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Sugar Premium Scheme
Purpose / ObjectiveTo enhance credit facility to the registered cane growers for investment credit requirements of farm activities besides crop loan.
EligibilityFarmers supplying cane to reputed sugar Mills for the past three years. Term loan should also be recommended by the Mill.
Amount of Loan* Crop Loan: 60% of the value of the estimated produce or Rs.20,000/- per acre whichever is lower.
* Term Loan: Maximum or Rs.15,000/- per acre. Ceiling of Rs.1 lakh per acre for taking up various developmental activities like deepening of well etc.
Interest Rates
Amount Slab Interest Rate
Upto 3 Lakhs 7%
>3 Lakhs Please refer the Lending Rates link on home page in our Bank`s Website.
RepaymentCrop Loan: Bullet payment within a period of 15 months max.
Loan: To be repaid in 3 crop seasons.
Securitya) Upto RS.2.00 lakhs. Guarantee from two tie-up farmers who have registered with sugar mills.
b) >Rs.2.00 lakhs Additional security collaterals as per guidelines.
* BPLR and BASE RATE - Available in Home Page 

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