ALLIED AGRICULTURE TERM LOAN

PURPOSE

Cultivation of Plantation and Horticulture Crops, Plough Bullocks, Minor Irrigation, Land Development etc.

TARGET GROUP

Individuals(Singly or Jointly), Farmers, Agricultural Labourers, SHG and Joint Liabilities Groups (JLGs)

ELIGIBILITY
  1. Age: 18 to 70 Years
  2. Must have Experience in the activity
  3. Applicant must have own/leased (min 2 years more than loan tenure for animal shed and growing fodder)
LOAN AMOUNT

As per NABARD/SLTC approved scale of Finanace

MARGIN
  1. upto Rs. 1,60,000/-: NIL
  2. Above Rs. 1,60,000/-: Minimum 10%
INTEREST RATE

As prescribed by the Bank