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A PROJECT REPORT ON AGRICULUTURE FINANACE AN INDUSTRIAL TRAINING PROJECT REPORT AT BANK OF MAHARASHTRA Submitted by NIDHI GUPTA JV-B/10/1537 BBA IN BRANCH OF STUDY MANGEMENT UNDER PROFESSIONAL DEVELOPMENT ACTIVITY (PDA) JAYOTI VIDYAPEETH WOMEN’S UNIVERSITY JAIPUR 12/ 12 /2012 – 30/12/2012 ACKNOWLEDGEMENT It is my pleasure to be indebted to various people, who directly or indirectly contributed in the development of this work and who influenced my thinking, behavior, and acts during the course of study.

I express my sincere gratitude to …………… (Director, Company/Industry) for providing me an opportunity to undergo Industrial Training at …BOM………………….

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. I am thankful to ………………. (Project Investigator) for her/his support, cooperation, and motivation provided to me, during the training and for continuous inspiration, presence and blessings. I also extend my sincere appreciation to Mr/Ms. ………………………… (Dean, Faculty of…….. ) who provided her/his valuable suggestions and precious time in accomplishing my project report.

Lastly, I would like to thank the almighty and my parents for their moral support and my friends with whom I shared my day-to-day experience and received lots of suggestions that improved my quality of work.

(Name of the student) ………………. Date: Place: …………. Certificate from the Company / Industry (Should be on the Company/Industry’s letterhead) CERTIFICATE (18, bold, underline) This is to certify that Ms. __________has partially completed / completed the Industrial Training in our Organization / Industry during the academic year 2011-2012.

She was trained in the field of _____________________________________________________________ __________. Her overall performance during the period was excellent / Very good / Good / Average / Poor. (16, normal) Industrial Guide (16, bold) Seal Self-assessment of Industrial Training by the student 1. Name of Student:_____________________________________________ 2. Name and address of Company / Industry_________________________ 3. Guide from Industry__________________________________________(with designation)____________________________________________ 4.

Date of commencement _______________________________________ of Industrial Training 5. Number of days present ________________days out of _________days. 6. I hereby declare that, I have learnt following skills during my Industrial Training: Sr. | Description| | | | | | | | | | | | | | | DECLARATION I… ………………. (name of the student), student of ………. ………………. (Course name) studying in …….. …………. (trimester/semester), hereby declare that the Industrial Training report on “……Agriculture Finance……………………………………………….. (Topic) submitted to Jayoti Vidyapeeth Women’s University, Jaipur, in partial fulfillment of degree of …………………………………….. is the original work conducted by me, at …Bank Of Maharashtra, Jaipur………………………………………. (Company Name & Location). The information and data given in the report is authentic to the best of my knowledge. This summer training report is not being submitted to any other place for award of any other degree, diploma and fellowship. (Name of the student) Date: Place: TABLE OF CONTENTS Topic Page No. 1. INTRODUCTION OF THE TOPIC 2.

OBJECTIVES OF STUDY 3. SCOPE AND RATIONALE OF THE TRAINING 4. COMPANY PROFILE (Background, History, Founder, vision, mission, competitors, Organization structure, Products, milestones, achievements, address) 5. TRAINING METHODOLOGY (Type of methodology, training design, sampling design, tools, sample units, hypothesis, data collection methods) 6. STUDY OF “ADGICULUTURE FINANACE” 7. DATA ANALYSIS AND INTERPRETATIONS 8.

RESULTS AND FINDINGS 9. CONCLUSIONS 10. LIMITATIONS OF THE TRAINING 11. SUGGESTIONS AND RECOMMENDATIONS 12. BIBLIOGRAPHY 13. APPENDIX ANNEXURE –I QUESTIONNAIRE ANNEXURE –II ANNUAL REPORTS etc. INTRODUCTON Bank of Maharashtra – offers agriculturists a Mahabank Kisan Credit Card and financial schemes for digging new wells, purchasing harvesters, livestock, vehicles and land. Repayment terms for different agricultural loans range from three to fifteen years

Finance in agriculture is as important as development of technologies. Technical inputs can be purchased and used by farmer only if he has money (funds). But his own money is always inadequate and he needs outside finance or credit Professional money lenders were the only source of credit to agriculture till 1935. They use to charge unduly high rates of interest and follow serious practices while giving loans and recovering them. As a result, farmers were heavily burdened with debts and many of them perpetuated debts.

