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Agricultural Credit

What to Do?
What Can You Get?
Whom/Where to Contact?

What to Do?

To save themselves from the clutches of money lenders, farmers can avail loan facility from banks.
Loan facility is available through a large network of Commercial Banks, Regional Rural Banks and Cooperative Credit Institutions in the country to fulfill the crop loan and term loan needs of the farmers.
Ensure timely repayment of bank loan.
Proper record of loan should be maintained by farmer.
Utilize the bank loan for actual purpose for which bank loan is taken.

What Can You Get?

S.No	Credit facility	Quantum of assistance.
1	Kisan Credit Card	Farmers can avail crop loan through Kisan Credit Card. Loan /credit limit is decided on the basis of crop sown on cultivated land by the farmers and Kisan Credit Cards are valid for 3-5 years. Farmers are also provided cover of Rs.50,000/- maximum for accidental death.
2 3	Investment Loan Interest Assistance	Loan facility to the farmers is available for investment purposes in the areas viz. Irrigation, Agricultural Mechanization, Land Development, Plantation, Horticulture and Post Harvest Management. Collateral/ security-free loan Crop loan upto Rs.3 lakhs at 7% rate of interest. This interest rate becomes 4% due to 3% interest subvention incentives provided to those farmers who repay crop loan on time No need of collateral security for farm loan up to Rs.1.6 lakh

Whom/Where to Contact?

Nearest Commercial Banks, Regional rural Banks and Cooperative Banks / Co-Operative Credit Societies.

Source: Department of Agriculture

Last Modified : 3/3/2020

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