Andhra Pragathi Grameena Bank
WELCOME TO THE WEBSITE OF ANDHRA PRAGATHI GRAMEENA BANK : “Tender for providing Housekeeping & Security Services - Last date for acceptance of Bids(Both technical and Financial Bids) is on 21.09.2017(14.00Hrs) only and opening of Technical Bid is on 21.09.2017(15.30Hrs) only. Please note that for submission of Bid security for Rs.15.00 lakhs by L1 Bidder shall be 26.09.2017”

Products & Services-Credit

PRAGATHI KCC/PRAGATHI MULTIPURPOSE KCC

Pragathi Kisan Credit Card/Pragathi Multipurpose Kisan Credit Card addresses these National Policy concerns admirably as it provides hassle free credit to farmers taking into account the entire production credit requirements of the farmer for the full year.  The scheme also provides for comprehensive coverage of the entire range of credit needs of the agriculturist including investment credit needs for agriculture, ancillary activities and even consumption needs to a limited extent i.e., 20% of the loan amount or Rs.20000/- whichever is less.

Hence, it is insisted that concerted efforts should be made to improve the coverage under the scheme by conducting ‘grama sabhas’ to identify non-loanee farmers/other needs of the farmers and to ensure that all eligible borrowers are covered under any one or more of our schemes.


PRAGATHI PRODUCE LOAN SCHEME

The scheme is introduced to protect the interest of the small and marginal farmers who are the Bank’s major clientele.  The scheme is introduced by the bank to finance against the pledge of the produce to meet out immediate needs of the farmers thereby preventing distress sale of produce during harvest/glut seasons when the market price will be much low.  Depending upon the market trends the SF/MF avail loans against their produce and sell in the market, when there is remunerative market price, thereby earn more income.


PRAGATHI AGRI GOLD SCHEME

Jewel loans can be sanctioned to the customers for the purpose of agricultural operations with the interest rate aplicable to the Pragathi KCC holders.  Repayment period is one year after arranging the loan based on the agricultural seasons.  The per gram lending rate is Rs.1600/- on the net weight of the ornaments or 75% of the market value (80% for hall marked jewels) of the ornaments as on the date of arranging the loan, whichever is less.  All the prudential norms applicable to the Pragathi KCC will also applicable to these loans.


PRAGATHI GENERAL GOLD LOAN SCHEME – NON-PRIORITY

All the customers of the branch, who are having SB/Current a/c are eligible for coverage under the scheme.  The loan is extended for meeting any productive purpose/agriculture/consumption needs, other than speculations.

The per gram lending rate is Rs.1600/- on the net weight of the ornaments or 75% of the market value (75 % for hall marked jewels) as on the date of arranging, whichever is less.  The loan amount is disbursed directly to the party or through the existing operative account.  The loan shall be repayable in 12 months .  The loan is secured against security of gold ornaments with 22 carats purity, gold coins with 22 carats and above purity.

The loan carries an interest rate of 13 % p.a. with monthly compounding basis and overdue interest at 2.25% over the normal rate shall be charged on the overdue loan amount


PRAGATHI BULLET GOLD LOAN – NON-PRIORITY

All the customers of the branch, who are having SB/Current Account, are eligible for coverage under the scheme.  The loan is extended for meeting any productive purpose/consumption needs other than speculation.  The loan amount along with interest shall be repaid within 12 months from the date of sanction.  Per gram lending rate is Rs.1600/- on the net weight of the ornaments or 75% of the market value (80% for hall marked jewels) whichever is less.  The loan amount is disbursed directly to the party through the existing operative accounts.  The loan is secured against security of gold ornaments, gold coins with 22 carat and above purity.

The loan carries an interest rate of 13 % p.a., with monthly compounding basis and overdue interest at 2.25% over the normal rate shall be charged on the overdue loan amount.


SELF HELP GROUPS (SHGs)

The Bank has introduced overdraft facility to SHGs in accordance with the Government of India guidelines.

In tune with the Government of India/Reserve Bank of India/NABARD policy for extending hassle-free financial support to the Self Help Groups, the SHG bank linkage programme shall be given due importance.  In this process, all the eligible ‘A’ rated groups shall be considered for financial assistance adequately basing on the Micro Credit Plans.

The interest shall be 14% p.a., irrespective of the quantum of the loan/overdraft.  The overdraft is valid for 3 years subject to annual review and the loan shall be repaid in 60 months.

