Sunday 4 January 2009

Product Marketing Loan Scheme

Purpose :

The Bank extends financial assistance to help farmers storing produce in their own premises to prevent distress sale. This facilitates immediate renewal of crop loans for next season.

Who are eligible for produce marketing loan :

All categories of farmers

Loan Amount :

The loan amount will be 60 % of the value (minimum support price) of the produce stored. Produce Marketing Loan upto Rs. Five lakhs are given to farmers against pledge/hypothecation of agricultural produce for a period not exceeding 12 months.

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