Punjab Gramin Bank – Scheme for Financing Apiculture (Bee-Keeping)

By Pradeep Yuvaraj | June 16, 2011

Punjab Gramin Bank came into existence on 12.09.2005 after the amalgamation of three erstwhile Regional Rural Banks of Punjab State namely, Kapurthala Firozpur Kshetriya Gramin Bank, Shivalik Kshetriya Gramin Bank & Gurdaspur Amritsar Kshetriya Gramin Vikas Bank. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan, education loan etc.

The bank is also giving technical and financial guidance to the farmers by organizing “Kisan Goshties” and forming Kisan Clubs. The area of operation of the bank extends to 11 districts of state of Punjab.

Purpose                      – Financial assistance is made available for meeting: Fixed cost such as Construction of honey houses; purchase of colonies; purchase of equipments like bee-boxes, honey extractors, smokers & bee veil, bee knife, hive tool, queen gate, feeder, solar wax extractor, plastic drums for storing honey, sting proof rubber gloves, etc.

Recurring Costs such as purchase of foundation sheets, sugar, medicines, gloves, etc.

Eligibility                     – Small and marginal farmer(s)/ agricultural laborers(s) who are trained in bee keeping and individuals/Association of persons/Companies who possess adequate experience in bee-keeping and are desirous of taking up bee-keeping activity on commercial basis.

Extent & Nature Of Loan- Need based term loan. Provision for initial recurring costs also forms an integral part of term loan only

Repayment Of Loan   – Maximum 5 years including gestation period

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Pradeep Yuvaraj

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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