The assets created out of the financial assistance shall be the security.  The decisions of the State Level Bankers’ Committee (SLBC) to be adopted from time to time.


RYTHU MITRA GROUS (RMGs)

In order to consider financial assistance mainly to the SF/MF/Tenant Farmers/Share Croppers/Lessee farmers, financial assistance required to RMGs may be realistically assessed and financed and repeat finance may be extended upto 1:20 depending on quality of the RMG and the recovery position of the loans extended to RMGs.

The financial assistance can be for crop production, investment credit, etc., and repayment period shall be as per the scheme/purpose.  The good functioning groups shall only be considered for financial assistance.

The interest rate shall be 7% upto Rs.3.00 lakh in the case of crop production loans and in the case of investment credit depending upon the purpose.

The assets created out of the financial assistance shall be the security.


FINANCING TENANT FARMERS – JOINT LIABILITY GROUPS

Since the system of tenant farming is also prevalent in our area, the tenant farmers should also be financed either through Joint Liability Groups (JLGs) formed exclusively for tenant farmers or to the individual tenant farmers.  It should be ensured that they are not denied any credit for crop production purpose or other genuine productive activities and at least 2% of our crop production finance is extended to tenant farmers


INVESTMENT CREDIT

It is considered as imperative to increase the share of investment credit at least 30% from the present level of 18% to 20% against total agricultural credit.  ence, the Bank has taken measures to train the Branch Heads/Assistant ManagHH Hence, the Bank has taken measures to train the Branch Head and Asst. Manager/Manager (Advances) on investment credit activities to enable them to appreciate the need of the investment credit to farmers and to implement the following schemes depending upon the need of the farmers in their area of operation.

Dairy Farming (Pala Dhara), Sheep Rearing, Heifer Calf Rearing, Ram lamb Rearing, Pragathi Farm Mechanisation, Kisan Pumpsets, Horticulture and Orchards, Bio-Diesel, Land Purchase Scheme, Agri Business & Agri Clinics, Pragathi Jalaraksha, Sericulture, Fisheries, Rural Godowns, Bio-Gas, Organic Farming, Vermikculture and Vermicomposting, Venture Capital, Cold Storage, Milk Chilling Centres, etc.


PRAGATHI FLEXI TRADE LOAN

To finance traders/small business men who intend to avail working capital term loans instead of cash credit finance.  The repayment period will be 60 months.  The security is, up to Rs.1 lakh – hypothecation of the stock-in-trade, above Rs.1 lakh – hypothecation and mortgage.  The security coverage shall be 150% of the loan.  The borrower’s contribution will be 25%.


PRAGATHI RURAL TOURISM

There is a lot of scope and potential in this sector for financing, especially in the rural tourism activities.  Certain specific pockets in the rural areas like those near beaches, river banks, places of pilgrimage, parks, places of scenic beauty, offer scope for rural tourism of diverse kinds like Echo Tourism, Craft based tourism, Agri tourism, Folk/Art based tourism, etc., provided wide scope for extending credit by Banks.


PRAGATHI DOCTOR’S PLUS

A new loan product to cater the needs of the Doctors with liberalized terms and conditions is introduced.  All the Doctors/Medical Practitioners registered with the National Council of Medical Practitioners with minimum qualification of MBBS/BAMS/BDS/BHMS are eligible.  Financial assistance upto Rs.50.00 lakh will be extended for all types of credit requirements such as construction/expansion of hospital building, purchasing of all types of medical equipment, vehicles, etc.  The credit facilities extended upto Rs.10.00 lakh under the scheme shall invariably be covered under CGTMSE and as such collateral security/third party guarantee should not be obtained.  Collateral security may be waived for advances over Rs.5.00 lakh and upto Rs.50.00 lakh based on the good track record of the clients.  Such accounts shall be invariably covered under CGTMSE.  The rate of interest is 12 %.  The loan shall be repayable in 7 years, in equated monthly instalments (inclusive of moratorium period). 


