Purpose
Construction of Farmhouses (with stores etc), farm roads, rest houses, restaurant/ catering facilities, other public utility services, Expansion / Maintenance/ repairs and renovation of existing Farm Houses, Marketing outlets for Farm produce, etc (For own use or for Farm Tourism related activities).
Eligibility
All agriculturists carrying out investments in farm houses and farm tourism infrastructure in the agricultural properties owned by them with required approvals are eligible for loans under the package
Loan Amount
For new construction - Maximum Rs 50 Lakhs (Higher amount can be considered for applicants having sufficient cash flows) with a minimum margin of 15%. For expansion, repairs and renovation of existing farm houses — Maximum Rs 25 Lakhs with a minimum margin of 15%.
Security
Hypothecation of assets created and mortgage of land.
Rates & Interest
Please refer rates & charges page
Repayment
3 to 15 years depending upon the income generation and repayment capacity.