|Purpose / Objective||Short term production needs / working capital needs for agriculture, allied activities and consumption needs of farmers.|
|Eligibility||Farmers who need loan of Rs.25000/- and above against the pledge of gold ornament alone are entitled for SOD.
|Amount of Loan||Presently Rs.750 per gram (or) 70% of the market value of the jewels to be pledged whichever is lesser.
|Amount Slab(Rs. in Lakhs)
|>3.00 to 5.00
||BPLR + 0.50%
||BPLR + 1.00%
|Repayment||* Interest should be charged and paid every half year.
* Account to be reviewed once in 6 months and renewed once in a year.
|Security||Pledging of jewels.
|* BPLR and BASE RATE - Available in Home Page|| |