Shadabi Plan covers the agriculture loan products for the production requirements of farm & non-farm activities of the farming community. Financing products extended under this category are Agriculture Running Finance-Revolving (ARF-R), Agriculture Production Finance (APF) and Agriculture Production Finance Growers (APF-G). A brief description of finances under Shadabi Plan are provided below.
The objective of the product ARF-R is adequate and timely support from bank to farmers for their cultivation needs including purchase of inputs in a flexible and cost effective manner. The product is structured to facilitate the borrowers for their financial needs of routine nature with one time documentation during the validity of 3 years limit, subject to the defined condition of annual cleanup.
APF caters the financing needs for production activities on the farm which mainly include seed, pesticides and fertilizers along with provisions for miscellaneous expenses like payment of electricity & diesel bills and the like items as per list of eligible items.
Agriculture Production Finance-Growers (APF-G) is generally allowed to Sugar-cane Growers who supply their produce to Sugar Mills. Usually a Sugar Mill manages a relationship with large number of growers/farmers and induces & facilitates these growers to ensure continuous supply of raw material. The purpose of the facility is to meet the input needs for sugar-cane crop of the Growers.
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