Key Features

• Available for direct agricultural purposes as well as allied activities
• Avail loan amount maximum up to Rs.10 Lakhs
• Longer repayment period – Maximum of 120 months
• Minimal paperwork
• Hassle free processing
• No hidden charges or heavy penalties

Activities covered under the scheme

Finance to individual farmers for Agriculture to meet their investment credit as follows: 

• All kinds of land development
• All kinds of Irrigation
• Farm mechanization
• Construction of sheds, store, farm house, manager, supervisor, labor quarters, tanks etc. for agriculture and allied activities
• Traditional/non-traditional plantations and horticulture development
• Allied Activities (dairy, fishery, piggery, poultry, bee-keeping, etc.)
• Loans to small and marginal farmers for purchase of land for agricultural purpose.

All other term loans for financing production and investment requirements for agriculture and allied activities.

• Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
• Recent Passport size photograph
• Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
• Proof of agricultural land/property- Tax receipts

The loan with interest shall be repaid within a maximum period of 120 months with monthly/ quarterly/ half yearly or annual instalments; depending upon the cash flow with a maximum cushion period of 12 months

• Minimum loan shall be Rs.3L and maximum loan shall be Rs.10L. 
• Loan amount will be 50% value of collateral security or 5 times the previous year's net agricultural income from agriculture and allied activities; whichever is lesser; subject to maximum of 75% of the proposed investment cost. 
• Minimum margin:  25%

Primary Security: 

• Hypothecation of all assets created out of loan including crops.
• Mortgage of agril. Landed property where agricultural activities are being undertaken.
• A margin of 25% shall be maintained on investment. 

Collateral security: 

• Collateral security property shall have value of 200% of loan amount and shall be a residential property with or without house or a commercial property.

Spouse of the applicant shall join as Co-obligant for the loan. In case spouse is not available, one of the close relatives like father, mother, brother, sister, son or daughter shall join the documents as a co-obligant.

Please visit the rates and charges page for details