Jewel loan - Agriculture

Jewel Loan granted for Agriculture purposes such as Crop loans, Development loans, Dairy, poultry, fisheries and other agriculture & allied activities are called as ‘Jewel Loan - Agriculture’.

Features :-

  • All kinds of agriculture loans.
  • Obtention of copies of documents such as Chitta, Adangal, Tax receipts, Sale agreement Deed/ Lease agreement etc. is waived up aggregate Loan amount of Rs.1 lakh.
  • Maximum loan amount - No restriction- depends on the Scale of Finance/ unit cost

Eligibility :-

  • All Farmers - Individuals / Joint borrowers who are owner Cultivators.
  • Tenant Farmers and Share Croppers.
  • SHGs or JLGs of Farmers including Tenant Farmers / Share croppers, etc.

Terms :-

  • Minimum Loan amount is fixed at Rs.3000/-.
  • Maximum Loan amount is fixed as Rs.10 lakhs per borrower. Regional Manager can permit higher amount duly recording the reason and justification therefore.
  • Due Date of the Loan is 12 months regardless of the nature of Crop or the purpose.
  • The maximum lendable per gram rate for 22 carat Gold Ornaments will be instructed by H.O on daily basis.

Interest :-

  • MCLR (1 Year – 8.45%) + Risk Premium (NIL) + BSS (NIL) i.e., 8.45% p.a. (Presently)

Fees & Charges :-

  • Handling charges, Inspection charges, Safe-keeping charges & Appraiser fee may be applicable.