Land Purchase Scheme

Purpose

Loan to small and marginal farmers / landless labourers for purchase of agricultural land.

Eligibility

• Small/marginal farmers, tenants, share-croppers owning less than 5 acres of unirrigated Land.
• 2.5 acres irrigated land in their own name .
• landless agricultural labourers, with record of prompt repayment of loans, are eligible to avail this loan.
• Own land before and after purchase should not exceed 5 acres unirrigated / 2.5 acres irrigated land.

Loan Amount

• Maximum loan amount under the scheme will be Rs.5 lac.
• A farmer will be required to contribute minimum 15 percent of total cost as margin from his own resources.

Security

Land to be purchased with Bank finance will be mortgaged as security. No other security will be insisted upon.