Agricultural Land Purchase
The objective of the scheme is to finance the Farmers to Purchase Agricultural Land connected to crops such as Paddy, Arecanut, Cocunut Etc.
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.
Period of repayment will be 10 years.
Terms and conditions apply