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AGRI-BUSINESS SCHEMES
Agri-business Schemes
 
Agri-Business usually comprises of many organizations and enterprises which in some way contribute for value, market and supply chain elements such as production, marketing, processing, packaging, transportation and wholesale as well as retail trade.
There is an urgent need to make Indian Agriculture demand driven, enhance value addition in agriculture products and leverage competitive advantages to maximize opportunities in the domestic as well as global markets.
The production level of our farm has to further grow consistently to maintain food security for the ever-growing population.
 
National Agriculture Policy
 
Our National Agriculture Policy seeks to actualize the vast untapped growth potential of agriculture, strengthen rural infrastructure to support faster agricultural development, promote value addition, accelerate growth of agri-business and create employment in rural areas.
 
Growth Projections ? 11 Th Five Year Plan
 
Overall growth in Agriculture From 2% to 4%
Gross capital formation in Agriculture 12% to 16%
Production of cereals From 2% to 2.5-3% (to increase by 20 mT by 2012
Milk Production From 91.3mT to 130 mT by 1015
Processing of fruit and vegetables From 6% to 20%
Share of agriculture in exports From 1.5% to 3%
 
Annual Demand Growth Projections For Next Five Years
 
Milk/Milk products 6%
Other livestock 5%
Poultry 10%
Horticulture 6%
Fisheries 6%
Medicinal plants 15%
Consumption of process foods 10%
 
PNB Initiatives
 
ABC For Agribusiness Cell
In order to maintain competitive edge and by focusing on the emerging avenues for Agribusiness our Bank has established Agri-Business Cell ( ABC ) in Priority Sector & Lead Bank Division, at Head Office.
 
Bonds of Synergy
For increasing our Bank's out reach to farmers across the country, PNB is forging tie ups with Sugar Mils, Dairy Development Corporations , Collateral Managers etc. for financing farmers under Business Facilitator Model and Management and Collection Agent Model. ABC in PNB is instrumental in scripting such tie ups.
 
Objectives & Functions of Agri-Business Cell
 
  • To facilitate financing hi-tech and Export-oriented Agriculture and allied activity projects.
  • To co-ordinate area development programmes with Research Organization sharing their technical expertise and guidance and disseminate knowledge to our field functionaries.
  • To conceive and formulate innovative schemes based on the latest technology in Agriculture.
  • To search strategies for sustainable rural development where our bank's credit inputs may be utilized most efficiently. To liaison with various Chambers of Commerce and Industry, Business Associations, Non-Government Organizations, Corporate bodies, Export Houses, Marketing Organizations and other stake holders for development of agri-business.
  • To generate new knowledge and skill for Human Resources Development in the field of Rural Credit.
  • To keep the Top Management informed of the latest developments in rural finance by conducting monitoring/evaluation/impact studies.
  • AGRIBUSINESS CELL cherishes Handholding agri-preneurs, farmers.
  • Providing dedicated support system to field functionaries in the area of Agribusiness financing.
  • Acting as catalyst for promoting technology driven solutions for the benefit and utility of rural clients.
 
Emerging Avenues and Blooming Opportunities in Agri-Business
 
India is a land of opportunities for Agribusiness.The diverse land,soil,climate combinations obtaining across the country offer immense scope and seasmless flexibility for multifarious agribusiness activities and ventures.
There is a silver lining in the recent economic global downturn.It has opened up a stream of opportunities for Indian agri-exports across the World.
ABC in PNB has clear focus on helping entrepreneurs and other stake holders in translating the available opportunities into agribusiness reality in the following areas.
  • Agri Clinics / Agri-Business
  • Agri-processing
  • Bio-fuels
  • Contract Farming
  • Corporate Farming
  • Hi-tech Agriculture
  • Medicinal and Aromatic Plants
  • Organic Farming
  • Plantation s and Horticultural Crops
  • Rural Godowns and Cold Storages
Venture Capital Financing in Dairy & Poultry
 
The Microcosm of Micro Credit
 
Our MANTRA for MICRO CREDIT expansion is to lend through on-lending.
ABC in PNB promotes financing MFIS for Onlending to Individuals Members , or their JLGs/SHGs.
Our financing products include direct financing to MFIs and Out right Buy-Out of Credit Portfolio of MFIs.
All serious players in the arena of Micro Credit are encouraged and are welcome to interact with ABC in PNB.
 
