Loans can be considered for both working capital and term loan for any agricultural /allied activity as per our various schemes under agricultural finance.
Loans can be considered for both working capital and term loan for any agricultural /allied activity as per our various schemes under agricultural finance.
Quantum of Loan | Loans upto Rs. 15000/- for agricultural purpose and Rs. 20,000 for housing purpose, can be granted underthe scheme either in the form of working capital or term loan |
Margin | Nil |
Security | Hypothecation of moveable assets created out of Bank finance will form the security for this loan. |
Other Conditions | Simple rate of interest at 4% p.a. should be charged for the loan |
Repayment Period | To be repaid within 36 months without any repayment holiday and interest is to repaid along with installment. |