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| Purpose: |
| For Credit needs of Farmers including those for Farm operations, development of agriculture etc. & domestic expenditure. |
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| Eligibility: |
| All farmers. |
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| Amount of Loan: |
| Maximum to the extent of 50% of the value of land offered as security or Rs.7.50 lacs whichever is lower. |
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| Security: |
- Hypothecation of Crops/ Assets created out of bank Finance.
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- Mortgage of Agriculture land valuing twice the amount of Loan.
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Margin:
- Upto Rs. 50,000/ - : Nil
- Above. Rs. 50,000/- : 15%
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| Click Here for Rate of Interest |
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Repayment:
- Working Capital in the form of Revolving Credit.
- Term Loan component upto7 years.
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| Click here to view PLR Rates |