Loan for Agricultural and allied activities

Purpose

Agricultural Allied loans are provided for farmers involved in allied agricultural activities such as animal husbandry, dairy farming, piggery, poultry, bee-keeping, and more. This is a quick and easily available loan for starting up or developing agri-allied businesses. The Agricultural Allied Loan is sanctioned for the purpose of:
  • Meeting working capital requirements of agri-allied businesses
  • Farm mechanization
  • Infrastructure construction (sheds, store, farmhouse, tanks, etc…)
  • Purchase of land

Eligibility

Eligibility:
  • Agri-allied business - Individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned /rented/leased sheds
Documents Required:
  1. Application Form
  2. Passport size photo of the applicant
  3. ID and Address proof (Driving License / Aadhar Card / Passport/….)
  4. Proof of owning or leased fishing vessel, land, etc., duly certified by the competent authorities.
  5. Proof of poultry/fishery/dairy/pig rearing/sheep rearing/ goat rearing activity.
  6. Any other documents required

Interest Rates & Charges

Up to One Lakh with One Year Duration @ 7% Interest Rate