PRAGATHI VIDYA SCHEME

Maximum loan amount for studies in india is Rs.10.00 lakh and for studies in abroad is Rs.20.00 lakh.  No security up to Rs.7.50 lakh and collateral security of 100% of loan amount for the loans above Rs.7.50 lakh.  Repayment for these loans is 5 to 7 years commencing from 1 year/6 months after completion of course or on securing the job whichever is earlier


CENTRAL SCHEME TO PROVIDE INTEREST SUBSIDY (CSIS) ON EDUCATIONAL LOANS TAKEN BY STUDENTS FROM ECONOMICALLY WEAKER SECTIONS (EWS)

Government of India, Ministry of Human Resources Development, Department of Higher Education, New Delhi, has launched a scheme to provide interest subsidy for the moratorium period of Educational Loans availed by students from EWS to pursue Technical/Professional courses in India.  The scheme is effective from the acamedic year 200910.

The scheme would be applicable only for studies recognized Technical/Professional courses in India.  The interest payable by the student belonging to EWS for availing Educational Loans for the period of moratorium i.e., course period puls one year or six months after getting job whichever is earlier.

The benefits of the scheme would be applicableto those students belonging to EWS with an annual gross parental/family income upper limit of Rs.4.50 lakh per year (from all sources).

The scheme shall be applicable from the academic year 2009-10 starting 1st April, 2009.  The loan amount taken starting from the academic year 2009-10 (irrespective of the date of sanction) shall only be covered under the scheme of interest subsidy.  Interest on any amount disbursed before 01.04.2099 would not be considered for subsidy.

The scheme shall be implemented through Canara Bank, which is the Nodal Bank for the scheme.  However, the student can apply under the scheme only through branch where education loan is avalied.


PRAGATHI SWAGRUHA SCHEME

Maximum loan amount of Rs.25.00 lakh under Priority and above Rs.25.00 lakh upto Rs.50.00 lakh in Non-Priority subject to 85% of the estimated construction cost/valuation of readiy built house will be considered under the scheme.  Security is mortgage of the site and building to be constructed thereon.  For repairs/renovations also, we will consider loans upto Rs.200 lakh in municipal areas and Rs.1.00 lakh in other areas.


PRAGATHI AWAS LOAN

This housing loan scheme is designed to cater the needs of the persons who do not have recorded/verifiable income to be implemented in urban and Semi-urban areas.  Maximum loan amount of Rs.5.00 lakh subject to 80% of the estimated construction cost or valuation of ready built house will be considered under the scheme.  For repairs/renovations, loan upto Rs.2.00 lakh in urban areas and up to Rs.1.00 lakh in Semi Urban areas will be considered.  Security is mortgage of house site and building to be constructed thereon/ready built house to be purchased.


PRAGATHI SWAROJGAR CREDIT CARD SCHEME

NABARD has issued comprehensive guidelines on SCC under which the working capital or block capital or both to small artisans, handloom weavers, service sector, fishermen, self-employed persons and other micro entrepreneurs are covered.  SHGs can also be covered under SCC Scheme.  Hence, it should be the endeavour of the Bank that all the above activities should be financed under this scheme wherever their credit needs are up to Rs.50000/-.


PRAGATHI GENERAL CREDIT CARD

NABARD has given detailed guidelines of the scheme.  The loan amount is limited to Rs.25000/-.  This facility is in the nature of overdraft or cash credit and it is designed for meeting out the general credit needs of the customers of small menas, withour insisting on purpose and end use of the credit.  This should be used as a major tool to achieve 100% financial inclusion of rural and semi-urban households


WEAVER CREDIT CARD

In terms of Government of India guidelines our Bank introduced Weavers Credit Card Scheme (WCC).  WCC scheme aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit needs i.e., for investment needs or for working capital in a flexible and cost effective manner.


SAVINGS-CUM-OVERDRAFT FACILITY TO LANDLESS RURAL FARMERS

To promote savings amongst families, who do not own any land and live in rural areas, to meet their genuine credit requirements of consumption purposes on a need based principle by extending Savings-cum-Overdraft facility.  The overdraft limit fixed is Rs.10000/-.  No security.  The overdraft limit is valid for 3 years subject to annual review


PRAGATHI MULTIPURPOSE MORTGAGE LOAN (PRAGATHI MPML)

In this scheme, maximum Rs.25.00 lakh of loan will be considered subject to 50% of valuation of property, 5 times of annual income, 50% of cut back.  Security for the loan is mortgage of building/commercial complexes, etc.  Repayment period of the loan is 7 years


