State Bank of India
IDF partners with commercial banks and large scale lenders to deliver rural finance. Financing for this product is offered by the State Bank of India and IDF mobilizes clients and facilitates repayment. Credit line can be used towards any activity related to agricultural production.
Product Overview & Scale
- Fsp NameState Bank of India
- Fsp ID114755
- As of Date4/1/16
- CurrencyUSD
- Product NameKisan Credit Card
- CountryIndia
- Total Clients Bracket50,000- 100,000
- Product Clients Bracket10,000- 50,000
- Number of Product Clients40,000
- Percent of Total Clients that are Product Clients68%
- Average Loan Size Per Client615
- Average Loan Size Per Client615
Financial Structure & Pricing
- loan or product structure is flexibleFALSE
- repayment structure is flexibleTRUE
- loan or product term covers growing seasonTRUE
- grace period offeredFALSE
- group or individual loanGroup
- apr0%
- type of primary insurance productLife/funeral insurance
- average premium per client in last 12 months for primary insurance product30.75
- annualized repayment rate of the product98- 100%
Value Chain Support
- inputs assets services are readily availableFALSE
- inputs assets services are available at time demanded by clientFALSE
- inputs assets services available within reasonable distance of clientFALSE
- inputs assets services are of good qualityFALSE
- informal management services providedFALSE
- formal programs in place for post harvest managementFALSE
- informal linkages exist between clients and buyers producersFALSE
- formal linkages exist between clients and buyers producersFALSE
- guaranteed market opportunities exist for clientsFALSE
Training
- agricultural training available to clientsTRUE
- agricultural training available to clients using formal curriculumTRUE
- multiple agricultural trainings delivered during product cycleTRUE
- organization does quality checks on trainingsTRUE
- financial literacy training takes places yes noTRUE
- classroom theoretical training offered by administering partyTRUE
- training engages clients in participatory learning with additional materialsTRUE
- training is offered in a convenient location for clientsTRUE
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- formal measurement with strong control groupFALSE
- rct or other academic quality work done to verify resultsFALSE
- measurement of change to profit income or poverty reduction takes placeTRUE
- using methodical process over time to measure changeFALSE