For meeting the expenses towards all farm activities including purchase of farm machinery and equipment, improvement/development of land, fencing, post-harvest processing, storage, rearing of farm animals etc. It is possible that the farmers would have already undertaken the activities in anticipation of raising loans. In such cases reimbursements of the expenses incurred during the last 6 months can also be considered on a selective basis subject to verification of the investments by the branch officials duly taking declaration from the borrower.

• Individual farmers/Joint borrowers, existing as well as fresh customers, who own land and preferably with Aadhar number.
• Loans under the scheme to be restricted to farmers with landholding up to 1 hectare/2.5 acres/250 cents.

• Up to Rs.1 lakh – No margin.
• Above Rs.1 lakh till Rs.2 lakh – 5% of Project Cost.
• Above Rs.2 lakh till Rs.5 lakh – 10% of Project Cost.
• Above Rs.5 lakh – 15% of Project Cost.

• Up to Rs.1.6 lakh: Hypothecation of existing as well as acquired assets
• Above Rs.1.6 lakh: Equitable Mortgage of landed property with value at least 200% of the loan limit.

• Loans up to Rs.5 lakh: Up to 10 from the date of disbursement of loan in half yearly/ yearly instalments.
• Loans above Rs.5 lakh: Up to 15 years from the date of disbursement of loan in half yearly/ yearly instalments

• Please visit Loan Interest Rates page for details