Agri. Gold Loan

Eligibility

• All farmers: Individuals who are owner cultivators, Agri entrepreneurs.
• Min. Age 21 years.
• Tenant farmers, Oral lessees & Share croppers
• Person engaged in agri allied activities or engaged in activities permitted by RBI to be classified under agriculture.

Purpose

• The Farmer, engaged in agriculture, cultivating own and / or Leased land or engaged in cultivation of crops.
• Farmer in allied activities like Dairy, Poultry, Fisheries, Piggery, Animal Husbandry, beekeeping, sericulture and Sheep etc.
• Entrepreneurs and Farmers who needs investment credit for acquiring farm mechanization, undertaking land development, irrigation, horticulture, transportation of Agri produce or any kind of Agri. Related credit, pre and post-harvest activities (spraying, Harvesting grading and Transporting of their own Farm produce)
• Distressed farmers indebted to non- institutional Lender.
• Installation of stand-alone Solar Agriculture Pumps and for solarisation of grid connected Agriculture Pumps, installation of solar power plants on barren/fallow land or in stilt fashion on agriculture land owned by farmer.

• All other farming activities which are permitted to be classified under agriculture as per RBI/GoI/NABARD guidelines and not covered under the Agri interest subvention scheme.

Quantum of finance

• Min. Rs.25,000/- Max. Rs.10,00,000/-
• (Bullet Repayment Option: - Max. Loan amount will be Rs.2.00 lakh)

Margin

• DL (Repayment Base) – 25%
• DL (Bullet Repayment) – 35%

Security

• Pledge of gold ornaments / Jewellery.
• (Bullion/ Primary gold is not eligible for Loan)

Repayment Period

• For Bullet Repayment, Maximum Loan period will be 12 months.
• For Agri investment credit need/Term loan (p-segment), Maximum loan period will be 36 months.

Moratorium

• No Moratorium period

Rate of Interest

Processing Charge/Upfront Fee