Pragathi KCC: The Kisan Credit Card has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. Main features of the scheme are (a) Meeting the short term credit requirements for cultivation of crops (b) Post Harvest expenses (c) Produce Marketing Loan (d) Consumption requirements of farmer household (e) Working Capital requirement for maintenance of farm assets and activities allied to agriculture, dairy animals, inland fisheries etc.

KCC (AH&F): The Government of India has been providing the Interest Subvention @2% p.a. on the loans arranged to the farmers under Pragathi Kisan Credit Cards / Crop Loans upto Rs.3.00 lakhs provided the loans are arranged @7% p.a. rate of interest. 

Pragathi Produce Loan Scheme: The scheme is introduced to protect the interest of the farmers,  who are  the Bank’s  major clientele, by financing against the pledge of Warehouse Receipts (in respect of produce stored by the farmers) issued by Central and State Warehouses and private godowns having collateral management agreement services approved by bank

Rythu Mitra Groups (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 on savings to loan ratio up to 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.

Joint Liability Groups (JLGs): It is an informal group comprising 4 – 10 members. The JLG is primarily a credit group and savings by the JLG members is voluntary. The members of JLGs can avail loan either singly or through group mechanism. Group shall comprise members of similar socio-economic status and background and carrying out farm related activities, who agree to function as JLG. The farmers joining the group should cultivate the lands in the same village or in a contiguous area known to each other well and has interest and mutual trust to continue as group members.

Financing Tenant Farmers (CCRC): Govt. of AP brought new act viz., Andhra Pradesh Crop Cultivator Right Act 2019 during Aug 2019. Under that act Crop Cultivator Rights Cards (CCRC) will be issued with the mutual agreement of land owner and cultivator for the period of 11 months, which entitles the tenant farmer to avail bank finance

Investment Credit: Term Finance to borrowers engaged in allied activities like Dairy Farming (Pala Dhara) (Mini Dairy units), Sheep Rearing, Heifer Calf Rearing, Ram lamb Rearing, Pragathi Farm Mechanization, Minor Irrigation  including  Sprinkler  and  Drip Irrigation, Floriculture, Horticulture and Orchards, Bio-Diesel, Land  Purchase Scheme, Agri. Business & Agri. Clinics, Pragathi Jaladhara, Sericulture, Fisheries, Rural Godowns, Bio-Gas, Organic Farming, Vermiculture and Vermi composting, Poly houses, Cold Storage, Milk Chilling Centers, etc.

Self Help Groups (SHGs): 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. All the eligible groups, with membership ranging from 10-20, shall be considered for financial assistance adequately in the form of Cash Credit / Overdraft facility basing on the corpus and Micro Credit Plans.

Gold Loans: Loan amount upto 75% of the Market value/Appraised value of the Gold Pledged subject to a maximum of Rs.30 lakhs per borrower. Varying repayment period between 6 months to 18 Months. Jewel OD limit upto Rs.10.00 lakhs valid for a period of 3 years.  Competitive Rate of Interest.

Micro, Small and Medium (MSME): Advances to SSI, SRTO, Retail Trade, Small Business and Professional & Self- Employed Persons are redefined as Micro and Small Enterprises covering manufacturing, processing/ preservation of goods and service activities. A facility for coverage of eligible loans upto Rs.50.00 lakhs under CGTMSE guarantee cover is available.

Pragathi Trade Overdraft: Customers who are dealing in trade, business, small scale industries, contractors, registered commission agents are eligible to avail Pragathi Trade Overdraft. This facility can be provided for working capital needs of the Business enterprises. Need based finance upto Rs.500 lakhs.

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. Finance upto 85% of cost of the vehicle. CGTMSE guarantee cover is available for loans upto Rs.10.00 lakhs

Pragathi Show Room Furnishing / Shop Renovation Scheme: The scheme aims at catering to the needs of Traders/ Shop keepers/ Show room owners who are going to renovate the existing shop or for furnishing of their proposed new shop. There is ample scope to finance new customer under this scheme to improve credit growth.

Prime Minister’s Employment Generation Programme (PMEGP): The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.

The maximum cost of the project/unit admissible in manufacturing sector is Rs.25 lakhs and in the business/service sector, it is Rs.10 lakhs. Eligible subsidy under PMEGP (of project cost) for General category 15%(Urban), 25%(Rural), Special category like SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, etc. is 25%(Urban), 35%(Rural) The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. The repayment schedule is ranging between 3 to 7 years.

Pradhan Mantri Mudra Yojana (PMMY): The finance under PMMY segment mainly consists of Non-farm Enterprises in Manufacturing, Trading and Services, whose credit needs are below Rs.10.00 Lakh. Loans given to this segment for income generation will be known as “MUDRA” loans under the Pradhan Mantri MUDRA Yojana (PMMY) and branded accordingly.

