CentralBank of India-Rural Agri Banking
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Cent Agri Land Purchase Scheme

Purpose * To provide loan to purchase, develop and cultivate agricultural as well as fallow and waste land.
Eligibility * 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.
Margin * 20% .
Security * Primary :
- Charge on land to be purchased.
- Hypothecation of crops raised on the land.
* Collateral :
- Charge on other land presently owned, if any.
Interest Rate 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%
Processing Charges * @ Rs.120/- per lac or part thereof, maximum Rs.20,000/- .
Documentation Charges * NIL .
Repayment * Within 7 to 10 years in half yearly/ yearly instalments .

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