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Agriculture Loan
Based on the viability of the agriculture project/proposal, Agriculture Loan to finance the short/long-term financing need of an individual/firm/company may be made available to purchase tractor, seeds, fertilizers, insecticides etc.
Who can apply for the loan?
Individual farmers,
Small/Medium Agro Business.
Salient Features
Financing of up to 70% of the requirement.
Maximum tenure of 5 years.
Management Fee of maximum 2% of the sanctioned amount.
Tractor, registered mortgage over land and building or other tangible assets etc. will be pledged as security.
Repayment of the principal along with the payment of the interest should be made in Equated Monthly Installments (EMI) or a quarterly basis.