#1
16th February 2017, 05:26 PM
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SBBJ Gold Loan Scheme
Hi I want to take the gold loan from the SBBJ so can you please tell me the details for the SBBJ-AGRI gold loan scheme that is the eligibility and the quantum of loan ???
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#2
17th February 2017, 04:01 PM
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Re: SBBJ Gold Loan Scheme
Well the SBBJ-AGRI gold loan scheme is for purchase of inputs, to meet expenditures incurred for raising crops or for creation of assets to be used in farming operation or for allied activities like Dairy, Poultry, Fisheries etc. Eligibility Loans upto .1.00 lac to small & marginal farmers, landless labourers, oral lessees & share croppers on declaration basis Provided the sanctioning authority is satisfied that the funds are for raising crops. For loans above`.1.00 lac proof of farming activity required. Quantum of loan Not higher than the advance value of gold ornaments/coins subject to maximum of `.15.00 lac. Interest Rate At half yrly. Intervals as per rates prescribed for agricultural advances. In case of gold loan for crop production purpose RoI would be 7% upto `.3.00 lac. For other agricultural allied activities & indirect agricultural loans RoIwil be (i) upto `.3.00 lac – 1.50% above Base Rate and (ii) Above `.3.00 lac – 2.50% above Base Rate. Repayment Tenure For Cash Credit / Over Draft: As KCC, subject to review at annual intervals. Outstanding in the loan account should never exceed the market value of ornaments/coins, at any point of time. For Demand Loan / Term Loan: Repayment should coincide with the harvesting & marketing with a 2 to 3 months grace period after harvesting, Total period will generally not exceed one year from disbursement for short term production credit loans & 36 months in other cases. |