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J&K Bank Agriculture Loan Scheme Check Eligibility, Rate Of Interest And More

J&K Bank Agriculture Loan Scheme Check Eligibility, Rate Of Interest And More

 

  • NATURE OF FACILITY
    Agricultural Term Loan

OBJECTIVE

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  • 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.
Read Also 👉:-  J&K Bank Two-Wheeler Finance Scheme

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.

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