Purpose

General Purpose Loan for meeting agricultural and consumption purposes against agriculture property

Eligibility

Farmers having excellent repayment track records for atleast past three years

Amount of Loan

• 50% of the value of land mortgaged as collateral security or
• 3 times the annual income of the farmer Maximum Rs 3.00 lakhs

Period of Loan

3 to 5 years

Type of Facility

Agricultural Term Loan

Rate of Interest

As applicable to agricultural term loans

Other conditions

• Valuation of land – as per Subregistrar rates
• Original Land Records should be made available