Cent Agri Land Purchase Scheme


* 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 Rs10.00 lac.


* 20% .


* Primary :
- Charge on land purchased out of bank finance.
- Hypothecation of crops raised on the land.
* Collateral :

-No collateral uptoRs1.60 Lakh
- Charge on other land presently owned, if any.

Interest Rate

Above Rs3.00 lakh to Rs10.00 lacs

MCLR + 1.35%
MCLR + 2.50%

Processing Charges

* UptoRs25,000/- : Nil .
* Above Rs25,000/-: @ Rs120/- per lac

Documentation Charges

UptoRs2.00Lakh- NIL

Above Rs2 Lakh to Rs 10 Lakh- Rs50 per Lakh or part thereof Max Rs1000/-


* Within 7 to 10 years in half yearly/ yearly instalments .