Purpose
Loans for development plantation crops(Rubber, Tea, Coffee, Coconut, Arecanut, Pepper, Cardamom etc.), flowers in open and green houses (roses, carnation, chrysanthemums, jasmine etc.) and vegetable crops (potato, tomato, brinjal, gourds, peas etc.) of fruit orchards (mango, Guava, Grapes, etc.,) as well as short term fruit crops(banana, pineapple etc.).
Eligibility
All farmers having cultivable lands.
Loan Amount
Up to Rs. 50,000/- 100 % of the cost of the asset / project cost is provided as loan. For loans above Rs 50000/- 85 % of the cost of the asset / project is given as loan. Short term loans for meeting working capital under Kisan Credit Card scheme.
Documents to be provided
Land records Quotation / estimates for the costs to be incurred. For large projects, detailed project report shall be submitted.
Security
| Amount of Loan |
Security to be furnished |
| a)Upto Rs. 50,000/- |
Hypothecation of assets created. |
| b)Above Rs.50,000/- to Rs. 1 lac |
i) Hypothecation of assets created
ii) Mortgage of land or third party guarantee. |
| c) Above Rs. 1 lac |
i) Hypothecation of the assets created
ii) Mortgage of land |
Rates & Interest
Please refer rates & charges page
Repayment
The loan repayment starts after the completion of the gestation period varying from 3 to 7 years for different crops. Repayment commences from the time the crop gives economic yield and is linked to the income generation of each crop every year and varies between 7 years to 15 years.