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Purpose / ObjectiveTo enable the farmer to purchase farm assets based on his requirements including agri / allied activities.
EligibilityAll farmers.
Amount of Loan20% of the maximum permissible limit (MPL) as a term loan subject to,
(i)A maximum of RS.50000 where activities do not generate any direct additional income (OR)
(ii)maximum of Rs.2.00 lakhs where activities generate direct additional income.
Interest RatesFor Crop Loans :
Amount Slab(Rs. in Lakhs) Interest Rate
Upto 3.00 7%
>3.00 to 5.00 BPLR + 0.50%
>5.00 BPLR + 1.00%

For Term Loans :
Amount Slab(in Lakhs) Interest Rate
Upto 0.50 BPLR + TP less 1.75%
>0.50 to 2.00 BPLR + TP less 0.50%
>2.00 to 5.00 BPLR + TP + 0.50%
>5.00 BPLR + TP + 1%

Repayment3-5 years.
SecurityHypothecation of crops / additional security / third party guarantee.
* BPLR and BASE RATE - Available in Home Page 



 
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