Cash Credit Limits
As part of its financial support to DCCBs, TNSC Bank had sanctioned cash credit limits aggregating to ₹8,010 crore for non-agricultural purposes up to 31.03.2024. The outstanding under these cash credit accounts stood at ₹3,009.20 crore as on 31.03.2024.
Financing of Sugar Mills, Cash Credit Limits to DCCBs
For the sugar season 2022–23, TNSC Bank sanctioned cash credit limits of ₹253.27 crore to sugar mills under consortium financing arrangements to meet their working capital requirements. The outstanding amount as on 31.03.2024 stood at ₹83.83 crore. The limits were underutilised due to the immediate sale of sugar produced and the availability of Ways and Means support from the State Government.
Short-Term Loan to Tamil Nadu Civil Supplies Corporation
To meet the working capital requirements of the Tamil Nadu Civil Supplies Corporation (TNCSC) and facilitate paddy procurement, TNSC Bank sanctioned a short-term loan of ₹700 crore, against the anticipated State Government guarantee.
PACCS as Multi-Service Centres (MSC) under AIF
The Government of India’s scheme for converting PACCS into Multi-Service Centres (MSC) enables PACCS to avail loans under the Agriculture Infrastructure Fund (AIF) for developing post-harvest infrastructure. Loans are available at an interest rate of 4% per annum, up to ₹2 crore per PACCS, without collateral security. An interest subvention of 3% per annum is available for prompt repayment.
The loan repayment period is seven years. PACCS are also eligible for a grant of 10% of the sanctioned loan amount, subject to a maximum of ₹2 lakh. As on 31.03.2024, TNSC Bank had sanctioned refinance of ₹279.21 crore to DCCBs for 3,721 projects under this scheme.