Nature of Loan - M T AGRICULTURE LOANS TO FARMERS
Rate of Interest - 3.00%
Installment/ Period - 5 Year
Details (Purpose) - Agri. allied activities Up to Rs.10.00 lakhs 3%. Above Rs.10.00 lakhs Interest rate 10.00%
The medium-term loan helps you finance expansion and establishment projects with the goal of increasing production capacity. It is the ideal solution to establish or replant orchards, vineyards and plantations. In addition, it is used to finance improvements to or the replacement of infrastructural requirements in the dairy, and other similar industries.
Benefits :The loan amount is limited for established farmers or farmers with proven financial track records The type of farming enterprise and the economic lifespan of the asset will determine the flexible repayment term You can get finance for both your capital outlay and initial production costs Capital repayments may be suspended for a limited period at the beginning of the repayment term