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| Crop Loan |
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| Features | | | | Forms & Documents | | | | FAQs | | |
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| CROP LOAN |
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| The crop loan is provided to meet all expenses involved in raising a particular crop including various agronomic practices. |
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| Eligibility:- |
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| Farmers cultivating owned/Registered leased lands/share croppers. |
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| Quantum of loan:- |
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| As per the scale of finance fixed by the Technical Committee of each district. [Depending on merits of each case, branches may sanction crop Loans 35% more than the scale of finance fixed by district technical committee. In other cases where scale of finance is not specified, the branch will work out the credit requirements of the farmer. |
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| Margin, I.E. YOUR SHARE:- |
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| Where loan limit is fixed based on scale of finance approved by Technical Committee, irrespective of loan amount - Nil
For others: [where scale of finance is not approved]
Up to Rs. 1,00,000/- - Nil
Above Rs.1,00,000/- - 10% to 15%
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| Rate of Interest:- |
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Please contact the nearest Union Bank branch for details
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Repayment:- Repayment period will be less than one year for all crops except in the case of long duration crops such as Sugarcane [adsali], Pineapple, Banana etc where it will be 12-18 months.
Security:-
- Up to Rs. 1,00,000/- DPN, Hypothecation of assets created and crops.
- Over Rs. 1,00,000/- DPN, Hypothecation of assets created and crops, mortgage of land &/or third party guarantee.
Insurance:- All eligible crops will be covered under National Agricultural Insurance Scheme [Rashtriya Krishi Bima Yojana]. | | |
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- Up to Rs. 1,00,000/- DPN, Hypothecation of assets created and crops.
- Over Rs. 1,00,000/- DPN, Hypothecation of assets created and crops, mortgage of land &/or third party guarantee.
To download the application form, please Click Here
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| 1. What crops will be covered under this scheme? |
| All agricultural crops will be covered under this scheme. |
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| 2. Who can apply for this loan? |
| All farmers, registered leasee, share croppers can apply for this loan. |
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| Quick Links |
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 | | Link To: Union White Card |
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