To finance purchase of land for Agriculture Purposes.
Small & Marginal Farmers, Tenants and Share Cropper owing 5 acres of non-irrigated land or 2.5 acres of irrigated land including the land to be purchased.
Amount of Loan:
Maximum Rs.10 lacs.
Mortgage of land purchased out of Bank Finance
Upto Rs. 1.00 Lac - NIL
Above Rs. 1.00 lac - 10%
Rate of Interest
Up to Rs. 5.0 lac
Above Rs. 5.0 lac
Loan is repayable in 7 to 12 years in HY/Yearly installments including Moratorium of Max. 24 months.
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