Agricultural loans are any loans that are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, purchase of land or agricultural tools. While seasonal agricultural operations routine activities like include preparing and ploughing land for sowing, weeding, and transplantation where necessary, buying inputs such as fertilizers, seeds, insecticides etc. and engaging labour for cultivating and harvesting the crops.
In addition purchasing of land, or purchasing of agricultural tools, storage of produce and transport also are included under purview of agricultural loans.
Photo Identity, Address proof & income papers of Borrower and both guarantors.
|TYPE OF LOAN||RATE OF INTEREST (%)||PERIOD (YEARS)|
|Agricultural Loan||14||5 to 7|
|PashuDhan Loan||14||3 to 5|
|Agricultural Vehical Loan||14.50||5 to 7|
|Other Agriculture Related Loan||13.50||5 to 10|