Purpose | To meet their day to day financial obligations arised due to outbreak of Covid-19. |
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Eligibility | All existing agriculture loan borrowers. |
Target Group | Small/Marginal/Other farmers |
Scale of finance | A) For Horticulture Crop Rs.25,000/- per acre subject to maximum of Rs.2,50,000/-. B) For field crops: a. Rs.15,000/- per acre of irrigated land subject to maximum of Rs.1,50,000/-. b. Rs.10,000/- per acre of dry land, subject to maximum of Rs.1,00,000/- |
Rate of Interest | 13.00% pa& OD @15.00%pa |
Repayment Period | Three to five yearly installments to coincide with harvesting/marketing of agriculture produce. |
Interest | Interest will be capitalized half yearly. Interest shall be recovered along with installment. |
Security | Banks existing charge on landed property to continue. |
Co-oblignat/ Surety | Creditworthy customer shall be obtained. |