AGRICULTURE FINANCE IN INDIA

INTRODUCTION

Finance in agriculture is as important as development of technologies. Reserve Bank of India Act 1934, District Central Co-op. Banks Act and Land Development Banks Act. "Green Revolution", "White Revolution" and now "Yellow Revolution"

AGRICULTURE GROWTH RATE IN INDIA

GDP means the total value of all the services and goods that are produced within the territory of the nation within the specified time period. The agricultural sector has always been an important contributor to the India GDP. Agriculture Growth Rate in India GDP has declined over the years.

TYPES OF CREDITS

Short -Term Medium - Term Long- Term

LAND DEVELOPMENT BANKS(LDB)

Structure Raising Funds Issue of debentures

CROP LOAN

Crop loan is a short term credit and is generally obtained from primary credit co-op. Society of a village or also from commercial bank. two criteria for granting crop loan

One third of gross value Cost of cultivation.

AGRICULTURAL LOANS

Agricultural loans are available for a multitude of farming purposes.

COOPERATIVE AGRICULTURAL BANK

National Bank for Agriculture and Rural Development or NABARD Bihar State Co-operative Bank Limited (BSCB) Haryana State Co-operative Apex Bank Limited (HARCOBANK) National Federation of State Co-operative Banks Limited (NAFSCOB)

Orissa State Co-operative Bank Limited (OSCB) Repatriates Co-operative Finance and Development Bank LimitedPunjab State Cooperative Agriculture Development Bank Ltd Andhra Pradesh State Cooperative Bank Limited (APCOB)

NATIONALISED BANKS

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank

Dena Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab and Sind Bank Punjab National Bank Syndicate Bank UCO Bank

Union Bank of India United Bank of India Vijaya Bank

SCHEMES FOR AGRICULTURE FINANCE

SBT KISAN GOLD CARD SCHEME (General purpose Agriculture Term Loan) KISAN CREDIT CARD SCHEME HOMESTEAD FARMING LOAN FOR ESTATE PURCHASE SCHEME FOR FINANCING FARMERS FOR PURCHASE OF LAND FOR AGRICULTURAL PURPOSES SCHEME FOR CULTIVATION OF MEDICINAL PLANTS CONSTRUCTION / RENOVATION / EXPANSION OF RURAL GODOWN

SCHEME FOR CULTIVATION OF VANILLA SBT RAIN WATER HARVESTING SCHEME PRODUCE MARKETING LOAN (Advance against Warehouse Receipt) AGRI. LOAN TO NON-RESIDENT INDIANS MINOR IRRIGATION FARM MECHANISATION AGRICULTURE GOLD LOAN SCHEME FOR DEVELOPMENT / STRENGTHENING OF AGRI. MARKETING INFRASTRUCTURE, GRADING AND STANDARDIZATION

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