Expanding The Horizones Of Agribusiness Financing
 
PNB has inked MOU in the area of Collateral Management with National Bulk Handling Corporation for financing against WareHouse Receipts.
Similar tie ups are on the anvil with other important players in the area of Warehousing and Collateral Management.
PNB has MOU with M/s International Tractors Limited for Channel Financing of Tractors.
PNB entered into tie up with M/s D1 Williamson Magor Biofuel Limited for financing Jatropha Cultivation in North East and Jarkhand.
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AGRI-BUSINESS SCHEMES
 
  1. Scheme For Financing Farmers Growing Sugar Cane Crop In Tie Up Arrangement With Sugar Mill Acting As Business Facilitator.
  2. Scheme For Financing Micro-Financing Institutions (Mfis) For On-Lending To Individual Members Or their SHGS/JLGS.
  3. Scheme for Financing against Pledge of Warehouse Receipts issued by National Bulk Handling Corporation Ltd. (NBHC)
 
 
1. Scheme For Financing Farmers Growing Sugar Cane Crop In Tie Up Arrangement With Sugar Mill Acting As Business Facilitator
 
 

PURPOSE : To provide Crop Loans for cultivation of sugar Cane under tie up arragment with Sugar Mills acting as Business Facilitator.

ELIGIBILITY: Farmers growing and supplying Sugar Cane .

NATURE OF LOAN : Cash Credit

EXTENT OF LOAN : Need based Maximum Rs.3.00 Lakh

REPAYMENT OF LOAN : 12/18 months.To be synchronized with harvesting of crop.

 
2. Scheme For Financing Micro-Financing Institutions (Mfis) For On-Lending To Individual Members Or their SHGS/JLGS.
 

Purpose :  

a.Project Based Lending:

Bank finance may be extended to MFIs as Project based lending. Project Based Lending:

If the MFI clients desire to set up entrepreneurial activity either at Village/Cluster/Federation level, the project cost of an individual unit may be prepared and all such individual unit costs be aggregated into a comprehensive project cost and based on the viability of the project and number of units proposed to be set up in a particular area, the Bank may consider financing the activity through the MFI.

Example: Setting up of Milk Chilling units by SHGs in areas nearer to Dairy /Milk processing units .

b. Client Based Lending:

The client base of MFI is built up over a period of time and they are continuously serviced, nurtured and monitored by the MFIs. Based on the past performance and future projections we may finance the MFIs. The MFI should furnish the particulars of Groups proposed to be assisted in the format suggested below

Eligible intermediaries engaged in Micro finance activities:

i) Not for profit MFIs:

a) Societies registered under Societies Registration Act,1860 or similar State Acts.

b) Public Trusts registered under the Indian Trusts Act 1882

c) Non Profit companies registered under Section 25 of the Companies Act,1956.

(ii) Mutual Benefit MFIs:

a) State Cooperative Societies (incorporated under State Co-operative Acts)

b) National Credit Cooperatives(Central Multi State Co-operative Act)

c) Mutually Aided Cooperative Societies (MACS)-only in Andhra Pradesh so far incorporated under Andhra Pradesh Mutually Aided Co-op. Societies Act 1995)

(iii) For Profit MFIs:

Non Banking Financial Companies(NBFCs) registered under the companies Act, 1956 (NBFCs which are accepting deposits are required to be registered with RBI)

Nature of facility: Term Loan, Short Term Loan and Working Capital Reqquirements.

Extent of Loan: Need based subject to exposure norms (Presently maximum 300 crore)

Repayment: Term Loan is repayable over a period of 3 to 7 years.
 
3. Scheme for Financing against Pledge of Warehouse Receipts issued by National Bulk Handling Corporation Ltd. (NBHC)
 

i) Purpose: The purpose of the scheme is to provide liquidity to the borrowers.

ii) Eligibility: Farmers (including Associations of Farmers like Primary Agricultural Co-Op. Societies, Farmers Societies including Marketing Societies provided their bye laws permit availing such loans). Traders and Processors/ Exporters/ Importers who are original depositors of the receipts issued by NBHC covering non ? perishable agricultural commodities and excluding all perishable agricultural commodities

iii)Nature of Facility: Demand Loan or Cash Credit Running Account Facility against pledge of warehouse receipts.

iv)Extentof Loan:

Need based with Min. of Rs.50000/- (Fifty thousand only) and maximum

•  Rs.10.00 lakh per Individual Farmers, including SHG/JLG.

•  Rs.25.00 crore to Sole Proprietor ship concerns and Partnership Firms,

•  Rs.50.00 crore to Other Borrowers.

v) Margin:

20% to 40% on various specified non-perishable agriculture commodities. On other non-perishable agriculture commodities, minimum 25%.

vi)Repayment:

i) Demand Loan shall be sanctioned for a period not exceeding twelve months from the date of receipt.

ii) Cash Credit Running Account Facility shall be valid for one year and renewable thereafter. However, the period of advance against individual warehouse receipts shall not exceed twelve months.

vii)Nodal Officer : Nodal Officer is available in each Circle Office as one touch point for coordinating the implementation of the Scheme.