Sunday 4 January 2009

Produce (Marketing) Loan Scheme

ELIGIBILITY :

Loan will be available only to those farmers who have availed themselves of crop loan/KCC facility/composite cash credit limit from our Bank only for raising the concerned crops in that season which should not be overdue for repayment.

NATURE & EXTENT OF FACILITY :

Short term loan. Maximum upto Rs.5 lakh. The loan would be twice the amount of crop loan taken by farmer or 75 per cent of the value of the produce calculated at the Government announced procurement prices, whichever is lower.

REPAYMENT OF LOAN :

Produce (Marketing) Loan shall be repaid within a maximum period of twelve months from the date of its disbursement.

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