Agricultural Jewel Loan Scheme

Features :

• Easy and hassle-free loan process.
• Convenient repayment schedules.
• Low interest rates
• Processing charges and Jewel appraiser charges apply.
• No hidden charges.

Purpose / Objective :

• To meet the short term credit requirements for Crop cultivation, repairs of  farm assets, allied activities like Dairy, Fisheries, and Poultries, purchase of inputs like fertilizers, pesticides, seeds , repayment of debt taken from non-financial institutional lenders etc.

Eligibility :

• All individual farmers

Quantum of Loan :

• Agri Jewel loan Products – 85% of Market value of Gold Jewels pledged (or) Scale of finance / unit cost for approved by DLTC / NABARD whichever is less.

Repayment Period :

• 12 Months

Rate of Interest :

• Please refer the Lending Rates link on home page in our Bank’s Website www.indianbank.in.

Documents Required :

• Duly filled in application form.
• Proof of agriculture land in the name of the applicant and proof for cultivating the crop.
• Identity proof- Voter ID card / PAN card / Passport / Aadhaar card,/Driving License etc.
• Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc.

*MCLR rate available in Home page