Agri Clinic Scheme

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Agri Clinic Scheme

Purpose of Loan

  • Agri Clinics are envisaged to provide expert advice and services to farmers on various technologies including soil health, cropping practices, plant protection, crop insurance, post -harvest technology and clinical services for animals, feed and fodder management, prices of various crops in the market etc which would enhance productivity of crops/animals and ensure increased income to farmers.

Features:

  • Type of Facility : Agriculture Term Loan
  • Quantum of Loan :
    • Individual activity - Rs 20 lacs (Rs.25 lakhs for extremely successful individual projects).
    • Group activity - Rs 100 lacs (Maximum).
  • Margin :
    • For loans up to Rs 5.00 lacs: Nil.
    • For loans above Rs.5.00 lacs: 15 - 25%
  • Interest Rate :MCLR +3.60 and applicable GST
  • Repayment : The loan is repayable over a period of 5 to 10 years inclusive of a maximum grace period of 2 years. The subsidy amount would be adjusted after liquidation of net Bank loan as the last instalment.
  • Processing Charges : 1.40% of the loan amount + GST

Eligibility:

  • Graduates in agriculture and allied subjects from State/Central Agricultural Universities/Universities recognized by ICAR/UGC.
  • Diploma in Agriculture and allied subjects from State Agri Universities.
  • Science graduates with post-graduation in Agriculture and allied subjects

Security:

  • Loan upto Rs.5.00 lakhs :
    • Primary: Hypothecation of assets created out of Bank Finance.
    • Collateral: NIL.
  • Loan above Rs.5.00 lakhs :
    • Primary: Hypothecation of assets created out of Bank Finance.
    • Collateral: Mortgage of land or suitable third party guarantee.

Documents Required :

  • Duly filled in application form
  • Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card/Driving License etc.
  • Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
  • Proof of agricultural land/ cultivation.



Last Updated On : Tuesday, 20-04-2021

Interest Rates

8.60%* p.a.

w.e.f. 26.01.2023

*T&C Apply.

 

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