Horticulture Loan

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.

Eligibility:  Individual farmer/ Joint borrower. All major applicant  up to age of 60 years, above 60 years legal heir is mandatory

Type of facilities: 

1. Cash Credit/Over draft: To meet crop production cost & expenses towards consumption, post-harvest expenses and repair & maintenance
2. 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.

Security: 

1. Primary: Hypothecation of crop & assets created out of bank finance
2. Collateral: Mortgaged of agricultural land/Urban Property/Liquid security

Tenure: Five year

Documentation:

1. Application Form
2. KYC of Borrower/Co-borrower/Guarantor
3. Copy of Land records
4. Copy of Govt.  land rate of agriculture land
5. Latest updated passbook/bank statement