Agriculture Loan

This Loan product may be divided broadly into two Categories:

• Crop Loan, and,
• Loan for Farm and Farm allied activities.

Eligibility:

Any member of the concerned Primary Agricultural Co-operative Society (PACS), who has a valid Credit Limit, may enjoy the Crop Loans in the form of KCCs from his/her own society, which is later on refinanced by this Bank to facilitate the Rural Farmers to produce their crops.

And for the Loans for Farm and Farm allied activities, any individual who is either a member of any of the Affiliated Societies, or a nominal member of the Bank, may receive finance for Farm and Farm allied activities such as:

• Minor irrigation
• Farm mechanization
• Betel vine
• Floriculture
• Animal husbandry
• Pisciculture/Sericulture/Horticulture/Plantation/Social Forestry/ Agri Hub etc.
• Any sponsored scheme by the Govt. of West Bengal/Govt. of India or by NABARD

Rate of interest:

As may be decided by the Bank from time to time, at present, for crop loans, the lending rate from the Bank to the Societies is 5% and from the Societies to the Farmers is 7%. In other cases, the Bank may decide the rate of interest from time to time.

Repayment:

The crop loans shall be repayable within 1 year, subject to the crop loan rules framed by the Govt. of West Bengal.

For the Farm and Allied Activities, the repayment term may be decided by the Management of the Bank depending upon the Project.

For further Detail of the Schemes, please visit the Nearest Bank Branch.