ESAF Farmer Interest Group Loan
Product Name
ESAF Farmer Interest Group Loan
Purpose
This product is to serve the requirement of small loans for agriculture and allied-agriculture purposes.
Interest Rates
- Upto MCLR + 5.25%
Other Charges
Processing Fee ( for loans above Rs 25K)
1.5%+GST
Salient Features / Terms & Condition
The following are the Target Segment:
i) Small and Marginal farmers, including landless farmer/tenant farmers/share croppers
ii) Both Men and women eligible
iv) Only 1 member per family is allowed, wherein family is defined as members residing in same residential address
Loan Tenure
Up to 35 months.
Loan Documentation
- FIG Loan application form
- Accepted sanction letter & loan schedule
- Inter-se agreement
- Statutory declaration and declaration for on-boarding electronically
- Proof of agriculture/ allied activities
- KYC documents
