Horticulture sector encompasses wide range of crops e.g. Fruit Crop, Vegetable crop, Ornamental crop, medicinal & aromatic crop, Spices & Plantation crop. The Bank extends finance to farmers for the activities relating to establishment/maintenance of nurseries, Orchards, Plantation crops, Poly house/Green house, Hi-tech farming etc.
Individual farmer/ Joint borrower. All major applicant up to age of 60 years, above 60 years legal heir is mandatory
Type of facilities:
Cash Credit/Over draft: To meet crop production cost & expenses towards consumption, post-harvest expenses and repair & maintenance
Term Loan: For investment purpose like purchase of farm implement, land development, irrigation equipment etc.
Quantum of finance:
Quantum of finance is purely need based. However Scale of finance for specific crop is taken as an indicative parameter for funding.
Primary: Hypothecation of crop & assets created out of bank finance
Collateral: Mortgaged of agricultural land/Urban Property/Liquid security
Tenure: Five year
Free Personal accidental insurance coverage of farmer, up to Rs. 2,00,000/-.
Crop Insurance available for all notified crop under Prdhan Mantri Fasal Bima Yojana,
Issuance of Rupay Farmer Platinum debit card for hassle free transaction.
KYC of Borrower/Co-borrower/Guarantor
Copy of Land records
Copy of Govt. land rate of agriculture land
Latest updated passbook/bank statement