PRAGATHI RENT PLUS

The loan shall be given to any genuine business/personal credit requirement excluding for speculative/prohibited purposes.  Maximum loan amount is 75% of the rent receivable for 60 months.  The rate of interest is 14 % and poenal interest of 2.25% p.a., on the overdue amount.  The loan shall be repayable through rent received in 60 equated monthly instalments


CAPITAL SUBSIDY-CUM-REFINANCE SCHEME FOR INSTALLATION OF SOLAR OFF-GRID (PHOTOVOTAIC AND THERMAL) & DECENTRALIZED APPLICATIONS UNDER JAWAHARLAL NEHRU

The Ministry of New and Renewable Energy 9MNRE), Government of India has introduced a subsidy linked Credit Scheme for Solar off-grid (PV & Thermal) and decentralized applications to promote commercial marketing of Solar energy system and devices by extending financial incentives in the form of Capital and Interest Subsidy through NABARD.

The current of the scheme will be co-terminus with Phase-I (Initially up to March, 2013) of JNNSM.  The borrowers are required to bring in 10% of the cost of the project as the margin money for accessing the credit facilities from banks to acquire the assets.  The loans to cover the balance after reducing the eligible capital subsidy to an extent of 40%, would be extended with a repayment period not exceeding 5 years and would carry an interest rate of 11% p.a.  The loan amount shall be repayable in suitable instalments not exceeding 5 years.

MNRE in consultation with IREDA and NABARD has finalised 9 model project together with technical and financial parameters ranging the unit cost from Rs.2700/- to Rs.56700/-.


CENTRALLY SPONSORED SCHEMES OF ANIMAL HUSBANDRY SECTOR ADMINISTERED BY NABARD DURING 11TH FIVE YEAR PLAN PERIOD

The Government of India have introduced the following Animal Husbandry Schemes to be implemented upto March 2012 and extended upto March 2013.     

  1. Dairy Entrepreneurship Development Scheme.
  2. Integrated Development of Small Ruminants and Rabbits.
  3. Establishing Mother units for Rural Back yard Poultry.
  4. Pig Development.
  5. Utilisation of Fallen Animals.
  6. Salvaging and Rearing of Male Buffalo calves.
  7. Establishment/Modernization of Rural Slaughter Houses.

PRAGATHI SWARNA CREDIT CARD

All the individual customers of the branch, who are having SB a/c, are eligible for coverage under the scheme.  The loan is extended for meeting both productive and consumption requirements.

The account shall be in the form of Cash Credit/Overdraft facility for a period of 18 months  from the date of arranging the facility.  The per gram lending rate is Rs.1600/- per gram on the net weight of the ornaments or 65% of the market value as on the date of arranging whichever is less.

The OD carries an interest rate of 11% p.a., with monthly rests and an overdue interest @ 2.25% over the normal rate shall be charged on the overdue loan a/c.  The loan is secured against the security of jewels with 22 carat purity/gold, gold coins with 24 carat purity.


PRAGATHI COMMERCIAL COMPLEX LOAN

Financial assistance up to 50% of estimated cost of construction will be considered under the scheme for construction of commercial complexes, school/college buildings, etc.  Mortgage of site and building to be constructed thereon shall be taken as security.  Repayment of loan is within 10 years, including the gestation period allowed


PERSONAL BANKING LOANS

These loans can be considered to salaried class up to 15 months gross salary subject to 60% cut back norms.  Repayable in 60 EMIs.  All employees in Govt., Quasi Govt., Local Bodies, Govt. Aided Bodies, etc., who are drawing their salaries through our branches are eligible to avail these loans.


ADVANCES TO REAL ESTATE SECTOR

Loans granted for the purpose of acqusition of land, site, plot and/or construction of dwelling apartments or office space with an intention to generate income by selling the same and clearing the loan out of such sale proceeds may be classified as Real Estate Advances as follows:

  1. Advances to Buildings.
  2. Advances to property developers.
  3. Advances for construction of housing/office/commercial complexes, shops, flats, dwelling units/houses for the purpose of resale.
  4. Advances to this sector shall not exceed 4% of the gross credit of the Bank.
  5. Prior clearance shall be obtained from the sanctioning authority to entertain proposals under real estate sector since the Bank has to exercise caution in view of the high risk involved and restrictions communicated by RBI.

