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    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-8.90%) + Risk Premium (Nil) + BSS (Nil)i.e. 8.90% p.a. (presently)

    Fees & Charges :-

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