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Purpose
Eligibility
Small Farmers & Marginal Farmers / other farmers/Individuals/Corporate entrepreneurs /Association of persons/Companies who possess adequate experience in the line and are desirous of taking up the activity on commercial basis.
Nature of Facility
Term Loan only
Margin
Quantum of loan
As per NABARD unit cost & guidelines subject to economical viability of the project.
Security
Hypothecation of asset created out of bank finance.
Repayment period
Term loan to be repaid in monthly/quarterly/half yearly/yearly instalments in maximum 7 years with moratorium period of maximum 12 months.
Forms & Documents
Appropriate DPN note, Letter of continuity, Hypothecation of agreement, Deed of guarantee ,Declaration/undertaking for Agriculture advance, Mortgage deed , Letter of general lien and setoff , Undertaking from borrower /Guarantor for disclosure to CIBIL and any other document stipulated in sanction.
Rate of Interest - Please click here to know our latest interest rates
Conditions apply
For more details please contact our nearest branch