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Purpose |
To augment flow of credit to farmers, especially small, marginal, tenant farmers, oral lessees, share croppers and individuals taking up farm activities. |
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Eligibility |
Joint Liability Groups of Small and Marginal Farmers, Tenant Farmers, Oral Lessees, Share Croppers and Individuals taking up farm activities. |
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Nature of facility |
CC |
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Limit |
For individual member of the group – Maximum Rs1.00 lakh. For JLG as a group – Based on the available cultivable area of each member of the JLG and the activity undertaken, maximum Rs5.00 lakh per group. |
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Margin |
On loans uptoRs1 Lakh : Nil On loans above Rs1 Lakh : 10% |
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Security |
*Charges on crops/ assets created out of bank finance/ pledge of warehouse receipts, depending upon the purpose of the loan. |
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Interest Rate |
As applicable to agricultural advances. |
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Repayment |
Depending upon duration of crop and realization of sale proceeds. |
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