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Agri & Rural

Last Updated on: 16/05/2023



To Finance Share Croppers/Tenant Farmers/Small and Marginal Farmers to Purchase Land for Cultivation or for Other Allied Activities to Agriculture.


Small and Marginal Farmers, Share Croppers/Tenant Farmers are Eligible.
Total Land Owned by the Borrowers including the Land to be Purchased under the Scheme Should not be More than 5 Acres of Un-irrigated Land or 2.50 Acres of Irrigated Land.

Amount of Loan

Maximum of Rs. 10 Lacs


A Minimum of 10% Margin for Loan Amount Exceeding Rs. 1.60 Lacs.


The Land Purchased Out of Bank Finance, Mortgaged in Favour of the Bank.


Maximum of 12 Years in Half Yearly or Yearly Instalments, Including a Maximum Moratorium Period of 24 Months.

Rate of Interest

Varies from Time to Time. Presently

Upto Rs. 5 Lacs: One Year MCLR+1.40%

Above Rs. 5 Lacs upto Rs. 10 Lacs - One Year MCLR+2.25%

Other Details

Project Cost May Include Besides Cost of Land, Value of Stamp Duty, Registration Charges for Sale/Mortgage Deed and Other Land Development Expenses.

For Other Details, Please Contact Your Nearest IOB Branch.