Short Term Agriculture Loans (Crop Loan)


Short Term Agriculture Loans (Crop Loan)

Beneficiery - Farmers being the member of  PACS through PACS.

Purpose - Production  of Crops.

Loan Limit - As per land holding and scale of finance.

SCALE OF FINANCE


Sr. No. Crop  Cash Comp. (A)  Kimd Comp. (B)  Total 10% limit towards Post Harvest/House hold/consumption requirement © 20% limit towards Repair and mentinence of farm Assets and Insurance (D) Total
1 Wheat 9000 7000 16000 1600 3200 20800
2 Paddy 10000 7000 17000 1700 3400 22100
3 Cotton 9700 7800 17500 1750 3500 22750
4 Sugar Cane 19500 7500 27000 2700 5400 35100
5 Oil Seeds 7500 6000 13500 1350 2700 17550
6 Maize 7000 6500 13500 1350 2700 17550
7 Potato 18500 8500 27000 2700 5400 35100
8 Vegetable 18500 8500 27000 2700 5400 35100
9 Green Fodders 6700 5800 12500 1250 2500 16250
10 Floriculture 13500 9000 22500 2250 4500 29250
11 Pulses 5300 4700 10000 1000 2000 13000
12 Turmeric 20000 5500 25500 2550 5100 33150

Rate of interest - 5% from socs. & 7% from farmer by socs.

Margin - No margin money required

Repayment - Half yearly linked with harvesting

Collateral security - Nil

Area of operation - Loan shall be advanced in the area operation of Distt. Kapurthala

Due date of recovery

Periord from   Due date of rec.
1/4 30/9 31-01( next year)
1/10 31/03 30-06( next year)
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