CentralBank of India-Rural Agri Banking
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Scheme for financing JLGs

Purpose To meet the Pre-harvest, Post harvest credit requirement and finance against pledge of agricultural produce of JLGs of farmers.
Eligibility Joint Liability Groups of Small and Marginal Farmers, Tenant Farmers, Oral Lessees, Share Croppers and Individuals taking up farm activities.
Nature of facility Term Loan/CC/Demand Loan, depending upon the purpose.
Limit Based on the available cultivable area of each member of the JLG and the activity undertaken. Maximum Rs.1.00 lac per member and Rs.5.00 lac per group.
Margin On loans upto Rs.50,000/-  : Nil On loans above Rs.50,000/- : 10%
Security Primary - Hypothecation of crops and assets created out of bank's finance.
Collateral - - No collateral for limit upto Rs. One lac. - For limits above Rs. One lac, charge on agricultural land.
Interest Rate *Limit upto Rs.50,000/-
*Above Rs.50,000/- upto Rs.5.00 lacs
*MCLR + 0.50%
*MCLR + 1.00%
Processing Charges *For Production Credit                       : Nil
*For other than Production Credit : @ Rs.120/- per lakh (0.12%) or part    
thereof subject to maximum of Rs.20,000/-
Documentation Charges Nil
Repayment Depending upon duration of crop and realization of sale proceeds.
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