- Longer repayment terms
- Attractive Rate of interest.
Security
The land purchased out of bank finance to be mortgaged in favour of the Bank
TAT
Upto Rs.160000/- | Above Rs.160000/- |
---|---|
7 business days | 14 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- The objective of the scheme is to finance farmers to purchase, develop and cultivate agricultural as well as fallow & waste lands.
- Establishing/ diversifying into other allied activities.
Quantum of finance
- Depends on area of land to be purchased and its valuation and also development cost
- The last 5 years average registration value available with the Registrar/ Sub-Registrar of the areas and a view taken by the Bank
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Small & marginal Farmers i.e. those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme. Share Croppers and tenant farmers can also be eligible under the scheme.
- Women/ SHG members
- Purchase of land within the village boundary or in a radius of 3 to 5 kms. allowed
Before applying you must have
- KYC documents (identity proof and address proof)
- Income related documents
- Statutory permissions
- Complete details of the project proposal
- Documents related to land proposed to be purchased.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch