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PRATHYASHA LOAN

Features & Benefits

Federal Prathyasha Loan is designed to provide credit to distressed small and marginal farmers, enabling them to prepay their debt to the informal sector against collateral or group security.

 

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Ideal for individuals indebted to the informal sector – Either singly, jointly, or groups of 5-10 persons belonging to different families.
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Members of the JLG (Joint Liability Group) are also eligible.
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Minimal paperwork  and speedy processing without any hidden charges or heavy penalties

How to apply ?

Who can apply?

  • Small and Marginal farmers only.

How to avail the loan?

  • To avail the loan, Please visit any of our branches.

Documents Required

  • 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

Repayment options

  • Repayable in equated monthly /quarterly /half-yearly /yearly installments depending on the cash flows available to the borrowers.

Loan Period and Amount

Loan period

  • Individuals - Maximum 84 months
  • JLGs         - Maximum 60 months

Loan amount

  • Individuals - Up to Rs. 5 Lac
  • Groups (JLG's) - Up to Rs. 3 Lac

Security

Collateral for Individual Loans – Landed property valued not less than 200% of the loan amount

No collateral Security is required for loans to members of JLG, however guarantee of the other members of JLG, is required

Other terms and conditions

In the case individual loans, spouse / father / mother should join as co-obligant.

Interest Rates & Charges

Explore Other Agri Loans

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