Grameena Banker

Telangana Grameena Bank is a regional rural bank that operates in the Indian state of Telangana. It was established with the amalgamation of four rural banks in 2015. The bank aims to promote financial inclusion and uplift the rural economy by providing banking services and credit facilities to farmers, agriculturists, and rural communities. Telangana Grameena Bank plays a vital role in supporting agriculture and rural development initiatives, contributing to the overall economic growth and prosperity of the state.

Types of agriculture loans:
Crop loans, Tractor loan, Small agri-business loan, Horticulture loan, Allied activities

Loan details:
Small agri-business loan
Overview: Our Bank offers Working Capital Solutions for Agri Traders, Arathiyas, Food processing firms, Agri Exporters etc., which is a tailor made product to suit their business requirement and providing them with the credit with anytime, anywhere banking.
Features: 1. Secured Loans depending upon your needs and eligibility.
2.Facility Type – Working capital (Both Fund & Non Fund Based – Cash Credit, Overdraft (ODAP), Term Loan, Working Capital Demand Loan, EPC, Bank Guarantee & Letter of credit, etc.)
Target market/customer: Arathiyas / Commission Agents of Agri Commodities, Fertilizer Dealers, Pesticide Dealers / Distributors / Large Traders dealing in Agri Commodities.

Benefits:
1. Faster loan – Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
2. Competitive pricing – Our loan rates and charges are very attractive.

Eligibility:
Business vintage : 5 Years (min 3 years at the same location)
Tangible net-worth & profit after tax: Positive for at least 2 out of 3 financial years

Account behavior : This will be judged basis cheque returns, over-drawings.

Documents required:
1. Application form &KYC Documents
2. Property & Income Related Documents
3. Bank Statement for latest last 6 months.
4. Stock & Receivables statement.

Interest Rate, Charges & Fees:

Processing fee: Minimum of 1% of the limit amount sanctioned plus applicable taxes
Renewal fee: Renewal cases with enhancement – Minimum of 0.50% of the limit amount renewed and minimum of 1% of the enhanced amount
Additional Interest: Charged @ 18.00% p.a. for Overdue / delay / default of any monies payable

Terms and conditions:
1. I agree to abide by the Bank’s Terms and Conditions and rules in force and the changes thereto in Terms and Conditions from time to time relating to my account as communicated and made available on the Bank’s website.
2. I agree that the opening and maintenance of the account is subject to rules and regulations introduced or amended from time to time by the Reserve Bank of India.

Repayment: Repayable in maximum 5 years in half-yearly Principal Equated Instalments with Interest.

Security:
Up to Rs.1.60 Lakh Primary: Hypothecation of Power Tiller accessories and implements purchased out of Bank finance. Collateral: Nil.
Loans above Rs.1.60 lakh: Primary: Hypothecation of Power Tiller and accessories. Collateral: Mortgage of land /Gold Ornaments/Any Other approved liquid security or Third-Party Guarantee.

Duration: 5 years

Location