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  • Agricultural Innovation Centre

Agricultural Innovation Centre (AIC), Priority Credit Wing, was established in the year 1988 as a specialized cell for assessing the viability of Agro based projects and to provide consultancy services to the entrepreneurs in Agricultural sector. The section is equipped with well-trained agricultural graduates having good knowledge and experience in the field of project appraisal.

The project reports prepared by Agricultural Innovation Centre are accepted by all the major banks and financial institutions.

AIC is not only involved in Project Appraisal but has also taken initiatives in identifying Agricultural clusters and formulating Area Specific Schemes which are having high potential to absorb bank credit.

In the previous FY (2022-2023), AIC has handled 318 projects involving an outlay of ₹ 4078.52 Crores in the following sectors

1.Farm Credit:
Poultry
Dairy
Fishery
Small Ruminants
Poultry
Bee-keeping
Sericulture
Horticulture
Floriculture etc.

Ground mounted Solar Power Units (PM KUSUM)

 

2.Agriculture Infrastructure:
Rural Godown
Cold chain and Cold Storage
Silos
Market Yards
Warehouses
Soil Conservation and watershed development
Plant Tissue Culture and Agri biotechnology
Seed production
Production of bio-pesticide, bio-fertiliser & vermi composting

Compressed Bio Gas (SATAT)

 

3.Ancillary Activities:
Food and Agro Processing Industries
Dairy Processing
Fruits and Vegetables processing
Meat and Poultry Processing
Fish and Shrimp Processing

Food and Agro Processing Activities

  • Project Formulation/Appraisal / Vetting of Agriculture and Allied Activities
  • Viability Study/Rehabilitation Packages/Debt restructuring for sick units
  • Market research on Agriculture and allied activities
  • Preparation of model/Pilot projects to support the Banks’ lending activities
  • Training of Agriculture Field Officers of Banks.

We offer services to various clientele groups like

  • Individuals
  • Banks & Financial Institutions
  • Development Agencies
  • Government Departments
  • NGOs
  • Commodity Boards
  • Corporates/ Companies
  • Partnership Firms, etc.
Nature of charges APPLICABLE CHARGES
Appraisal charges by AIC

A.      For Our Bank Clients

1 Project Formulation/ Vetting

(i)Term loan proposals other than Food and Agro Processing Units AIC will charge only out of pocket Expenses (OPE) /Incidental expenses , which shall be collected by the Branch and remitted to PC Wing, Bengaluru on DP Code 0025.

If AIC appraisal report is issued to the Customer the following chagres to be collected.

 Project cost up to ₹. 500 Lakhs – ₹. 5000/- + applicable GST                    

Project cost above ₹. 500 Lakhs- ₹. 10000/- + applicable GST

ii. Term loan proposals for Food and Agro Processing Units:

  a)Appraisal Report strictly for Bank’s internal use, i.e , not to be shared with the Customers/Other lenders:

Project Cost Schedule of Fees
₹. 1 Crore and above upto ₹. 10Crores 0.10% of the project cost with minimum of ₹. 50000/-
Above ₹. 10 Crores and Up to ₹. 50 Crores 0.075% of the project cost with minimum of ₹. 2 Lacs
Above ₹. 50 Crores and up to ₹. 500 Crores 0.05% of the project cost with minimum of ₹. 5 Lakhs
Above ₹. 500 Crore 0.025% of the project cost with minimum of ₹. 25 Lacs

  b)Appraisal report to be shared with the customer/Other lenders:

Project Cost Schedule of Fees
₹. 1 Crore & above and up to ₹. 10 Crores 0.30% of the project cost with minimum of ₹. 1 lakh
Above ₹. 10 Crore and Up to ₹. 50 Crores 0.20% of the project cost with minimum of ₹. 5.0 Lakhs
Above ₹. 50 Crores and up to ₹. 500 Crores 0.15% of the project cost with minimum of ₹. 10 Lakhs
Above ₹. 500 Crores 0.10% of the project cost with minimum of ₹. 75 Lakhs

iii. Viability Studies:

Only OPE/Incidental expenses will be charged by AIC and no other fee is levied in respect of proposals referred to AIC for Viability study

iv. SERVICE CHARGES FOR APPRAISAL OF PUBLIC ISSUE/CONSORTIUM ADVANCES

Category Service Charges
Project outlay above ₹. 100 lakhs and up to ₹. 1000 lakhs 0.25% of the project outlay with a minimum of ₹. 50,000/-
Project outlay above ₹. 1000 lakhs 0.25% on the first ₹. 1000 Lakhs and 0.125% on the incremental outlay above ₹. 1000 Lakhs

B. SERVICE CHARGES FOR CLIENTS OF OTHER BANKS/INSTITUTIONS

Project Formulation
Outlay Service Charges
Up to ₹. 500 Lakhs 0.40% of outlay with a minimum of ₹. 5000/-
Above ₹. 500 Lakhs ₹. 2.0 Lakhs + 0.15% of the balance outlay over and above ₹. 500 Lakhs

Agricultural Innovation Centre
Priority Credit Wing
Canara Bank
Head Office
112 J C Road
Bengaluru - 560002
Phone No: 080-22236020

E-mail: hoacs@canarabank.com

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Last updated on 22-01-2026 01:15 AM

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