Agri Loans
Agri Loons are diso known as Agricultural loans, Agricultheal loans are offered to a farmer to fund seasonal agricultural operations or related actions like animal farming, aquaculture or purchase of land or agricultural tools. This Agri loan is used to buy inputs such as fertilizers, seeds, insecticides etc.
Features of Agricultural Loan:
- End-use Flesibility. Agricultural loon will be offered for farmers to meet a variety of expenses associated to form activities, such as to buying new farmland/ cattle or to meet the operating costs and other allind
- activities Various Types There are many types of agricultural loans based on enit use as wat as the repayment tanure.
- Minimal Documentation: Usually, with very minimal documentation, this agricultural loan can be offered to farmers.
- Collateral Optional: Secured and unsecured agricultural loans can be avalled based on customer profile
Types of Agriculture Loans:
- Crop Loan/Kisan Credit Card (Ratoll Agri Loan): Kisan Credit Card/Kison Cord is well suited for agriculture loan option to meet short term credit requirements, such as expenses resulting from cultivation of crops, post-harvest activities, maintenance of form equipment, etc. This cord is usually available in the form of an electronic RuPay Cord in which the formars con draw money from ATMs to do the essential purchase, It offers convenient credit to meet farmers daily farm requirements
- Agriculture Term Loan. This type of agriculture loan is well sted for long term loans of up to 48 months affered by severol lenders to meet agricultural expenditures which are generally not seasonal in nature. The agricultural loon amount can be utilized for buying new machinery or upgrado existing onet, install solar power, windmills, etc. Bonks will provide an option to repay the amount in a tenure of 3 to 4 years for this loan. So, farmers con repay the amount in monthly/bi-annust/yearty instorments as per the borrower’s whats
- Solar Pumpset Loan This agricultural loan can be avalled for the buying of photo voltaic pumping system for small inigation projects. it is usually a long term loan with repayment tenure ure of up to 10 years
“Terms & Conditions