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Agricultural Jewel Loan Scheme

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

  • Bumper Agri Jewel Loan – 85 % of Market value of Gold Jewels pledged (or) Scale of finance / unit cost for approved by DLTC / NABARD whichever is lower.
  • Other Agri Jewel loan Products – 70 % of Market value of Gold Jewels pledged (or) Scale of finance / unit cost for approved by DLTC / NABARD whichever is less

Repayment Period

  • Bumper Agri Jewel Loan : 6 Months
  • Other Agri Jewel loan Products: 12 Months

Rate of Interest

Bumper Agri Jewel Loan 8.50% Fixed
Other Agri Jewel loan Products: 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

( Last modified on Apr 09, 2020 at 05:04:59 PM )