Agriculture Loan
1. KCC ( Kissan Credit Card):
- Purpose: Kissan Credit Card is issued to the farmers to meet the cultivation expenses for all crops through societies and bank branches as per scale of finance fixed by SLTC.
- Term : 12 Months.
- Maximum Limit : No maximum limit fixed. KCC loans will be issued as per scale of finance.
- Security : Advances will be made on their own land holding documents.
2. MTL (Medium Term Loan):
(Medium Term Loan issued for Development of agriculture lands)
NABARD sponsored schemes as per state government order for the below mentioned schemes are advanced.
- Fencing
- Bore well.
- Generator, motor.
- Water Pond.
- Drying Yard.
- Drip irrigation/Sprinkler/IP set.
- Pipeline.
- Pump house
- Pulper unit /pulper shed.
- Processing Units
- Arecanut Peeling Machine.
- Godown.
- Tractor and power tiller.
- Dairy /poultary/fisheries /Animal husbandry/ allied activities.
- Purchase of agriculture equipment’s.
- Land Development/bunds/Retaining wall.
- Poly house.
- Other agricultural activities.
- For the following schemes general rate of interest will be charged.
- Farm House.
- Labour quarters.
Term : 5 Years for subsidy schemes,10 years for general loans
Security : Land documents And advances upto 70% of the project value.
LOAN RATE OF INTEREST
Agriculture Loan
| S.NO | LOAN TYPE | RATE OF INTEREST |
|---|---|---|
| 1 | KCC ( Kissan Credit Card) (0% upto lakhs) | 10 % |
| 2 | MTL (Medium Term Loan) (3% upto 10 lakhs) | 10 % |
| 3 | Agriculture development Loan | 10.50 % |