|Purpose / Objective||To enhance credit facility to the registered cane growers for investment credit requirements of farm activities besides crop loan.|
|Eligibility||Farmers supplying cane to reputed sugar Mills for the past three years. Term loan should also be recommended by the Mill.|
|Amount of Loan||* Crop Loan: 60% of the value of the estimated produce or Rs.20,000/- per acre whichever is lower.|
* Term Loan: Maximum or Rs.15,000/- per acre. Ceiling of Rs.1 lakh per acre for taking up various developmental activities like deepening of well etc.
|Upto 3 Lakhs
||Please refer the Lending Rates link on home page in our Bank`s Website.
|Repayment||Crop Loan: Bullet payment within a period of 15 months max.|
Loan: To be repaid in 3 crop seasons.
|Security||a) Upto RS.2.00 lakhs. Guarantee from two tie-up farmers who have registered with sugar mills.|
b) >Rs.2.00 lakhs – Additional security collaterals as per guidelines.
|* BPLR and BASE RATE - Available in Home Page|| |