| Purpose / Objective | To enable the farmer to purchase farm assets based on his requirements including agri / allied activities. |
| Eligibility | All farmers. |
| Amount of Loan | 20% 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 Rates | For 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% |
|
| Repayment | 3-5 years.
|
| Security | Hypothecation of crops / additional security / third party guarantee.
|
| * BPLR and BASE RATE - Available in Home Page | |