There were widespread discontents among farmers against these practices and there were instances of riots also Agricultural finance is a subset of rural finance dedicated to financing agricultural related activities such as input supply, production, distribution, wholesale, processing and marketing. Financial service providers face distinct challenges when dealing with this sector. For example, the seasonal nature of production and the dependence on biological processes and natural resources leaves producers subject to events beyond their control such as droughts, floods or diseases.

Land is the most widely accepted asset for use as collateral but there are often problems with title and property rights in rural areas and small loans rarely justify the costs of legal action to call in a claim on land and then liquidate it. Moveable assets such as livestock and equipment are also fairly high risk without proof of ownership and insurance cover. Because developing countries have large rural populations, policy-makers have frequently tried to intervene in agricultural finance with policies to provide subsidised credit through a variety of channels.

Such programmes often created more problems than they solved and there was a move away from supply led credit towards a market based approach relying on commercially viable Financial institutions. Governments are still tempted to control interest rates, however, and intervene in other ways, so policies relating to agricultural finance remain an important issue. OBJECTIVE OF STUDY * To extent my knowledge. * To know about the banking system. * To know about the agriculture finance. * To study various development banks operating in India. * To give glance at the working of development banks. To find out the development banks in Indian financial system. * To check the contribution of development banks in economic growth. SCOPE OF THE STUDY The benefit of the study for the trainer it helped to gain knowledge and experience and also provide the opportunity to study and understand about agriculture finance . The key points of my training are:- * To study the producer of agriculture loan * To study about Kisan credit card and types of Kisan credit card * To suggest any measure /recommendation for the improvement in facility of agriculture finance * Analysis of financial statements for agriculture. Legal considerations in agricultural finance. COMPANY PROFILE ————————————————- ————————————————- ONE FAMILY ONE BANK ————————————————- HISTORY OF BANK OF MAHARASHTRA | Maharashtra has a long history of commercial activity since ages because of its strategic location in Indian sub continent and its large natural resources. Maharashtra has been a progressive region and the Banking activity was also started in this region quite early. Historically speaking, the Bank of Bombay established in 1840 was the first Commercial Bank in Maharashtra.

However, the first commercial bank set up in Maharashtra outside Mumbai was The Poona Bank established in 1889 at Pune followed by The Deccan Bank in 1890 and the Bombay Banking Company in 1898. The Mahratta Chamber of Commerce (MCC) was established in Poona in 1934 and its Founder Secretary Shri A. R. Bhat was a great visionary. Shri Bhat initiated for a comprehensive review of banking services available in the region through the special issue of Kesari news paper released in memory of Lokmanya Tilak within a few months of establishment of MCC.

He ensured that his friend, Shri V. P. Varde, considered as a doyen of co-operative movement, wrote an article on the necessity of a separate bank for Maharashtra, thus launching a public discussion on the subject. While there was no noticeable response to the article of Shri Varde, Shri A R Bhat kept on discussing the subject with leaders in Trade and Industry. Shri Bhat ensured that Mahratta Chamber and its Directors took up the issue and held a Conference on Business and Industry in Poona on behalf of the MCC in February1935.

Shri Bhat pushed the proposal for formation of a bank and succeeded in getting the following resolution adopted by the conference:”For providing capital to the trade and industry in Maharashtra, it is essential to establish a Joint Stock commercial bank. The Mahratta Chamber is, therefore, requested to make all the necessary enquiries in that behalf and take appropriate steps for floating such a bank. The business community in Maharashtra is urged to support such an effort. “The Swadeshi movement of the first decade of the 20th Century gave stimulus to the establishment of a number of commercial banks under Indian Management in Maharashtra.

The MCC formed a sub-committee consisting of Sarvashri V. G. Kale, D. K. Sathe, N. G. Pawar, G. D. Apte and A. R. Bhat to work out the details. The first meeting of the committee was held on 19 May 1935 in the conference room of the Kesari Mahratta office and besides the committee members, prominent personalities from the City like Shri Babasaheb Kamat, the then President of the MCCI, J S. Karandikar, Rajabhau Godbole, Govindrao Pandit, Damuanna Potdar, S. R. Sardesai, Baburao Gokhale,  and  N. N.

Kshirsagar among others participated in deliberations. Another meeting of the subcommittee with wider public representation was followed on 27 May 1935 in the meeting hall of Kesari Mahratta office and decisions on matters like the number of Directors on the Board of the proposed bank (maximum to be 11 members), Amount of each share (to be Rs. 50/-) and primary condition for becoming a Director (to hold a minimum of 500 shares) were taken. The Bank was formally registered under the Indian Companies Act, on the auspicious day of 16 September 1935.

