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Working Capital Finance for Farmer Producer Organization

At IDFC FIRST Bank, we offer Working Capital Finance to FPOs to help them expand their business activities and to meet the recurring business requirements.
Product offers various benefits, such as wider reach, simple documentation, quick processing, and attractive interest rate.Read More

Fast track FPO business growth with IDFC FIRST Bank FPO Working Capital Finance.Read Less

Key Features

Maximum Funding

Maximum Funding

Simple documentation

Simple documentation

Quick process

Quick process

Entire eligible limit available for utilization

Entire eligible limit available for utilization

ELIGIBILITY
Who Can Apply?

Following are the basic requirements to avail Working Capital Finance for FPO from IDFC FIRST Bank:

  • Farmer Producer Organization/Company should have registered under Companies Act
  • Members and stake holders of the FPOs/FPCs shall be farmers, milk producers, fishermen, weavers, rural artisans, Nursery etc.

Documentation

  • Simplified application form
  • KYC documents
  • Financial documents of FPO- Financial Statements, ITR and Bank Statement
  • Any other document, as per sanction condition
  • Master facility agreement

FPO eligibility

FEES & CHARGES

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FREQUENTLY ASKED QUESTIONS

What is FPO?

A Farmer Producer Organisation (FPO) is an organisation where its members are farmers or other primary producers such as artisans, dairy farmers, fishermen, etc.A FPO is a legal entity, which is registered as a producer company under the Companies Act, 1956.

What is Working Capital Finance to Farmer Producer Organization?

Working Capital Finance to FPOs are designed to meet the credit requirements of the FPC or Farmer Producer Company / Organization, in the form of term loans to meet their recurring expenditure.

How many farmer members are required to avail Working Capital Finance for FPO scheme?

At IDFC FIRST Bank, minimum 300 farmers are required to avail Working Capital Finance.

How is the Working Capital Limit decided for an FPO scheme?

The Working Capital limit is decided based on various factors like the number of Member Farmers, Financial documents (ITR, Balance sheet, Bank Statement), Total vintage since inception, FPO scorecard score, Credit Bureau Score. Maximum limit to FPO is restricted to Rs. 25 Lakhs.

What will be the Working Capital limit of a Farmer Producer Company (FPC) having vintage < 1Year?

Maximum Working Capital limit is restricted to Rs. 10 Lakh.

Does Working Capital Loan requires security?

No security is required to avail the FPO scheme Working Capital Finance limit. 

What is the tenor of the Working Capital Loan given for FPO?

FPO Working Capital limit will have 1 Year tenor with monthly interest servicing frequency.

What are the documents required to apply for FPO Working Capital Finance?

You need to submit the following documents while availing the loan:

• Simplified application form

• KYC Documents

• Financial documents of FPO

• Any other document, as per sanction condition

What are the benefits of availing the FPO Working Capital facility from IDFC FIRST Bank?

IDFC FIRST Bank FPO Working Capital Finance comes with a host of benefits, some of which are:

• Wider reach and better coverage

• Simple documentation & quick process

• No minimum vintage requirement  

• Collateral security not required

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