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Long Term Credit
Purchase of Land for Agricultural

  • The scheme aims at providing term loan to small marginal farmers including share croppers /tenant cultivators to purchase agricultural land as well as fallow and wasteland production/ to develop and cultivate it with a view to increase production/ productivity and also enables them to diverse the present activities and take up allied activities.
    • Small and marginal farmers i.e., those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including the land to be purchased.
    • Entrepreneurs with agricultural background are also eligible (Provided State laws permit purchase of agriculture lands by non-agriculturists).
    • Share' croppers / tenant farmers cultivating upto 2.5 acres of irrigated land or 5 acres of unirrigated land as the case may be.
    • The total land holding of the borrower after the purchase of the .land under the scheme should not exceed 2.5 acres of irrigated land or 5 acres of non-irrigated land or equivalent.
    Quantum of Loan & Ceiling
    • The quantum of loan will depend upon (i) valuation as assessed by the Branch (ii) Guidance value/Circle rate fixed by the State or (iii) the registration value whichever is lower, plus value of stamp duty, registration charges for sale / mortgage deed. Maximum amount Rs. 10.00 lakhs
    Interest Rate:
    Repayment Period:
    • Loan is to be repaid in 7-10 years in half yearly / yearly installments including a maximum moratorium period of 24 months.
    Documents to be produced by the applicant
    • Copies of land records regarding land owned and to be purchased, certified by the concerned Revenue authorities
    • No due certificate from Co-operative Credit Society / Commodity Boards Financial Institutions. This can be waived provided sanctioning authority is satisfied that the applicant does not have Liability with society / financial institutions for loans upto Rs. 1 lac.
    • Documents of title and other relevant documents to establish the right over presently held landed property as well as lands to be purchased is to be produced.
    • Copy of sale agreement if entered into or offer letter by the vendor.
    • Simplified application for loans upto -Rs. 3 lakhs
    • The applications /documentation as applicable to agriculture Term loans as per respective Bank's guidelines
    Processing /Inspection Charges
    • Up to Rs.25000/- Nil
    • In other cases it may be at the discretion of the Banks
    I Anup Kumar Das, Son of Late Jiban Krishna Das, residing at Vill.- Paschim Nandabhanga, P.O.- Bakhrahat, P.S.- Bishnupur, Dist.- South 24-Parganas, West Bengal
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