The Memorandum and Articles of the Bank were signed by following 19 promoters (Sarvashri) The first Board of Directors of The Bank of Maharashtra Ltd was constituted with following members. | 1. Prof. V G Kale, an ex-member of Indian Tariff Board and a reputed economist and educationist of old generation. 2. Shri D K Sathe, a businessman and a prominent social worker and had experience of Co-operative banking. 3. Shri B M Gupta, Chairman of the Poona Central Co-operative Bank. 4. Shri N. G. Pawar, Engineer and Contractor 5. Shri V T Ranade,  of M/s.

V R Ranade and Sons a leading firm of Engineers and Contractors 6. Shri V P Varde, a leading figure in the co-operative movement and who provided major impetus to the move. 7. Shri M R Joshi, a leading paper merchant from Pune. 8. Shri S G alias Annasaheb Marathe of M/s. V R Ranade and Sons. 9. Shri Raghunathrao Sohoni, a leading merchant who had initially moved the resolution of formation of the Bank for Maharashtra. | | | Bank of Maharashtra is an Indian bank based in the city of Pune. Registered on 16th Sept 1935 with an authorized capital of Rs 10. 0 lakh and commenced business on 8th Feb 1936. The bank got nationalized by the Government of India in the year 1969. Established in 1935, Bank of Maharashtra is one of the leading banks of India. Beginning with a mere capital of 10 lakhs on 8th February 1936, the bank targets to cross the Business Level of Rs 85,500/- corers by March 2009. Renowned for promoting small businesses, Bank of Maharashtra is known as common man’s bank. Working on the motto of Technology with Personal Touch, Bank of Maharashtra is catering to a large number of people across all strata of society.

The nationalization of the bank in 1969 led to its rapid expansion and today Bank of Maharashtra over 1400 branches spread all across India. The Bank of Maharashtra has incorporated the latest technology to provide best services to its customers. This public sector bank with largest network in Maharashtra hopes to reduce net NPA level to below 1% * Chairman and Managing Director and Founder Shri. Allen C. A. Pereira Qualification: B. A. , MSW Experience: 36 yrs in Banking. Started career with Syndicate Bank as a Personnel Officer in 1973.

He Headed a large Zone and some of the departments at Head Office. He was promoted as General Manager in 2002. Heworked as Adviser to Indian Banks’ Association. He was appointed as Executive Director of Oriental Bank of Commerce, in March 2006. Vision 2010 To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders’ and employees’ value while moving towards global presence. Mission To ensure quick and efficient response to customer expectations. To innovate products and services to cater to diverse sections of society.

To adopt latest technology on a continuous basis. To build proactive, professional and involved workforce. To enhance the shareholders’ wealth through best practices and corporate governance. To enter international arena through branch network. To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders’ and employees’ value while moving towards global presence. Logo:- The Deepmal With its many lights rising to greater heights. The Pillar Our institution- Symbolizing strength. The Diyas

Our Branches- Symbolizing service. The 3 M’s symbolizing Mobilization of Money Modernization of Methods and Motivation of Staff. Milestones in the journey for nation building: Registered on 16-09-1935 Commitment stated in the prospectus issued on 21-10-1935: “Steadily to spread its business operations all over Maharashtra and as opportunity allows, outside that area offering varied services to the general public while trying to be useful to trade , commerce and industry consistently with high standards of safety and efficiency” 1936| 😐 Commenced operations on 08-02-1936 in Pune| 938| 😐 Second branch of the bank was opened in 1938 at Fort, Bombay. | 1940| 😐 Third branch came up at Deccan Gymkhana, Pune| 1944| 😐 Status as Scheduled Bank obtained| 1946| 😐 Deposits crossed Rs One corer mark Formed fully owned subsidiary, The Maharashtra Executor & Trustee Company First branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka)| 1949| 😐 Expansion to AP: Hyderabad branch opened| 1963| 😐 Expansion to Goa:  Panjim  Branch opened| 1966| 😐 Expansion to Madhya Pradesh: Indore branch opened Entered in Gujarat: Baroda branch opened| 969| 😐 Nationalized along with 13 other Banks Entry in Delhi by opening Karolbagh branch on 19-12-69| 1974| 😐 Deposit base crossed Rs. 100 Crore mark| 1976| 😐 Marathwada Grameena Bank, first RRB established on  26-08-1976| 1978| 😐 New Head Office building inaugurated by Hon’ble Prime Minister of India Shri. Morarji Desai Deposits crossed the figure of Rs. 500 Crores| 1979| 😐 “Mahabank Agricultural Research and Rural Development Foundation”, registered as a public trust, was established for undertaking research and extension work and to provide more extensive services to farmers. 1985| 😐 500th branch in Maharashtra state was opened at the hands of the then Prime Minister, Mrs. Indira Gandhi at Nariman Point, Mumbai. First Advanced Ledger Posting Machine (ALPM) was installed at the branch. Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh, Governor Reserve Bank of India| 1986| 😐 Thane Grameena Bank sponsored| 1987| 😐 The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune at the auspicious hands of Dr. Shankar Dayal Sharma, the Honourable Vice President of India| 1991| 😐 “Mahabank Farmer Credit Card ” was launched