Pragathi Swagruha Loan: Maximum loan upto Rs.150.00 lakhs. Margin varies between 10-25% on the cost of construction/Purchase of the House. Security is mortgage of the site and building to be constructed thereon. Flexible repayment period upto 70/75 years of age of the applicant. For repairs/renovations also, we will consider loans upto Rs.6.00 lakhs.

Pragathi Swagruha Plus: A hassle free top up loan to existing Housing Loan customers with regular repayment record. Loan amount upto Rs.5.00 lakhs with repayment period upto 84 Months.

Pragathi Conveyance Loan: For Purchase of Brand New vehicle (2 & 4 wheelers) for personal use. Maximum finance for purchase of 4 wheeler is Rs.15.00 lakhs with a flexible repayment period upto 84 Months. 85/90% of the on road finance of the vehicle.

Pragathi Vidya Loan: Adopts IBA Model education loan scheme. Financial assistance for study in India and Abroad. Need based finance upto Rs.30.00 lakhs.

Pragathi Multi Purpose Mortgage Loan: To provide financial assistance for any genuine business / personal credit requirements the loan under PMPML scheme on Residential/Commercial Property. Loan assistance upto Rs.100.00 lakhs with a repayment period upto 7 years.

Personal Banking Loan: Personal loans to 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. Maximum loan of 15 times the Gross salary subject to cutback norms. Repayment upto 5 years.

Rent Plus: A retail credit scheme against the rent receivables to deliver the  credit  to  such  categories of clientele who are getting assured rental income from the registered lease deeds executed with reputed Corporates with a minimum lease period of 36 months and maximum period not exceeding 120 months of rent receivable to be financed. The maximum amount that can be sanctioned is 120 months rent receivable.

Agriculture Infrastructure fund-The scheme shall provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.

Mission for Integrated Development of Horticulture (MIDH) a Centrally Sponsored Scheme for the holistic growth of the horticulture sector covering fruits, vegetables, root & tuber crops, mushrooms, spices, flowers, aromatic plants, coconut, cashew, cocoa and bamboo.

Agri clinic and Agri Business Centres (ACABC) Scheme which aims to promote the establishment of Agri-Clinics and Agri-Business Centres (ACABC) all over the country. Agri-Clinics are envisaged to provide expert advice and services to farmers on various aspects to enhance productivity of crops/animals and increase the incomes of farmers.

New Agricultural Marketing Infrastructure (AMI) sub- scheme of Integrated Scheme for Agricultural Marketing (ISAM) being implemented by Government of India to develop marketing infrastructure to effectively handle and manage marketable surpluses of agricultural and allied produce. Further to promote innovative and latest technologies in post-harvest and agricultural marketing infrastructure through alternative & competitive marketing channels for agricultural and allied produce through incentivizing private and cooperative sectors to make investments there for and to benefit the farmers individually and collectively through FPOs from farm level processing and marketing of processed produce along with promotion of small size processing units.

New Centrally Sponsored Scheme “Scheme for Formalization of Micro food processing Enterprises (FME)”, an all India Scheme to modernize and enhance the competitiveness of the existing individual micro enterprises and with the key objectives to Increase access to finance,  Increase in revenues of target enterprises, Enhanced compliance with food quality and safety standard, Strengthening capacities of support systems, Special focus on Women entrepreneurs and Aspirational Districts, Encourage Waste to Wealth activities and Focus on minor forest produce in Tribal Districts and Transition from the unorganized sector to the formal sector.

Special Refinance Scheme in Watershed /Wadi project areas - A concessional refinance scheme of NABARD under Automatic Refinance Facility to enable banks to obtain financial accommodation for their finance to additional economic activities covering primary, secondary and tertiary sectors in watershed and micro food processing activities in wadi project areas and to deepen institutional credit to beneficiaries in these project areas.

Special Refinance Scheme for Financing Water Sanitation and Hygiene Activities (WASH) - A concessional refinance scheme of NABARD under Automatic Refinance Facility to enable banks to obtain financial accommodation for their finance to WASH activities such as construction of toilets / twin-pit toilets, converting toilet to toilet-cum-bathroom with piped water connection, construction of overhead water tanks, additional bathroom-cum-toilet, installing piped water connection, retrofitting and up gradation of dysfunctional toilets, etc.

Financing of Farmers Producers Organization (FPO) promoted under Government of India scheme or promotion of 10,000 FPOs across the country as well as other FPOs promoted by NABARD  in the State of Andhra Pradesh wherein the Formation and promotion of FPOs is based on “produce clusters” approach and whereas under the scheme grant assistance towards Management and Incubation will be provided for 5 years from the year of formation and  the Eligible lending institutions can avail Credit Guarantee cover.

Product Features of  Pragathi Rooftop Solar (PRTS) – PM Surya Ghar Yojana (PMSGY)