Agriculture


Tie up arrangements / developments in respect Agriculture Sector

1. Bank has launched and is issuing Dena RuPay KCC Debit cum ATM Card for DKCC holders.

2. Bank has entered into tie up arrangements with Collateral Management Agencies like National Bulk Handling Corporation Limited (NBHC), NCML, Star Agri for financing to farmers against pledge of warehouse receipt issued by the Collateral Management Agencies.

3. Bank has entered tie up arrangement with M/s International Tractors ltd. (ITL) for channel financing to tractor dealers ITL.

4. Bank is having tie-up arrangement with various tractor manufacturing companies for retail financing of tractors under Dena Bank Tractors Agri Finance Scheme. Under these tie -up arrangements, the companies are providing cash discounts / extended warranty periods to the farmers.

Rate of Interest for Agriculture Advances

Sr. No.

Category

Base rate w.e.f. 09.02.2013

Spread

TP

Applicable RoI

1.

Limits irrespective of Direct / Indirect Agriculture

1.1

Upto Rs. 3.00 lakhs (For production credit)

10.25%

0.00

0.00

10.25%

1.2

Upto Rs. 3.00 lakhs(For investment credit)*

10.25%

0.00

0.50

10.75%

1.3

above Rs. 3.00 lakhs to Rs. 10.00 lakhs

10.25%

1.00

0.00

11.25%

1.4

above Rs. 10.00 lakhs to Rs. 1.00 crores

10.25%

1.50

0.00

11.75%

2.

Dena General Credit Card

10.25%

2.00

0.00

12.25%

*Here loans payable beyond 3 years.

 

{It is clarified that as per revised rate of interest, term premium is applicable for Term Loans under Agriculture with sanctioned limits up to Rs. 3.00 lakhs and repayable in more than 3 years}.

For loans above Rs. 1.00 crore, rate of interest will be as per credit rating.

List of schemes for financing to Agriculture Sector

Bank has introduced Dena Kisan Gold Credit Scheme for farmers to help them to avail of loans and financial benefits from the bank.


Ø  Dena Kisan Credit Card
Ø  Dena Agriculture Gold / Silver Loan Scheme
Ø  Dena Kisan Tatkal Scheme
Ø  Dena Kisan all purpose Term Loan
Ø  Financing farmers for purchase of land for agriculture purpose
Ø  Scheme for financing Pre-seasonal Harvesting and Transport  (H&T) advance to Individual Sugarcane
Ø  Scheme for produce marketing loans to farmers against storage of agricultural commodities and Bulk financing to warehouse / cold Storage / Rural Godowns
Ø  Scheme for running / maintenance of Cold Storage units and storage of seed potatoes & other permissible agricultural commodities.
Ø  Scheme for financing to units engaged in grading and sorting of all agricultural commodities
Ø  Financing construction of Rural Godowns, cold storages, warehouse
Ø  Dena Seed Processor’s Finance Scheme
Ø  Dairy Plus Scheme for financing through Village level Utpadak Sahkari Mandalies for onward lending to their members for purchasing of milch animals.
Ø  Financing for purchase of Farm Machineries / Excavator
Ø  Dena Shahri Bagwani Yojna
Ø  Dena Blue Credit Card
Ø  Dena General Credit Card
Ø  Dena Krishak Sathi Scheme
Ø  Agri-Clinic and Agri Business Scheme