Medium term Advances

MEDIUM TERM ADVANCES

Investment Credit

During the year 2014-15, 22 Dist. Central Coop. Banks were extended with aggregate refinance of Rs.330.25 crore under Investment Credit for various purposes.
Subsidy scheme of NABARD & GOI
  1. Subsidy schemes are available for the following:
  2. Poultry Venture Capital Fund
  3. Dairy Entrepreneurship Development Scheme
  4. Fisheries
  5. Self Help Groups / Joint Liability Groups
  6. Agro Clinic and Agri Business Centre
  7. Agro Processing

Producers Organisation Development Fund (PODF) of NABARD – Financing of PACS

NABARD introduced a new loan scheme from 2011, viz., “Producers Organisation Development Fund (PODF)” for the business development of PACS.  The purpose of the loan is for purchase of farm machineries, construction of godown, cold storage, petrol / gas / diesel / kerosene bunks, drying yard, crushing / polishing / packaging unit, etc.

Loans to Differently Abled Persons under NHFDC (National Handicapped Finance and Development Corporation) Scheme

TNSC Bank acts as State Channelising Agency of Tamil Nadu for NHFDC from the year 2002, and providing refinance to DCCBs under various schemes of NHFDC.  A target of Rs.27 crore was fixed for the year 2014-15. During the year 2014-15, TNSC Bank disbursed a total sum of Rs.19.18 crore as against Rs.18.04 crore during 2013-14 to the differently abled persons for self-employment.  The Government of Tamil Nadu sanctioned Rs.1 crore for 2014-15 towards the interest subsidy for prompt repayment of the loans disbursed to differently abled persons by the cooperative banks.

The Hon’ble President of India awarded the ‘Best Channelising Agency’ Award to TNSC Bank for the years 2006-07, 2008-09 and 2013-14.