Agricultural Term Loans (ATL)

Who are eligible for Term Loans :

All categories of farmers and agricultural labourers are eligible.

Loan Amount :

Upto Rs. 50,000/- 100 % of the cost of the asset / project cost is provided as loan. Above Rs. 50,000/- upto 85 % of the cost of the asset/project is given as loan.

Documents you need to provide :

For activities like purchase of bullocks etc there is no need for any documents. For larger amounts of loan, estimate/quotation/project report will be called for . For land based activities you need to produce the land records. For loans above Rs. 25,000 no dues certificate from the banks operating in the area will be required.

Security

• Where movable assets are not created(eg.Dugwells, development of land etc.
1. Upto Rs. 10,000/- Personal Guarantee
2. Above Rs. 10,000/- i. Personal Guarantee ii Mortgage of land
• Where movable assets are created (pumpset, pipeline etc.)
  1. Upto Rs. 50,000/-Hypothecation of the asset created
  2. Above Rs. 50,000/- to Rs. 1 lac- i. Hypothecation of the assets created ii. Mortgage of land or third party guarantee
  3. Above Rs. 1 lac- i. Hypothecation of the assets created ii. Mortgage of land