home > Products Palette
All products << back <<

Golden Harvest Scheme
Purpose / ObjectiveTo meet short term credit requirement for agriculture purpose.
EligibilityAll paddy and Sugarcane growers of Tamil Nadu and Andra Pradesh
Amount of LoanSugar Cane: 60% of the estimated yield or Rs 20,000/- per acre whichever is lower.
Paddy (for AP): 60% of the value of the estimated yield or Rs 10,000/- per acre which ever is lower.
Paddy (for TN): 50% or Rs 10,000/- whichever is lower.
Interest Rates*Up to Rs.3.00 lakhs :7.00% ( under Interest subvention scheme of GoI)
*Above Rs.3.00 lakhs to Rs.5.00 lakhs : @ BR+3.00+0.50
* Greater than Rs.5.00 lakhs : @ BR+3.50+0.50
RepaymentOn getting the yield or 6 months / 1 year after the sanciton of loan. Loan amount to be paid within 2 months from the date of harvest
SecurityLoans upto Rs 100000/- : Hypothecation of Standing Crop.
Loans above Rs 100000/- : Third Party Guarantee + Equitable Mortgage of agricultural land.
* BPLR and BASE RATE - Available in Home Page 



 
icon : Branch Network Branch Network
icon : Internet Banking Internet Banking
icon : ATM Network ATM Network
icon : IndMobile Banking Mobile Banking
icon : Phone Banking Phone Banking
icon : Credit Cards Credit Card
icon :  Debit Cards Debit/ATM Card
icon : Prepaid Cards Prepaid Cards
  Newsroom  
 » Notifications
 » Deposit Rates
 » Lending Rates
 » Service Charges / Forex Rates
 Products Palette
 » Educational Loan
 » Wealth Management Services
 Info
 » Basel-II Disclosures
 » Right to Information Act
 » Customer Centric Services
 » Best Practices Code
Press-Release  |  Tenders/Bids/Auction  |  Careers  |  Downloads  |  Disclaimer  |  Feedback  | Online Customer Complaints (SPGRS)