Loans for development of fruit orchards like mango, chikoo, Guava, Grapes, pomegranate, apple, lechee etc., as well as short term fruit crops (banana, pineapple etc.), flowers in open and green houses (roses, carnation, chrysanthemums, jasmine etc.) and vegetable crops (potato, tomato, brinjal, gourds, peas etc.) are financed.
Who are eligible for Term Loans :All farmers having cultivable lands.
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. For short term loans the loans are given under our crop loan / Kisan Credit Card scheme and the terms applicable under these scheme are applicable for these loans. Other requirements for long term loans are given below.
Documents you need to provide :- Water and soil test report.
- A feasibility certificate from the local horticulture department.
- Land records.
- Quotation / estimates for the costs to be incurred.
- If the project is large then a project report .
- Hypothecation of assets created
- Mortgage of land or third party guarantee
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