||Guidelines under the scheme
||To finance the farmers to purchase, develop and cultivate agricultural and fallow/waste land
- Small and Marginal farmers i.e. those who would own maximum of non irrigated or irrigated land as stipulated by NABARD as per the different agro climatic regions across the country
- Share croppers/Tenant farmers
|Quantum of Loan
||Quantum of loan will depend on the area of the land to be purchased and its valuation and also development cost.
|Nature of facility
|Rate of Interest
||No margin is stipulated for loans upto Rs.50000/-. In case of loans for higher amount, a minimum of 10% margin will be stipulated.
||7 to 12 years in half yearly/yearly installments, including a maximum moratorium period of 24 months.
||Mortgage of land purchased out of the bank loan