Leveraging on a firm national footprint with around 350 operational branches crosswise India, Yes Bank takes a step ahead to provide comprehensive financial solutions for MSMEs involved in the Agri and Food business. Different loan & finance plans offered under this array are:
Agri Joint Liability Group
In order to render banking solutions to the bottom of the pyramid i.e. people living in the rural, semi-urban, and urban India, Yes Bank offers the Agri Joint Liability Group facility. Aimed to provide loans for income generation and social development, this scheme permits the term loan facility for individual members of a joint liability group.
Features
- Yes Bank renders direct financing in strict collaboration with other institutions like NBFC microfinance institutions to the most financially excluded segments.
- To date, this scheme has already covered 60 commodities crosswise PAN India.
- Loans under this scheme are approved within 1 day for amount stretching up to Rs 2,00,00,000
- Users can avail of the credit facility for a tenure ranging up to 11 months depending on the shelf-life of the commodity.
- Prompt turnaround time
- Best-suited for agri-intermediaries and processors who own agriculture commodities
- Supports farmers in neutralizing the seasonality in commodity prices
- Appealing rate of interest
- Swifter loan processing and disbursement with least documentation
- Ensures better income for farmers
Krishak SAHYOGI – Yes Bank
The Krishak Sahyogi scheme provided by Yes Bank is meant to offer comprehensive financing solutions for Arthias Commission agents and traders dealing in Agri commodity along with Agri input dealers and sellers of Fertilizers, Pesticides, seeds, cattle feed, poultry feed, and agricultural equipment. The minimum loan amount for this scheme is Rs 20,00,000 while the upper cap goes up to Rs 5,00,00,000. Highlights
- Fund-based cash/credit facility
- FD/Surrender value of LIC/NSC/IVP/RBI relief bonds are acknowledged
- Exclusive charge on stock and book debt through hypothecation
Small Agricultural Enterprises Loan
Individuals and business units that are involved in manufacturing, trading, and commission agents, can avail of the Small Agri Enterprises Loan facility. Agri processors who avail of this MSME loan facility can also leverage the peak and Non-peak facility. If users who are eligible for this loan scheme want to raise funds for plantation and horticulture crops they can stretch the tenure for the same up to 10 years.
Highlights
- For fund-based requirement, facilities like an overdraft, working capital demand, short-term loan, cash/credit, and term loan are available
- In addition, Drop Line Overdraft, Export Credit, non-fund based LC (letters of credit), Buyer’s Credit and Bank guarantees are also available
- Through the hypothecation facility, users can avail of exclusive charge on the current asset (stock and book debt).
- Quarterly submissions of stock statements
Commodity Finance Against Agricultural Commodities
Farmers, agri-intermediaries, and food processors who own agricultural commodities can avail of this loan facility offered by Yes Bank. Users have the leverage to tailor-made the loan product as per their repayment capacity and requirements. This loan is typically provided for buying commercial vehicles & refinance products for working capital needs. Yes Bank, through the Commodity Finance scheme, aims to strengthen the farmers’ holding capacity by rendering the credit facility.
Features of Commodity Finance Against Agricultural Commodities
- Prompt loan sanction process (for cases of up to Rs 2,00,00,000, a sanction is given in 1 day).
- Subtle assessment.
- Quick turnaround time.
- The credit facility is given for a time-frame up to 11 months depending on the durability of the commodity.
- Swift customer support.
- Farmers can receive a maximum loan amount of up to Rs 50,00,000 depending upon their financial stability and creditworthiness.
- Users have to pledge Agri commodities to Yes Bank if they wish to avail of the loan facility.
