TMB Banana Cultivation

Features and Benefits

The applicant may be owner cultivator/ share cropper /tenant farmer/ oral lessee. Composite term loans can be granted to farmers based on viability.
Crop Loan / KCC for meeting the Cultivation Expenses including Tissue Culture Seedling Cost.
Capital Investment Loan / Development Loan for Drip Irrigation, Land Bunding, fixing support sticks to Banana Plants, Well repairing, Motor Replacement, etc.
Composite KCC in combination of (i) & (ii) above.

Crop Loan : as per Scale of Finance fixed by the District Level Technical Committee with flexibility to exceed upto 70% of Scale of Finance.

Term Loan : 80% of Development Works / Capital Investment / Repairs, etc. Unit Cost fixed by NABARD should be observed.

Eligibility and Terms

Individual / Joint, Joint Liability Groups, Farmer Producer Organizations, Sole Proprietary Concerns, Partnership Firms, Trusts, Societies, Limited Companies and all legal forms of Organization.

Margin :-

As per RBI Guidelines no margin is required for Loans up to Rs.1.60 lakh;

For Crop Loans – Nil.

For Development Loans - 20%

Security :-

Primary : Hypothecation of Banana crops, Hypothecation of assets created out of the Loan.

Interest and Fees

Interest :

Click here to know about MCLR based interest rates.

Fees & Charges :

Processing Fees: 0.50% of the Loan Amount without any maximum cap, 0.25% on Annual Review of crop Loan.

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Features and Benefits

Eligibility and Terms

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Features and Benefits

Eligibility and Terms

Interest and Fees