• NATURE OF FACILITY
  Agricultural Term Loan

OBJECTIVE

• To provide adequate and timely credit for comprehensive requirements of farmers with flexible and simple features

PURPOSE

• Purchase of assets (farm equipments, bullocks, etc)
• Creation of assets (Orchard Development, Dairy Development, Poultry development etc)and
• Any other activity under Agriculture, Horticulture, Sericulture, Animal Husbandry, Plantation, Fisheries etc.

An indicative list of activities is presented herein below.

Setting up of small Dairy/Poultry units · Orchard Development

Crops (Paddy, wheat, maize, oil seeds, saffron, vegetables etc)

Purchase of Farm Machinery eg. Water pumps/Spray pumps

Dug wells, Bore wells, shallow tube wells, sprinklers and drip irrigation.

Purchase of plough animals

Purchase of seeds, pesticides/fertilizers · Vegetable farming

Setting up Rural Retail Agricultural outlets

Construction of Godowns/grading sheds

Plantation, nurseries

ELIGIBILITY

• All Persons engaged in agricultural and allied in Semi urban and Rural areas including all categories of farmers.

QUANTUM OF FINANCE

• Max. 1.00 Lac depending upon the activity to be financed. Multiple activities can also be considered for assessing the quantum of finance.

PROCESSING CHARGES

• 0.05% of the amount sanctioned with a min. cap of Rs 25/- to be paid upfront

ELIGIBILITY

• All Persons engaged in agricultural and allied in Semi urban and Rural areas including all categories of farmers.

QUANTUM OF FINANCE

• Max. 1.00 Lac depending upon the activity to be financed. Multiple activities can also be considered for assessing the quantum of finance.

PROCESSING CHARGES

• 0.05% of the amount sanctioned with a min. cap of Rs 25/- to be paid upfront
• RATE OF INTEREST (SUBJECT TO CHANGE)
• Click here for rate of Interest

REPAYMENT

• 5 years after a moratorium of three months.