Purchase of Estates/Orchards Growing Traditional Plantation Crops

• Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
• Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
• No penal Interest shall be charged for loan up to Rs 25000/-
• Long Repayment period of 7 Years

For purchase of estates growing traditional plantation crops viz. coffee, tea, rubber, cardamom, cashew, pepper, coconut and other perennial orchard crops.

• The borrower should be engaged in agriculture activity as the owner of agriculture land, tenant farmers, oral leases, etc.
• The borrower should preferably have yielding estates and should be in a position to rejuvenate the state proposed to be purchased.
• The intending borrower should qualify the respective State Government norms of being agriculturist/satisfy the income criteria stipulated by the State Government.

• KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
• Passport Size photo
• Quotation/Invoice (if available)
• Land Records
• Project Report (if available)
• IT Return wherever applicable

• No penal Interest shall be charged for loan up to Rs 25000

• Processing charges:

  1. Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

• For Term Loan

  1. Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

• Inspection Charges:

  1. Agriculture exposure upto Rs. 3.00 Lakhs- Nil
  2. Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
  3. Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
• Above Rs 1 Crore - Rs 5000