Purpose
This is the comprehensive scheme of the Bank to extend adequate and timely support to the farmers to meet both their short-term (working capital) and term credit (investment credit) needs.
Eligibility
All categories of Farmers
Loan Amount
Loan amount is decided based on the cropping pattern, ancillary and contingency needs of the farmer for the full year for seasonal agricultural operations and working capital requirement for allied activities and investment credit needs of the farmers. Up to 85% of the cost of cultivation (Scale of Finance for seasonal agricultural operations) or Investment cost (unit cost for different activities). 100 % of the cost is available as loan up to Rs.50,000/- and 85 % of the cost is available as loan above Rs. 1,00,000/-. The facility can also be extended to borrowers who are engaged only in allied activities like poultry, fisheries, dairy etc., in order to cover the recurring expenses and in such cases the limit can be assessed based on the particular type of activity alone.
Documents Needed
Land records and other records to ascertain cultivation rights . details like acreage under different crops ,allied activities ,investments etc
Security
| Loan Amount |
Security to be furnished |
| up to Rs. 50,000 |
Hypothecation of crops/ assets acquired. |
| Above Rs.& 50,000 and upto Rs. 1,00,000 |
i. Hypothecation of crops
ii. Mortgage of land or Third party guarantee |
| Above Rs. 1,00,000 |
i. Hypothecation of crops
ii. Mortgage of land |
Rates & Interest
Please refer rates & charges page
Repayment
Working capital as revolving cash credit limit with any number of withdrawals and deposits. Investment Credit as Term Loan for 3-15 years payable in monthly, quarterly, half-yearly / annual installments depending on the cash flow available to the borrowers