Eligibility
Existing farmer clients & also the prospective farmers
Purpose
Investment credit need and allied activities. Revolving Cash Credit for crops & for allied activities
Amount
Loan amount / Limit fixed on annual basis depending upon the cropping pattern, Scale of Finance for the crop and the extent of cultivation.
Margin
Upto Rs 100000 – Nil Above Rs 100000/- 15 % to 25 %
Security
Upto Rs 100000 – Hypothecation of crops / assets created out of loan. Above Rs 100000/- Suitable Collateral or TPG at the discretion of the Bank & Hypothecation of crops / assets created out of loan.
Repayment
Term loan - Max. 5 years
Holiday Period
Depending on the asset created
Rate of Interest
You may Contact the nearest Branch for Interest details.
Remarks