Minimum criteria for considering Real Estate loan proposals:

  1. Loans to be project specific and the loan should invariably co-terminate with project compleltion and sale proceeds should clear the loan in full settlement.
  2. The borrower should already have been in this line of business with necessary proof of having executed such projects in the past preference shall be given to applicants who are existing clients of the Bank.  New clients should be entertained on a very selective basis on merits.
  3. Value of the security both primary and collateral offered shall not be less than 200% of the limits sought.
  4. The margin should be 50% of the project.
  5. The average debt/equity ratio over the least 3 years should not have been more than 2:1.
  6. The average solvency ratio over the last 3 years should not have been more than 4:1.
  7. The repayment shall not exceed 35 months period.
  8. The prudential exposure limit shall not exceed two times the tangible net worth of the borrower.
  9. The end utilisation should be ensured that the bank credit is used for production development/construction activity and not for activity connected with speculation in real estate.

Take-over of accounts in this category is not permitted


TERM LOANS

Loans which are repayable in not less than 36 months period are referred as Term Loans.  There is need to increase lending under term loan category of our Bank both under Farm Sector and Non-Farm Sector.  Concerted efforts have to be made to increase the advances under this category of loans and this alone will help to increase the outstanding advances and to sustain the growth rate and profitability


REPHASEMENT OF TERM LOANS

Rephasement of term loans may be considered by the respective sanctioning authorities on merits, after getting permission from the next higher authority, taking into account factors such as delay in implementation of project, delay in commencement of production and other genuine difficulties faced by the borrower.


BANK GUARANTEES

Only financial guarantees can be issued.  These are guarantees which are given in lieu of purely monetary obligation.  No guarantee should have a maturity of more than 10 years.  Guarantee may be fully secured or partly secured.  Guarantees may be issued with a minimum cash margin of 25% depending upon the merits of the proposal.  The remaining 75% may be in the form of security of movable/immovable properties.

Guarantee commission is Rs.300/- + 3% p.a., on the guarantee amount + Service Tax.  For calculation of commission, part of year shall be taken as full year.  If the guarantee is with 100% cash margin, Rs.300/- + ¼ of 3% p.a. of the guarantee amount + Service Tax


SOLVENCY CERTIFICATE

Solvency Certificate can be issued to the customers having satisfactory dealings with the Bank for the last 6 months.  Solvency of an individual is concerned with his ability to meet all the outside liabilities.  If tangible net worth of an individual is a positive amount, it shows that the individual can meet all his outside liabilities out of his total tangible assets.  Solvency Certificate should be issued only to the extent of tangible net worth of individuals.


PRAGATHI SRTO

This scheme is introduced to meet the financial requirements for purchase of power driven vehicles i.e., Auto Rickshaws, Van, Boat, Lorry, Truck, Cabstar, Cars, etc.  An individual or an association of not more than 6 persons propose to own and operate by himself or themselves as the case may be are eligible for the loan.  Finance is restricted to 75% of the cost.  Security for the loan upto Rs.5.00 lakh is by hypothecation of vehicle to be purchased and for the loan amount above Rs.5.00 lakh requiring mortgage of immovable property worth 100% of loan amount apart from hypothecation of vehicle purchased.  Repayment period is 3 to 5 years


SCHEME FOR SANCTION OF LOANS UNDER CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)

 The Bank has joined as Member lending institution with Credit Guarantee Scheme of Credit Guarantee Fund Trust for Micro and Small Enterprises and the scheme is implemented with effect from 15.04.2008.

The Credit Guarantee Fund Trust for Micro & Small Enterprises as defined under MSMED Act 2006 (Both manufacturing and service sector excluding Retail Trade) can be covered under the scheme.  Eligible credit facility under the scheme is Rs.50.00 lakh per borrower.  The Guarantee and service fee shall be passed on to the borrower.


PRIME MINSTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

The GoI introduced a new scheme called ‘PMEGP’ by merging REGP (KVIC) and PMRY schemes.  The scheme will be implemented by KVIC at national level and by KVIB at state level, District Industries Centre and Bank.

The main objective of the scheme is to generate employment opportunities in rural and urban areas of the country and to increase wage earning capacity of artisans.  The maximum cost of project under manufacturing sector is Rs.25.00 lakh and the maximum cost of project under Business/Service sector is Rs.10.00 lakh.  The rate of subsidy under general category is 15% in urban areas and 25% in rural areas in project cost.  Under special category like SC/ST/OBC/Minorities/Women/Physically challenged the subsidy in the project cost will be 25% in urban areas and 35% in rural areas.

