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Scheme For Purchase of Agriculture Land

Particulars Guidelines under the scheme
Purpose To finance the farmers to purchase, develop and cultivate agricultural and fallow/waste land
Eligibility
  • 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 Term Loan
Rate of Interest Click Here
Margin No margin is stipulated for loans upto Rs.50000/-. In case of loans for higher amount, a minimum of 10% margin will be stipulated.
Repayment Period 7 to 12 years in half yearly/yearly installments, including a maximum moratorium period of 24 months.
Security Mortgage of land purchased out of the bank loan

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