Entered in to Domestic  Credit Card Business Main Frame Computer installed Became member of the SWIFT| 1995| 😐 Diamond Jubilee Celebrations – Dr C Rangarajan the RBI Governor was the Chief Guest Deposits crossed Rs 5000 crore mark| 1996| 😐 Moved into “A” category from the earlier “C” category. Autonomy obtained| 2000| 😐 Deposits crossed Rs 10000 crore mark| 2004| 😐 Public Issue of Shares – 24% owned by Public Listed in BSE and NSE| 2005| 😐 Bancassurance and Mutual Fund distribution business started| 2006| 😐 Crossed total business level of Rs. 50,000 Crore Branch CBS Project started| 009| 😐 Entered in to 75th year of dedicated service to the Nation Adopted 75 underdeveloped villages for integrated overall development| 2010| 😐 100% CBS of branches achieved Total Business crossed Rs One lakh crore Opened 76 branches in the Platinum Year taking the total to 1506| Social Responsibility| | * Bank’s Rural Development Centers at Hadapsar and Bhigwan are undertaking various developmental activities for the benefit of the famers vi. Lab to Land project, reuse / rehabilitation of Saline Soil and advice on scientific use of inputs for optimum results. The Mahabank Agricultural Research and Rural Development Foundation * (MARDEF) is active in socio-economic development of villages by encouraging farmers to take diversified activities like dairy, EMU farming, goat rearing, grape cultivation, horticulture and scientific use of various inputs like fertilizers etc. The foundation assists farmers, especially small and marginal farmers, in receiving timely bank credit. * The Bank has established Five Mahabank Self Employment Training Institutes (MSETI), one each at Pune, Aurangabad, Nagpur, Nasik and Amravati.

These provide training to rural youth and women for self employment. A total of 4605 candidates have been trained by the institutes so far MSETI Annual Training Schedule * Gramin Mahila Va Balak Vikas Mandal (GMVBVM), an NGO formed in 1989 by Bank of Maharashtra, is actively involved in formation, nurturing of SHGs and facilitating linkage to Bank Credit. The GMVBVM also helps SHGs to market their products through two sales outlets in Pune City named “SAVITRI”. GMVBVM assists the SHGs to secure quality raw material and inputs for their products and extends marketing and sales support.

Matured SHGs are assisted to upgrade into Small and Medium Enterprises. GMVBVM has been declared as Mother NGO by Govt. of Maharashtra. * The Mahabank Vidarbha Shetkari Jagruti Abhiyan, a joint effort of Bank of Maharashtra and Hanuman Vyayam Prasarak Mandal has reached out to more than 5750 Farmers in distress in six districts of Vidarbha through counseling and training sessions| Services provided by the Bank of Maharashtra * Deposit Schemes * Mahasaraswati Scheme * Mixed Deposit Scheme * Mahabank Lok Bachat Yojana * Mahabank Unit Deposit Scheme * Sulabh Jama Yojana Credit Facilities * Educational Loans * Housing Finance Scheme * Mahabank Adhar Scheme * Mahabank Vehicle Loan Scheme * Banking Services * ATM * Credit Card * Demat Services * Distribution of Mutual Funds * Bancassurance * Add-on Services * Executor of will * Management of private trust * Management of public charitable trust * Management of investment and house properties as attorney * Guardianship of minor’s property PRODUCT/SERVICES| * Mahabank Gold Coin | * ATM Services | * Credit Card | * DEMAT Services | * Bancassurance | * Distribution of Mutual Funds | Executors and Trustee Services | * Mahabill Pay | * RTGS/NEFT | * Capital Market Application (ASBA ) | * MAHA TRADE (On line Share Trading Facility ) | * Mahabank Swasthya Yojna * E Payment Taxes | | | | * Mobile Banking – Maha-Mobile| Bank of Maharashtra provides your account information on your Mobile phone through its new technology product ‘Maha-Mobile’. In our endeavor to providing latest technology products and more convenient banking facilities, the ‘Maha-Mobile’ is one more technology driven delivery channel for you to facilitate “Mobile Banking”.

