Tree Loans

TREE LOANS

LIST OF BANKS PROVIDING TREE LOANS

S.No
Name of the Bank
Covering Tree
1
State Bank Of India
Ailanthus
Casuarina
Eucalyptus
2
Indian Bank
Casuarina
Eucalyptus
3
Syndicate Bank
Casuarina
Eucalyptus
4
UCO Bank
Jatropha
5
Indian Overseas Bank
Jatropha

STATE BANK OF INDIA

PARTICULARS FOR AILANTHUS TREE LOANS

Type of loan:                           Agricultural term loan
To Whom :                              Ailanthus cultivators whom contract with Vasan match works company


Loan amount:

Year Irrigated Rainfed
1 16400.00 14700.00
2 4125.00 2250.00
3 4125.00 1875.00
4 3200.00 1700.00
5 1650.00 750.00
6 750.00 700.00
7 750.00 525.00
Total 3100.00 22500.00

Interest rate:                        11.25% (Rs50, 000     - upto 2 lakhs) (94 paise/month)
Security:                              Upto 50,000 – No need land security
Distribution of loan:               Yearly depending upon expenses
Repayment:                         7th Year end – single term
Needed certificate:                Chitta, Attankal, No dues certificate, Passport size photo.

 


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