||* To provide loan to purchase, develop and cultivate agricultural as well as fallow and waste land.
||* Small and marginal farmers, share croppers / tenant farmers and Entrepreneurs with agricultural background.
|Nature of facility
||* Term Loan .
|Quantum of Loan
||* Area and value of land plus development cost less margin, subject to a maximum of Rs.10.00 lac.
||* 20% .
||* Primary :
- Charge on land to be purchased.
- Hypothecation of crops raised on the land.
* Collateral :
- Charge on other land presently owned, if any.
||Limit Upto Rs.50,000/- .
Above Rs.50,000/- upto Rs.5.00 lacs .
Above Rs.5.00 lacs upto Rs.10.00 lacs .
|MCLR + 0.50%
MCLR + 1.00%
MCLR + 1.50%
||* @ Rs.120/- per lac or part thereof, maximum Rs.20,000/- .
||* NIL .
||* Within 7 to 10 years in half yearly/ yearly instalments .