Land leveling, reclamation of soil, bunding and any other soil conservation measures
Eligibility
Farmers owning land
Farmers cultivating registered leased land
Quantum of finance
Quantum of loan will depend on the estimated cost of the project. The nature of treatment and material required per unit of land.
Security
Principal/Collateral:
Loan limit upto Rs.1.60 lakh
Term Loan Agreement
Loan limit above Rs.1.60 lakh
Term Loan Agreement
Mortgage of land or declaration as per Agril. Credit Act or Collateral Security of adequate worth.
Third Party Guarantee.
Margin
Loan upto Rs.1.60 lakh - Nil
Loan over Rs.1.60 lakh – 15% to 25%
Rate of interest
Interest Rates as decided by the Bank from time to time.
Repayment
The loan is to be repaid within 9 – 15 years in half yearly/ yearly installments depending upon the loan amount and income of the farmer from various sources with moratorium period upto 23 months.
