What’s New

Agricultural Land Purchase

Purpose:
The objective of the scheme is to finance the Farmers to Purchase Agricultural Land connected to crops such as Paddy, Arecanut, Cocunut Etc.

Eigibility:
Farmers those who have Agricultural Land.

Maximum limit and Margin:
Maximum amount of loan is restricted to 3 times of his present annual income from agricultural land and other certified/approved source or 75% of the purchase value or valuation of the land whichever is less. The maximum amount of loan is Rs.40 lakh.

Rate of Interest:
As decided by the bank from time to time.

Repayment Period:
Period of repayment will be 10 years.