Using the ‘Maha-Mobile’, you can do your banking transactions like enquiries, transfer of funds, utility payments etc. using your mobile phone. | | | What is Maha-Mobile? | It is a mobile banking application that works on a safe and secured menu based interface provided through J2ME technology. The customer can carry out enquiry functions, transfer of funds and e-commerce transactions by using mobile application installed on customers’ mobile instrument. | What are the facilities offered under Maha-Mobile? | Balance Enquiry * Mini Statement – Last 3 Transactions * Cheque Status Enquiry * Add Beneficiary * Modify & Delete Beneficiary * Funds Transfer – Within Customer’s own Accounts * Funds Transfer – To any other Account within BOM * Interbank Funds Transfer * Request for Issuance of Cheque Book * Request for Physical Statement of Account * View of Mobile Banking Transaction Log * Synchronization of Accounts and Beneficiaries * Change MPIN * Change Application Password * Upgrade Application * Deactivate Application| Bank of Maharashtra A NEW CURRENT ACCOUNT * Account Type * Current Account Minimum balance * Zero balance * Daily withdrawal limit * N. A. * Cash deposit limit * Rs. 5000/- * Demand draft facility * 30% discount on normal charges on Pearl. 60% discount on normal charges on Sapphire. * Multi city cheque facility * 30% discount on normal charges on Pearl. 60% discount on normal charges on Sapphire. * Funds transfer facilities * Free Eligibility Any individual, proprietorship or partnership firm or a legal person i. e. Institution or a Company or Trust, Corporate Bodies, Government / Semi-Government Departments, a developmental Agency formed by Government, can be allowed to open a Current Account.

Application for opening the Current Account should be tendered in the Current Account Opening Form prescribed by the bank. ADDRESS Bank of Maharashtra Branch of Bank of Maharashtra Vedaant Gyan Valley ,Jharna, Mahla –Jobner Link Road,Jaipur –Ajmer Express Way, Jaipur 303007(Raj. )INDIA Website: www. bankofmaharashtra. in TRAINING METHODOLOGY I have done my training programme by research methodology under which I have prepared some questionnaire related to FINACLE software. RESEARCH METHODOLOGY:- Research methodology is a way to systematically solve the problem.

It may be understood has a science of studying how research is done scientifically. In it we study the various steps that all generally adopted by a researcher in studying his research problem along with the logic behind them. The scope of research methodology is wider than that of research method. Meaning of Research Research is defined as “a scientific & systematic search for pertinent information on a specific Topic”. Research is an art of scientific investigation. Research is a systemized effort to gain new knowledge. It is a careful inquiry especially through search for new facts in any branch of Knowledge.

The search for knowledge through objective and systematic method of finding Solution to a problem is a research. DATA COLLECTION For any study there must be data for analysis purpose. Without data there is no means of study. Data collection plays an important role in any study. It can be collected from various sources. I have collected the data from two sources which are given below: 1. Primary Data · Personal Investigation · Observation Method · Information from correspondents · Information from superiors of the organization 2. Secondary Data Published Sources such as Journals, Government Reports, Newspapers and Magazines etc. · Unpublished Sources such as Company Internal reports prepare by them given to their analyst & trainees for investigation. Sample Size :- Questionnaire is filled by 20 agriculture customer of BANK OF MAHARASHTRA The questionnaire was filled in the office and vital information was collected which was then Subjects to Data collection was done with the help of personal observation. After completion of survey the data was analyzed and conclusion was drawn. At the end all information was compiled to complete he project report. Study of Agricultural Finance Facility Provided by Bank of Maharashtra Agricultural finance Agricultural finance is a subset of rural finance dedicated to financing agricultural related activities such as input supply, production, distribution, wholesale, processing and marketing. Financial service providers face distinct challenges when dealing with this sector. For example, the seasonal nature of production and the dependence on biological processes and natural resources leaves producers subject to events beyond their control such as droughts, floods or diseases.

