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In the ever changing world, change is the only unchanging facet.
Agriculture in India, too, has been seeing its fair share of changes over the last few decades — from the time of Green Revolution of the ‘60s. Agriculture is now more than growing crops and rearing livestock.
Indian agriculture transforming into a commercially viable occupation. Intensive farming, considering small holdings, and corporatisation and contract farming are turning the face of Indian agriculture.
Agriculture in India, too, has been seeing its fair share of changes over the last few decades — from the time of Green Revolution of the ‘60s. Agriculture is now more than growing crops and rearing livestock.
Indian agriculture transforming into a commercially viable occupation. Intensive farming, considering small holdings, and corporatisation and contract farming are turning the face of Indian agriculture.
Dedicated line
Canara Bank has a dedicated line for disbursal of credit to high-value and capital-intensive agri-business projects, projects that involve high-end technology and provide value addition. This consists of setting up specialised hi-tech agriculture finance branches, manned by experienced personnel that is also qualified in agriculture sciences.
The bank has 10 specialised agriculture branches across the country at various centres which are some of the biggest potential clusters of agri-business like floriculture, poultry, etc. These are at Bangalore, Chennai, Coimbatore, Hyderabad, Kolkata, Pune, Bijapur, Karnal, Jalandhar and Kottayam.
The projects that are financed include seed production and floriculture under controlled conditions (green house technology), poultry breeding and hatcheries in controlled atmosphere, high-end cold chains and storage logistics, and other value-addition projects such as vegetable cultivation, processing and export.
Facilities extended are term loans for setting up the project or for capital, short-term production credit to help contract farming, working capital for running the facility, inventory limit against stocks/consumables, packing credit for procurement and post-sales-bills limit for domestic and export market.
These credit delivery modules complement about 2,029 rural and semi-urban branches. Canara Bank’s role is critical as the value chain and post-harvest infrastructure significantly reduce post-harvest losses (which is about 20-25 per cent in case of grains and about 35 per cent in case of perishables such as fruits and vegetables), ensuring food security.
The credit delivery modules through specialised agriculture finance branches are backed up by agriculture consultancy services. The consultants conduct extensive survey/field visits to assess the feasibility of various projects, including under sunrise sectors, provide detailed project reports to the clients, including from corporate sector, and extend support by assisting in implementation of the projects too.
The bank has 10 specialised agriculture branches across the country at various centres which are some of the biggest potential clusters of agri-business like floriculture, poultry, etc. These are at Bangalore, Chennai, Coimbatore, Hyderabad, Kolkata, Pune, Bijapur, Karnal, Jalandhar and Kottayam.
The projects that are financed include seed production and floriculture under controlled conditions (green house technology), poultry breeding and hatcheries in controlled atmosphere, high-end cold chains and storage logistics, and other value-addition projects such as vegetable cultivation, processing and export.
Facilities extended are term loans for setting up the project or for capital, short-term production credit to help contract farming, working capital for running the facility, inventory limit against stocks/consumables, packing credit for procurement and post-sales-bills limit for domestic and export market.
These credit delivery modules complement about 2,029 rural and semi-urban branches. Canara Bank’s role is critical as the value chain and post-harvest infrastructure significantly reduce post-harvest losses (which is about 20-25 per cent in case of grains and about 35 per cent in case of perishables such as fruits and vegetables), ensuring food security.
The credit delivery modules through specialised agriculture finance branches are backed up by agriculture consultancy services. The consultants conduct extensive survey/field visits to assess the feasibility of various projects, including under sunrise sectors, provide detailed project reports to the clients, including from corporate sector, and extend support by assisting in implementation of the projects too.
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