The individual above 18 years of age is eligible and there will be no income ceiling for assistance for setting up projects.  However, for setting up projects costing above Rs.10.00 lakh in manufacturing sector and above Rs.5.00 lakh in the Business/Service Sector, the beneficiary should possess atleast VIII standard pass educational qualification.  The repayment schedule is ranging between 3 to 7 years.


CLCSS – Credit Linked Capital Subsidy Scheme for upgradation of Small and Micro Enterprises

The scheme aims to facilitate technology upgradation of Small and Micro Enterprises units, by providing 15% capital subsidy for induction of well established and improved technologies.  The operation of the scheme is extended from X plan to XI plan (i.e. 2007-12).  Sole proprietorship, Partnership, Co-operative Societies, Private and Public Limited Companies in SSI sector are eligible borrowers.  Capital subsidy under the scheme shall be available for such projects, where term loan have been sanctioned by eligible PLIs, on or after 4th December 2002.  Small Industries Development Bank of India (SIDBI) and NABARD will act as the Nodal Agencies.

Promoters contribution, security, debt-equity ratio, upfront fee will be deferred as per existing norms.  Unit availing subsidy under CLCSS shall not avail any other subsidy for technology upgradation from Central/State./UT Government.  The scheme will be monitored by Govering and Technology Approved Board (GTAB)


Brief report on SHGs – Micro finance activities of the Bank

The SHG linkage programme, being one of the important programme implemented by the Bank as poverty alleviation programme besides as an effective tool for women empowerment in its area of operation i.e., Anantapur, Kurnool, Kadapa, Nellore and Prakasam districts.  It has opened 112018 Self Help Group accounts till the end of June 2012.  As such 1211952 SHG wommen are with the Bank.

The Bank, which has started SHG linkage programme with 36 groups with an out lay of Rs.7.66 lakh, reached to a level of linking 310089 groups with financial out lay of Rs.329523 lakh as at the end of June 2012.

As on date, the Bank occupies No.1 position among 5 RRBs sponsored by Syndicate Bank in implementing the SHG linkage Programme.

The Bank is actively involved in the capacity building programme for the SHG women and has taken initiative in identifying the unemployed youth both men and women for skill upgradation training programmes at Syndicate Institute of Rural Entrpreneurship Development (SIRD), Kadapa and Kurnool, Rural Development and Self Employment Training Institutes (RUDSETI), Anantapur and Vetapalem.

Besides the above, to improve the capacity of the SHGs/SHG women, unemployed youth who have taken up different income generating activities, the Bank has made fforts for imparting skill upgradation training programmes through the Micro Enterprise Development Programmes (MEDPs) & Rural Entrepreneurship Development Programmes (REDPs) of NABARD.

Bank has organised exposure visits to the SHG women to different places to create awareness with regard to marketing, packing etc.

Bank is observing 8th March of every year as International Women’s Day.

Bank has taken special efforts for income generating activities to SHGs through special schemes like; Special Project-Dairy Development in Kadapa District.

SHG Bank linkage programme – Disbursement and outstanding as on 30.06.2012.

 

No. of SHG SB Accounts

Disbursement

(From 01.04.2012 to 30.06.2012)

SHG loans outstanding

No. of A/cs

Amount

(Amount in Lakhs)

No. of A/cs

Amount

(Amount in Lakhs)

112018

7387

18013

115424

113060


Farmers’ Clubs

The Bank is actively involved in the formation of Farmers’ Clubs to bring the Rural Banker and the borrower closer and to provide a medium for assessing and disseminating modern methods of farming and technological achievements in agriculture to village level.  The Bank has so far organized 346 Farmers’ Clubs, out of which 50 are Women Clubs as on 30.06.2012.

To keep the Clubs active and make the farming community and the villagers as partners in the village development and in the business development, the Bank has conducted Leadership Development programmes in its area of operation of 5 districts.

The Bank, through Farmers’ clubs conducted extention activities covering rural development activities, Expert Lectures, Field visits, International Women’s Day celebrations/Legal literacy programme useful to women and sensitized general public and farmers on various financial services and schemes of the Bank etc.


