 10 Lakhs- Rs 350/lakh or part thereof maximum Rs 35.00 Lacs
• Term Loan:
  1. Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs
• Inspection Charges:
  1. Waived upto Aggregate Loan Agriculture exposure upto Rs. 3.00 Lakhs
  2. Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
  3. Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
  4. Above Rs 1 Crore - Rs 5000

Note : The Bank may use the services of agents in sales/marketing etc. of its various products