• To meet the production, investment and consumption needs of the farmer, i.e. cultivation of crop, purchase of farm equipments, etc., allied activities and consumption needs like marriage, medical treatment, education, etc.
• To cover farmers having proven track record and also new farmers who are either not availing any loan or if availing finance from some other Bank, can be taken over if the repayment record is clean and their existing loan account is standard asset. Alternatively they can close their account with their existing Banks and switch over to us.

• Loan amount will be fixed on the basis of 5 times of annual farm income or 50% of the value of land mortgaged, whichever is less, subject to maximum limit Rs.10.00 lakh.
• Farmers can avail finance for educational needs of his ward up to 50% of the sanctioned amount   - maximum Rs. 2.50 lakh (whichever is lower) within the overall sanctioned limit.
• For other consumption purposes, loan will be restricted to 20% of the sanctioned amount or Rs.50, 000/- whichever is lower.

In other cases, 5% to 15% margin to be brought by the borrower depending upon purpose.

• D.P. Note
• Simple Loan Agreement
• Hypothecation of combine harvester/tractors/power tillers and other machinery
• Hypothecation of Crop
• Simple/Equitable Mortgage of the agricultural land/other land/building/farm house, etc.

To download the application form, please click here