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Overview

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 and Benefits

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 and Terms

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 and Fees

Interest :

• Click here to know MCLR based interest rates.

Fees & Charges

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