Land is the most widely accepted asset for use as collateral but there are often problems with title and property rights in rural areas and small loans rarely justify the costs of legal action to call in a claim on land and then liquidate it. Moveable assets such as livestock and equipment are also fairly high risk without proof of ownership and insurance cover. Because developing countries have large rural populations, policy-makers have frequently tried to intervene in agricultural finance with policies to provide subsidised credit through a variety of channels.

Such programmes often created more problems than they solved and there was a move away from supply led credit towards a market based approach relying on commercially viable Financial institutions. Governments are still tempted to control interest rates, however, and intervene in other ways, so policies relating to agricultural finance remain an important issue. Loan for Agriculturists| | | | Mahabank Kisan Credit Card| Purpose | Cultivation of crops Meeting the short-term credit needs of farmers for crop production and allied activities etc. Maintenance of farm equipments etc. Eligibility | Agriculturist who owns agricultural land | Amount| As decided by District Technical committee & limit worked out for the purpose. | Security | Mortgage of land. Hypothecation of crop/Assets. | Repayment | Revolving credit facility for 3 years. Coinciding with harvesting of crops-season/marketing of produce. | Other Terms & Conditions | Assured and timely availability of working capital for crop cultivation. Borrowers are covered under personal accident insurance scheme. Insurance for notified crops is available. | | Minor Irrigation for Agriculturists|

Purpose | Digging of new wells, revitalization of existing well, purchase of oil engine, electric motor, pump set installation of pipe line, sprinkler, irrigation, drip irrigation, tube well, bore well, etc. | Eligibility | Agriculturist who owns agricultural land. | Amount| For new dug wells as per the NABARD Unit costs for equipments/estimates. | Security | Mortgage of land, Hypothecation of movable assets and guarantors. | Repayment | Depending upon the repaying capacity 7 to 11 years. | Other Terms & Conditions | Proposed well should be located in white watershed area.

It should not be in dark watershed area. | Farm Mechanization for Agriculturists| Purpose | Purchase of Tractors/Power tillers Purchase of Harvesters Purchase of Threshers & other farm implements| Eligibility | Agriculturist who owns at least 8 acres of Irrigated land. The Tractor should get at least 1500 hrs of work in a year. | Amount| As per cost of machinery| Security | Hypothecation of Tractor/trolley and accessories, Mortgage of land. | Repayment | 7 to 9 years. | Other Terms & Conditions | Comprehensive insurance of machinery with bank clause. | Animal Husbandry| Purpose | Purchase of Cows/Buffaloes

Poultry- Broiler Farm, Layers Farm, Hatchery Sheep/Goat Rearing Construction of Byre, Purchase of Machinery Working Capital Requirements. | Eligibility | Agriculturist, agri. Labor and / or those who have necessary expertise. | Amount| Animal cost – As per NABARD unit costs Others- as per the project. | Security | Hypothecation of Animals/Plant Machinery to be purchased Mortgage of land. | Repayment | 4 to 5 years with suitable installments. | Other Terms & Conditions | Insurance of all animals is essential. | | | | Horticulture| Purpose | Cultivation of fruit crops-mango, Pomegranate, Grapes etc. Eligibility | Agriculturist with adequate provision of irrigation| Amount| As per NABARD Unit costs/ Project| Security | Mortgage of land. Hypothecation of crops. | Repayment | Within 15 years. | Scheme for Financing Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates| Purpose | Setting up of Agriclinics Setting up of Agribusiness Centers. | Eligibility | Agriculture graduates| Amount| Individuals Max. Rs 10 lakh, Group Rs 50 lakh| Security | Hypothecation of Assets created out of bank loan Mortgage of land. | Repayment | 5 to 10 years. | Scheme for Financing Farmers for Purchase of Land|

Purpose | Purchase of land| Eligibility | Small & Marginal farmers, share croppers/Tenant farmers. | Amount| Maximum Rs 15,00,000/-| Security | Mortgage of land. Hypothecation of crop/Assets. | Repayment | As per the repaying capacity & incremental income. | Other Terms & Conditions| Total land holding including proposed land should not exceed 5 acres. | Scheme for Financing Two Wheelers to Farmers| Purpose | Purchase of two wheeler. | Eligibility | Net annual Agril. Income above Rs 50,000/- or 5 acres of irrigated land. | Amount| Max. Rs 50,000/-| Security | Hypothecation of Asset. Guarantors. |

