The Cooperative Bank, Kapurthala
Medium Term Loan to Farmers (MTLF)
Only for existing regular RCC holders in last year Not defaulters of KCC last three crops.Not default in any other loan by Bank or Society.
|Purpose||To meet out their farming expenses, land development, minor irrigation, purchase of farm equipment, mini dairy/backyard polutry farm and allied agriculture activities.|
Rs.20000/- per acre , Maximum Loan Rs.150000/- Per Borrower.
|Rate of interest||7.75% p.a.|
|Margin||No margin required.|
|Repayment||24 months / 4 half yearly instalments in one year|
|area of operation||Loan shall be advanced in the area operation in the kapurthala district.|