Maharashtra Gramin Bank Agricultural Loan

I want to apply for Gold Loan Scheme Agriculture in Maharashtra Gramin Bank so can you provide me the details of loan?

[pawan]

The Maharashtra Gramin Bank offers Gold Loan Scheme Agriculture to enable farmer to quickly meet their agricultural credit needs i.e both crop production / cash credit for allied agricultural activities & investment credit

Gold Loan Scheme Agriculture

Purpose

To enable farmer to quickly meet their agricultural credit needs i.e both
crop production / cash credit for allied agricultural activities & investment
credit

Type of Loan

A] i) Cash Credit for Crop Production- in the form of MKCC
ii) Cash credit for allied activities
B] Term loans

Eligibility

Any person engaged in agriculture or allied activities.

The applicant should satisfy the KYC guidelines

Amount -

A] i) MKCC against Gold- As per Scale of Finance of crops
ii) CC for allied activities- As per actual credit requirement
B] Agricultural Term Loan- As per actual credit requirement

75% of market value of gold (for MKCC) & 60% of market value of
gold (for TL)

Maximum permissible limit under the scheme is Rs3.00 Lakh
(aggregate limit for MKCC+CC Allied +TL Agri) **Out of 1,2,3 above
whichever is lower

Rate of Interest -

MKCC: 7% p.a. (fixed) upto Rs 3.00 lakh under interest subvention scheme upto one year.

Cash credit for allied activities: As applicable to agricultural advances.

Term Loans: As applicable to agricultural advances.





Contact-

Bank of Maharashtra
Central Office, Lokmangal,
1501, Shivajinagar Pune-411005

Telephone Numbers : 020 - 25532731, 733, 734, 735, 736
020 - 25532728
020 - 25514501 - 12
020 25513781