Andhra Bank
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FAQ Term Credit
AB Kisan Rakshak
  What is meant by Kisan Rakshak

It is the facility available to the farmers to avail credit for repaying outside debts.
       2.Is it necessary to produce proof of debt for availing credit under Kisan Rakshak?

 Yes, the farmer should submit proof of debt to the branch and loan amount is released directly by way of cheque/DD/Pay order. Discharged pronote is to be submitted to the branch.

  AB Kisan Vivek

  1. Mere possession of certificate from MANAGE qualifies for Bank loan without submitting the project report?
  The applicant should submit project report and bank sanction will be accorded based on economic viability and technical feasibility

Tractor Finance

  Kisan Bandhu

Can farmer can approach the finance for a tractor alone?

Tractor along with three implements including trailor is considered as economic unit. Purchase of tractor alone is not viable unless other implements are already owned by him.

  AB Kisan Chakra

Is driving license is compulsory for obtaining finance under the scheme


  Rural Godowns

Is there any restriction on the capacity of the godown to be financed?

No, there is no such stipulation on the capacity of the godown
  Self Help Groups

Can the group share the bank loan equally among themselves?

No, the group should lend to few members among the group depending upon their requirements. Bank loan cannot be divided equally among the members.

  AB Surya Sakthi

Can the borrower purchase the solar systems from any dealer?

Dealer/Supplier should be approved by the Ministry.  Updated list of suppliers and manufactures can be had from website of Ministry of Non conventional Energy system

  Land purchase of scheme

Are the Big farmers eligible to get finance under the scheme?

No, Small farmers, marginal farmers, share croppers and tenant farmers are eligible under the scheme.

  Dairy Agent Scheme

If the tie up arrangements are not provided by milk processing unit, how the dairy agent will get finance under the scheme.

Dairy agent can obtain finance against collateral security coverage of minimum 100% of the loan.  The milk proceeds must be routed through the savings accounts of the borrower with the financing branch