For all Farm Credit, farm development, infrastructure, ancillary (Food & Agro processing), agri & allied activities as identified by RBI, GoI. And, any of the purposes as classified under Agriculture PSL as per Master Directions FIDD.CO.Plan.BC.5/04.09.01/2020-21 or the latest available from RBI.
Salient Features
Minimum 0.5 acres of owned agriculture land is required.
No Minimum Land is required for food processor.
Attractive Rate of Interest
Flexible repayment [Monthly/quarterly/ half yearly] based on cash flow
Loan Amount
Overdraft: Up to Rs. 10 Lakhs
Term Loan: Up to Rs. 10 Lakhs
Loan Tenure
Working capital: 60 months - Renewal of limit at the end of tenor subject to satisfactory conduct.
Term loan - 12 months to Maximum 60 months.
Pre-sanction Document
KYC
Latest updated passbook/bank statement
Application form
Passport size photographs.
Cropping pattern declared by the customer or equivalent document.
Copies of land records regarding lands owned/leased as certified by revenue authorities (latest possession certificate/tax receipts etc, wherever applicable).
Original/certified copies of the title deeds and other required documents whenever landed property is offered as security/where developments are proposed to ascertain it is free from encumbrance. Encumbrance certificate, if applicable.
