|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.
|Interest Rates||For Crop Loans :
|Amount Slab(Rs. in Lakhs)
|>3.00 to 5.00
||BR + 3.00+0.50%
For Term Loans :
|Amount Slab(in Lakhs)
|>0.50 to 2.00
|>2.00 to 5.00
|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|| |