AB Mahila Jyothi (Self Help Group model for community "Managed Sustainable Agriculture) |
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The scheme envisages to intend finance to SHGs in community Managed Sustainable Agriculture at villages in the state of Andhra Pradesh.
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Coverage |
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All existing, eligible SHGs in Community Managed Sustainable Agriculture villages spread over 304 mandals of A.P shall be covered. New SHGs not linked so far will also be covered after 6 months of regular savings.
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Eligibility Criteria |
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Only "A" rated groups as per Critical Rating Index to be financed. Loan limit as per Micro Credit Plan (MCP). Micro credit Plan comprises of the following components:
- Crop production: Lease amount and working capital requirement of Tenant farmer members
- Working capital for owner farmer members.
- Term Loan for Land development: includes investment for Land development i.e. land leveling, bunding, drilling of bore wells, digging or de-silting of wells, laying / extension of pipe lines etc.
- Term Loan for Livestock / Dairy: Finance to be extended for purchase of milch cattle, sheep and other livestock.
- Debt swapping: Debt swapping requirement i.e. for repayment of loans of their members taken from non-institutional lenders (private money lenders) / other Banks subject to 40% of MCP (or) to the extent of debt , whichever is lower
- Consumption: Health, education, marriage, consumption and other social needs can be financed under this component subject to maximum of 10% of the investment credit (i, ii, iii & iv components).
Aggregate Limits for 1st and 2nd Dosages should not exceed Rs.5.00 Lakhs (Rupees Five Lakhs only). From third Dosage onwards, aggregate limits should not exceed Rs.10.00Lakhs (Rupees Ten Lakhs only). |
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Role of SERP |
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- MOU with SERP / Tripartite agreement with the group, SERP and Branch to be executed.
- Formation and Identification of groups.
- Training to SHG members
- To provide agri-extension services for community Managed sustainable agriculture.
- Convergence of Community Managed sustainable agriculture and NREGA for taking up water harvesting and soil conservation works on farm land.
- IT Support by SERP :
- Laptops will be provided to village book keepers in all the CMSA villages by SERP.
- Books of accounts of all SHGs will be maintained electronically in CMSA villages.
- Crop monitoring through the use of IT.
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Repayment schedule : (Applicable to the present scheme only) |
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- For 1st and 2nd Dosages, Loan is repayable in 60 monthly instalments with a gestation of 6 months. Interest to be repaid as and when debited to the account.(Max. Limit Rs.5.00 Lakhs)
- For 3rd dosage onwards, loan is to be repaid in 96 monthly instalments with a gestation of 6 months. Interest to be repaid as and when debited to the account.
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Security : Primary |
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Hypothecation of present and future standing crops along with other assets created out of our Bank Loan.
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Collateral : (Applicable to the present scheme only) |
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First & Second Doses of Finance: Collateral Security need not be insisted up to Rs.5.00 Lakhs per group.
From Third Dose onwards: Collateral need not be insisted upto Rs.10.00 Lakhs per group for SHGs with good repayment track record.
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