Table of Contents
Eligibility
- All Farmers Individuals / Joint who are owner cultivators.
- Tenant Farmers, Oral Lessors & Share croppers.
- Partnership firms / Pvt. & Public Company Ltd. Companies engaged in Agri. Or allied activities.
- SHG / JLGs of farmers including Tenant farmers & share croppers.
- Registered GPA holders of farmers.
Components for Advancing Credit
- Short term credit for crop cultivation including post-harvest marketing expenses.
- Consumption requirement.
- W/c for maintenance of farm assets, W/c for allied activities.
Fixation of limit
Scale of Finance X Area cultivated
- 10% limit for post-harvest / consumption
- 20% for maintenance of farm assets
- Crop Insurance + PAIS
Above shall be counted for 1st year.
For 2nd, 3rd, 4th & 5th years : Limit for previous year + 10% increase subject to Scale of Finance.
Repayment
- Tenable for 5 years subject to Annual review.
Security Norms
- Up to Rs.200000/- – Hypothecation of crops created out of loan
- Hypothecation of crops
- Charge creation in Bhoomi
- Above Rs. 2.00 lakhs
- Hypothecation of crops
- Mortgage of Land
- Above Rs. 2.00 lakhs : SMT / EMT along with the above said norms
PAIS (Personal Accident Insurance Scheme)
- Mandatory for upto 70 Years
For More details Check Here
