ESAF KISAN JYOTI (Overdraft/Term Loan)
Purpose
To meet the post-harvest expenses, value addition to agriculture produce, maintenance of farm assets, farm development activities, purchase of land for agriculture purposes by SF/MF farmer and consumption requirements of the individual farmers/joint borrower/s who are owner cultivators, engaged in agriculture and other agri related/allied activities.
Salient Features/Terms and Conditions
- Minimum 1 acre of owned agricultural land is required
- Maximum loan amount of up to 1 crore/borrower
- Flexible repayment [quarterly/ half yearly / annually] based on cash flow
Loan Tenure
The validity period of ESAF KISAN JYOTI is 3 years for an Overdraft Loan and 5 years for a Term Loan.