Repayment | 3 to 5 years. | Consumer Loans to Farmers| Purpose | Purchase of consumer durables. | Eligibility | Net annual Argil. Income above Rs 50,000/- or 5 acres of irrigated/10 acres seasonally irrigated land. | Amount| Max. Rs 50,000/-, for four wheelers Max. Rs 2 lakh. | Margin| 10%| Security | Hypothecation of assets. | Repayment | 3 to 5 years. | Hi-tech Projects| Purpose | Hi-tech projects. | Eligibility | Agriculturist with knowledge of advance techniques in the farming. | Amount| As per the project cost. | Security | Hypothecation of goods Other collateral security. | Repayment | Within 6 to 8 years. TYPES OF CREDITS The Credit requirements of agriculture are of three types viz. 1. Short –Term 2. Medium – Term 3. Long- Term (LT) We shall deal with long-term credit in this article. Long Term Credit: The period of long-term credit is generally 5 to 20 years or even more in some special cases. In any industry, long-term investment is necessary, to create permanent assets which give returns over a period of time. The permanent investment is not only necessary for a particular industry but even for the country. Because for continuity of production and progress of the country. This applies to agriculture also.

In Agriculture, long-term investment comprises of sinking well, land leveling, fencing and permanent improvements on land purchase of big machinery like tractor with its attachments including trolleys, establishment of fruit orchard of mango, cashew, coconut, sputa (chiku), orange, pomegranate, fig, guava, etc. There are many other items of long-term capital investment. Investment once made in the beginning continuous to give returns over a long period. Fruit orchards particularly do not give any income in the first 4 – 5 years as incase of other seasonal crops. So the expenditure incurred in the first 4-5 years becomes a capital cost.

All the long-term investments mentioned above require large amounts of funds. Although they have good potential to give returns in future, individual farmers have no financial capacity to make such costly investments from their own funds because they have no savings or very little savings. Therefore, they have to resort to bank borrowing to meet their such needs. The financial criteria terms and conditions procedures of granting LT loans are altogether different from short-term loans: Even the bank or agency providing LT loans is separate due to its particular mode or system of raising capital and grain.

Land Development Banks: The special banks providing LT Loans are called Land Development Banks (LDA). The history of LDB’s is quite old. The first LDB was started at Jhang in Punjab in 1920. But the real impetus to these banks was received after passing the Land Mortgage Banks Act in 1930’s (LDB’s were originally called Land Mortgage Banks). After passing this Act LDB’s were started in different states of India . Structure: These Banks have two-tier structure 1. Primary Land Development Bank at district level with branches at taluka level 2.

Control or State Land Development Bank. All primary Land Development Banks are federated into Central Land Development Bank at the State Level. In some States, there is “Unitary structure” wherein, there is only one State Land Development Bank at the state level operating through its branches and sub-branches at district and below levels. Raising Funds :The main function of raising funds is carried out by the Central or State Land Development Bank which can really deal with the money market of the country effectively and advance loans to primary LDB’s.

The sources of funds of State LDB’s are:- 1. Share capital. 2. Issue of debentures 3. Loans from NABARD 4. Reimbursements of subsidies from the Govt. 5. Other funds. Loan Procedure: The Branch offices receive applications from the prospective borrower. Then Agricultural Finance Officer or Inspector scrutinizes these applications, they visit places of the application and ascertain the purpose of borrowing, verify the genuineness of the proposal and it economic viability, repaying ability of the farmers, adequacy of security, etc.

After completing those formalities, the loan is granted by the appropriate authority at appropriate level depending upon the delegation of powers by the Banks. CROP LOAN Crop loan is a short term credit and is generally obtained from primary credit co-op. Society of a village or also from commercial bank. The period of loan is about one year except for sugarcane for which the period is 18 months. There are two criteria for granting crop loan. 1. One third of gross value 2. Cost of cultivation. 1.

One third of gross value approach takes into account the yield and price of the crop, its cost of cultivation and family expenditure. If the gross value is more, more amount of loan becomes available. For e. g. DATA ANALYSIS AND INTERPRETATIONS A questionnaire was prepared for the purpose of getting feedback from the customer about the agriculture finance provided by Bank of Maharashtra . 20 customer was selected from agriculture and distribute questionnaire for the purpose to check awareness of them in agriculture finance .