FARMERS’ CLUBS – RECOGNITION BY NABARD – STATE LEVEL AWARD

The Bank’s Women Farmers’ Club i.e., Subhodaya VVV Mahila Club in activie association with our Udayagiri branch of Nellore Region has conducted many No. of activities for capacity building of women in the village and for village development.  The excellen performance of Subhodaya VVV Mahila Club has been recognized by NABARD and the club has been selected for second position of the best performing clubs in the State of Andhra Pradesh and received cash award of Rs.3000/- and momento, appreciation certificate on 04.02.2011 from NABARD.


Scheme for Development/Strengthening of Agricultural Marketing Infrastructre, Grading and Standardization

Highlights:

  1. Reform Linked Investment Scheme: To encourage rapid development of instrastructure projects in agriculture and allied sectors including dairy, meat, fisheries and minor forest produce.
  2. Investment Subsidy: 25% of the capital cost upto Rs.50.00 lakh on each project providing ‘Direct’ service delivery to producers/farming community in Post Harvest Management/Marketing of their produce.  In case of SC/ST entrepreneur and their co-operatives investment subsidy shall be 33.33% of the capital cost upto Rs.60.00 lakh.
  3. Promoters’ contribution in project cost to be decided by Bank with minimum bank loan of 50% in general cases and 46.67% in hilly areas.

Illustrative list of infrastructure projects:

  1. Market use common facilities like market yards, platforms for loading, assembling and auctioning of the produce, weighing and mechanical handling equipments, etc.
  2. Functional Infrastructure for assembling, grading, standardization and quality certification, lebeling, packaging, value addition facilities (without changing the product form).
  3. Infrastructure for Marketing from producers to consumers/processing units/bulk buyers, etc.
  4. Infrastructure for E-trading, market extension and market extension and market oriented production planning.
  5. Mobile infrastructure for post harvest operations viz., grading, packaging, quality testing etc. (excluding transport equipment).
  6. Reefer vans or any other refrigerated vans used for transporting agricultural produce, which are essential for maintaining cold supply chains.

Eligibility:

The assistance will be available to Individuals, Group of farmers/Growers/Consumers, Partnership/Proprietary firms, Non-Government Organizations (NGOs), Self Help Groups (SHGs), Companies, Corporations, Cooperatives, Cooperative Marketing Federations, Local Bodies, Agricultural Produce Market Committees & Marketing Boards in the entire country.

Repayment period will be upto 11 years including grace period of two years.


Implementation of agricultural Debt Waiver & Debt Recovery – 2008

Agricultural Debt Waiver and Debt Relief Scheme – 2008:

In line with Government guidelines the Bank has identified eligible farmers under Agricultural Debt Waiver and Debt Relief Scheme 2008 and extended the benefit of Debt Waiver to all the eligible farmers.  The details are as follows.

ANNEXURE II – DEBT WAIVER:

S.No.

Particulars

A/cs

Amount

(Amt. in Rupees)

1.

Crop Loans

111003

255,66,65,861

2.

Investment Credit (Direct Agri)

2747

2,99,44,764

3.

Investment Credit (Allied)

8462

6,97,33,432

 

Total

122212

265,63,44,057

 ANNEXURE III – DEBT RELIEF:

S.No.

Particulars

A/cs

Amount

(Amount in Rupees)

1.

Crop Loans

49161

96,58,52,892

2.

Investment Credit (Direct Agri)

1521

2,08,42,481

3.

Investment Credit (Allied)

307

52,67,835

 

Total

50989

99,19,63,208


APFSCS – ANDHRA PRAGATHI FARMERS’ SERVICE COOPERATIVE SOCIETIES

The Bank has sponsored 8 societies, four in Kadapa and four in Kurnool districts.  Four societies i.e., Devuni Kadapa, Tallaproddatur, Thimmasamudram and Lingapuram in Kadapa district and Harivanam, Pamulapadu, Yerraguntla and Ramadurgam in Kurnool district.

The various parameters of the 8 societies as on 30.06.2012 are furnished here under:

S.No.

Particulars

Amount (in lakh)

1

Share Capital

421.68

2

Deposits

3169.88

3

Demand Deposits

603.41

4

Advances

6503.85

5

Total business

10095.41

6

Disbursements

2535.52

7

Income

239.51

8

Expenditure

65.62

9

Profit

173.89

10

Per employee productivity

297.40