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CROP LOAN (S.A.O)

Crop loans for the cultivation / Agricultural operations will be issued to members of the affiliated societies. Such loans will be issued for the cultivation of Paddy - Ragi - Maize - Areca - Sugarcane - Chillies - Ginger - Sweet Potatoes - Tapioca - Cocoa - Groundnuts - Banana - Sericulture crops etc., or any other crop to be decided by the Bank every year.

The State Level Technical Committee (SLTC) will fix the scale of finance for every crop as laid down in the crop manual - with reference to the cost of cultivation of each crop and such scale shall be in force till fixation of new scale of finance. There are two components in the scale of finance such as "A" & "B", "A" component is paid in shape of cash through SBD account of farmer and "B" component is supplied in shape of kind, such as ; fertilizer, pesticides and seeds.

LOAN TO SHARE CROPPERS (CROP LOAN)
The Bank provides financial assistance to land less Share Croppers for their Short Term Agricultural operation under JLG and BALARAM Scheme. The volume of Loan depends on the Land they are cultivating as Share Cropper and the Scale of Finance approved by the State Level Technical Committee (SLTC) every year. The repayment period and rate of interest on the loan shall be the same as applicable to other farmers from time to time.

SCALE OF FINANCE APPROVED BY SLTC.