Purpose
Loans under this category is for various activities like land clearance (removal of bushes, trees, etc.), land leveling and shaping, contour /graded bunding, bench terracing for hilly areas, contour stone walls, staggered contour trenches , disposal drains, formation of roads, reclamation of saline/alkaline soils and fencing etc.
Eligibility
All farmers owning agricultural land.
Loan Amount
Upto 85 % of the cost of the asset / project.
Documents to be produced
Land records and Project report supported by estimates.
Security
Hypothecation of the assets created and Mortgage of land.
Rates & Interest
Please refer rates & charges page
Repayment
Repayment of loan will be in quarterly/half yearly / yearly installments over a period of 3 to 9 years.