South Malabar Gramin Bank Agricultural Loan

Hello, I want to know the details of the agricultural loan offered by the South Malabar Gramin Bank. Please provide me.

[Kiran Chandar]

Hello, here I am providing you the details of the agricultural loan offered by the South Malabar Gramin Bank as under:

About the loan:
The scheme aims at adequate and timely financial support to the farmers for meeting the short term needs in crop production including allied activities, in a flexible and cost effective manner.

Eligibility:
The farmer should be an owner cultivator.
The beneficiaries under the scheme will be issued with a Credit-cum passbook which will serve as an identity card.
To meet the short term needs of existing allied activities like purchase of feed, fodder, Veterinary care etc.
Krishi Card will be valid for a period of five years.

Rate of interest:
KCC
Upto Rs. 3 lakh 12
Above Rs. 3 lakh 13

Agri gold loan
Upto Rs. 3 lakh 12
Above Rs. 3 lakh 13

Produce Loan
Upto Rs. 3 lakh 12
Above Rs. 3 lakh 13

Amount of loan:
Upto a maximum of 25 lacs
Margin 25% of the project outlay

Repayment:
3 to 10 years including initial moratorium period of 12 to 18 months, depending on cash flow projections