|
Purpose |
* To help indebted farmers to redeem their outstanding dues of Money lenders, Pawn Brokers, Fertilizer and farm input Dealers, Middleman etc. |
|
Eligibility |
* Farmers who are indebted to Non-institutional lenders |
|
Nature of facility |
* Term Loan. |
|
Quantum of Limit |
*Maximum of Rs 1.00 Lakh |
|
Rate of Interest |
MCLR+1.35% |
|
UpFront Fee |
Upto Rs 3 Lakh/- : NIL Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625%) |
|
Period of loan |
* 5 years |
|
Security |
* Tangible security if any, pledge with the moneylenders |
