| Objective | To provide hassle free single-shot term loan limit to farmers through DCCB Branches for all term loan requirements like Farm Mechanization, Land Development, Minor Irrigation, Water conservation, Horticulture, Allied activities, Debt Swapping(in case of small and Marginal farmers only) etc., |
|---|---|
| Maximum Loan | Maximum of Rs.10.00 lakhs in Rural areas and maximum of Rs.15.00 lakhs in Urban areas |
| Eligibility Criteria | Farmers having minumum 1 acres or more than 1 acres of land are eligible to avail a loan of Rs. 3.00 Lakhs per acre or Tahashildar Registration Assurance (TRA) vaue whichever is less. |
| ROI | HDCCB to Direct Customers-9.50%, HDCCB to PACS-9.50%, PACS to Customers-11.00% |
| Repayment Period | 3-7 years(Monthly/Quarterly/Half-Yearly) |
| Documents Required | 1. Duly filled loan application along with latest 3 photos. |
| 2. KYC of applicant (Aadhar Card/ PAN Card/ Driving License/ Voter ID Card) | |
| 3. 13 Years Encumbrance Certificate related to mortgaged agricultural land. | |
| 4. SRO Valuation Certificate | |
| 5. Mortgage Deed executed in favor of Bank/ PACS. | |
| 6. Encumbrance certificate reflecting PACS/ Bank name. | |
| 7. Stamp Duty to be paid receipt of 0.50 % on sanctioned loan amount after exemption of Rs. 3.00 lakhs for small Farmers. | |
| 8. Branch Manager Appraisal report along with supporting income proofs. |
