Objective: The main purpose of the Kisan Gold Card is to invest in the improvement of agriculture land, water resources, Agriculture Machinery and tools, stock and sheds etc.
Eligibility: All the Farmers (Kisans) with good Track Record with Bank
1.loan amount is 5 times of the annual agriculture income.
2.50% of the mortgaged land’s value.
besides the above said facts the loan amount must not exceed 10 lacs.
Margin: 10 % of the Project Cost
- Charge on the goods financed by the Bank
- Mortagage of the land valuing 200% of the loan amount
- Up to 2 Lac’s – 11.75%
- From 2 Lac’s to 5 Lac’s – 12.75 %
- More than 5 Lac’s – 13.75 %
Repayment: 6-7 years in equal half yearly installments