Analysis of data The percentage of the customer opinion were analysis and express in the form of the charts. Q. 5 Are you aware about agriculture loan facility? | | | | | no. of not responded customer | | | | | | 0| 75% customer who are aware about agriculture loan facility 25% customer who are not aware about agriculture loan facility Q. 9 Do you think the procedure for procuring an agriculture loan is easy? 85 % customers says that procuring an agriculture loan is easy 15% is facing problems in procuring of agriculture loan 12 Are you aware with subsidy facility on agriculture finance? 5% customer who are aware with subsidy facility on agriculture finance 35 % customer who are not aware with subsidy facility on agriculture finance Q. 13 Are you aware about kisan credit card? 90 % customer who are aware about kisan credit card 10% customer who are not aware about kisan credit card Q. 14 Are you satisfied with the facilities of BOM? 100% customer satisfied with facilities of BOM . RESULTS AND FINDINGS Whole data is showed that only 75% customer who are aware about agriculture finance and 25 % are still left who are even don’t know about agriculture finance .

And 85 % customers says that procuring an agriculture loan is easy where 15% is facing problems in producer of taking agriculture loan . 65% customer who are aware with subsidy facility on agriculture finance even 35 % customer who are even don’t know what is subsidy facility on agriculture finance. 90 % customer who are aware about kisan credit card and 10% customer who are not aware about kisan credit card where all farmer should know about the Kisan Credit Card And there is advantage of BOM that 100% customer satisfied with facilities of BOM . CONCLUSIONS

This project report is about the agriculture finance facility which is provided by Bank of Maharashtra This project describe the whole producer of taken loan on agriculture and also describe facilities provided by Bank of Maharashtra in which project include loan ,types of loan and kisan credit card types of kisan of credit card internet banking and Maha mobile banking report mainly focus on agriculture finance report focus on objective of study of agriculture finance and scope of study of agriculture finance this report also included a survey on awareness of farmers in agriculture finance this project report give also a short description on company profile which include history of company . This report has data analysis and solution on agriculture finance facility in bank of Maharashtra In short description its also describe about type of credit and crop loan . Limitation of Training Although lots of care and efforts are made to ensure the fault free study but still there remains certain limitations which possibly may occur such as- * Lack of time acted as constraint in study * Lack of development banks in nearby areas also acts as constraint as it’s not possible to get the real exposure. Researcher limitations in knowledge are also the limitations of study. * Information is limited only with some rural customer of Bank Of Maharashtra * Imperfect information * SUGGESTIONS AND RECOMMENDATIONS * There are a lots of customer who even didn’t know about agriculture finance for aware them we can promote this facility in rural areas . * Many customer think that loan producer is tough and its very difficult to submit all the documentation so bank should make easy that producer * In rural areas bank should conducted some programme to promote agriculture finance BIBLIOGRAPHY Web-site;- 1. www. bankofmaharashtra. in 2. www. google. com 3. www. wikipedia. org

BANK OF MAHARASHTRA (Agriculture finance facilities of bank of Maharashtra) Personal Information 1. Name: _______________________ 2. Age: _____________3. Gender: _________ 4. Occupation: ___________________ 5. Mobile number: ______________________ 6. Address: ________________________________________________________________ _________________________________________________________________ QUESTIONNAIRE Q. 1 Are you aware about bank of Maharashtra? Yes No Q. 2 Are you aware with bank account facility? Yes No Q. 3 Do you have bank account in bank of Maharashtra?

Yes No Q. 4 which type of bank account you have? Current a/c Saving a/c Fixed Deposit Recurring Deposit Q. 5 Are you aware about agriculture loan facility? Yes No Q. 6 Have you taken loan agriculture loan from any bank? Yes No Q. 7 From which bank you have taken agriculture loan? BOM Any other Bank Q. 8 To whom you prefer for agriculture loan? Banks Private Money lender Other institutions Q. Do you think the procedure for procuring an agriculture loan is easy? Yes No Q. 10 Are you aware with insurance facility on agriculture loan? Yes No Q. 11 Do you think agriculture loan facility is important for you? Yes No Q. 12 Are you aware with subsidy facility on agriculture finance? Yes No Q. 13 Are you aware about kisan credit card? Yes No Q. 14 Are you satisfied with the facilities of agriculture finance provided by BOM?

Yes No Q. 15 What are the major problems you faced during drawing agriculture loan? Ans. ______________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ Suggestions: For bank: _________________________________________________________________ For government_____________________________________________________________ Place: ________________ Date: _________________ Signature: ____________

Cite this Project Report

Project Report. (2016, Oct 13). Retrieved from https://graduateway.com/project-report/

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