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Purachase of Estates / Orchards Growing Traditional Plantation Crops

Particulars Guidelines under the scheme
Purpose For purchase of estates growing traditional plantation crops viz. coffee, tea, rubber, cardamom, cashew, pepper, coconut and other perennial orchard crops.

Eligibility

  • The borrower should be engaged in agriculture activity as 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 Estate 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.
Quantum of Loan -
Nature of facility -
Rate of Interest
  • As per RBI/Bank’s guidelines revised from time to time.
Margin
  • 50%
Repayment Period
  • The loan should normally be repayable maximum within 7 years excluding moratorium period
Subsidy -
Security
  • Mortgage of the property to be purchased & hypothecation of plantation crops raised on the land / Estate.

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