Financing for Purchase of shares of Industrial Co-op. Units.
Purchase of share For setting up of Co-operative Industrial Units Dis. of Chemical Fertilizers member’s contribution in the equity is Working Capital absolutely necessary. To encourage the Agro-Industrial Co-op. Unit members for investment in shares of proposed C.C. Limit Co-operative Units. a scheme for financing of Financial Accommodation medium term loan for financing of medium Co-op. Processing Society term loan for purchase of shares has been FA Weavers & Industrial started from the year 1997-98.
FA Co-op. & Other Institution
Loan Against Pledge Financing for Distribution of Chemical Fertilizers
Besides dispensation of production credit, financing for distribution of chemical fertilizers is a major activity for which IPC Bank is providing working capital loans to Marketing Federation, IFFCO and other Institutions. During the year 2007-08 credit limits of Rs. 297.00 crores were sanctioned, which was utilised to the full extent.
Financing to Working Capital
Working capital requirements of almost all the IPC Co-operative Institutions is being met by IPC Bank. The limits of Rs. 610.64 crores sanctioned to various institutions, during the year 2007-08.
Financing to Agro-Industrial Co-operative Units
To ensure profitable deployment of surplus resources available with the bank, funding of Co-operative Agro industrial Units is being done by IPC Bank. The loan outstanding as at the end of the year 2006-07 is stood to Rs. 62.89 crores. C.C. limit for Procurement & Marketing of Agricultural Produce
The procurement and marketing, operations of various agricultural produce have been undertaken by co-op. marketing societies in the State during the year 2007-08, due to which the formers could get remunerative price of their produce. The credit limits of Rs. 3.25 crores were sanctioned for the purpose to utilised adequately.
Financial Accommodation for Public Distribution System
The entire work of Public Distribution System has been entrusted to primary co-operative societies One of the reason for successful implementation of the scheme is timely funding by IPC Bank. The limit of Rs. 48.95 crores was sanctioned to IPC Bank during the year 2007-08.
Financing for Working Capital Requirements of Co-operative Processing Societies.
IPC Bank is meeting out the entire financial requirements of existing co-operative processing institutions by providing working capital finance directly. meeting out the entire credit requirements of these societies at concessional rate of interest either from own resources.
Financial Accommodation for Weavers & Industrial Co-op. Societies.
The Primary Weavers and Industrial Co-op. Societies working in the State are playing prominent role in providing employment to weavers and rural artisans of the State. Ipc Bank with the help of meeing out the entire credit requirements of these societies at concessional rate of interest either from own resources.
Financial Accommodation to Co-operative & Other Institutions
Financial requirements of Educational institutions and Salary earners Societies are also being met by Ipc Bank.
