Banner Mansa Central Cooperative Bank

IFSC Code: UTIB0SMSA01 | Latest Scheme: |




      Short Term Crop Loan


Beneficiary
Farmers Through Multipurpose Cooperative Agriculture Service Societies.

Purpose
Production of Crops

Loan Limit
As per Land Holding and Scale of finance for each crop fixed from time to time by The Registrar, Cooperative Societies, Punjab, Chandigarh.

Rate of Interest
7.00% from Farmers by Societies.
5.00 % from Societies by bank.

Subsidy
3% subsidy for repaying the loan in time.

Margin
No margin money required

Repayment Period
Half Yearly linked with Crop Harvesting i.e. 30th June and 31st January.

Collateral Security
NIL


      Revolving Cash Credit


Beneficiary
Any individual farmer holding the agricultural land.

Purpose
Credit facility for meeting out socio-economic and agricultural needs

Loan Limit
Maximum amount RS 15.00 lakhs or RS 2.00 per acre.

Rate of Interest
11.50%

Margin
No margin money required

Repayment Period
Renewable on annual basis.

Collateral Security
Agriculture Land valuing at 150% of the Loan amount.


      Agro Service Center


Beneficiary
Any individual farmer holding the agricultural land.

Purpose
To purchase the agriculture implements.

Loan Limit
Maximum amount Rs.10 lakhs

Rate of Interest
11.25%

Repayment Period
Maximum 5 years

Collateral Security
Agriculture Land valuing at 150% of the Loan amount.


      Loan for Net Houses


Beneficiary
Any individual farmer holding the agricultural land.

Purpose
To grow the seasonal vegetables.

Loan Limit
Maximum amount RS. 90000.

Rate of Interest
12.00%

Repayment Period
Maximum 5 years

Collateral Security
No collateral security required. Only 2 good sureties accepted to the bank required.