Purpose

Loans for development of fruit orchards like mango, chikoo, Grapes, pomegranate, apple, etc., as well as short term crops like banana, pineapple, Flowers in open and green houses and vegetable crops are financed. 

Eligibility:

All farmers having cultivable lands. 

Loan amount

Upto Rs 50000/ 100 % of the cost of the asset / project cost
Above Rs 50000/ upto 85 % of the asset / project is given as loan.

For Short term loans, loans are given under our crop loan / Kisan Credit Card schemes. 

For Orchard development you need to submit the following:

i) Water and soil testing report
ii) A feasibility certificate from the local Horticulture department
iii) Land records
iv) Quotation /estimates for the costs to be incurred
v) Project Report, if the project is large 

Disbursement of the loan

Generally disbursements are made directly to the suppliers. Cultivation expenses are released in stages as per the schedule set in your proposal. 

Security

Loan amount upto Rs 50000/ Hypothecation of assets created
Above Rs 50000/ upto Rs 100000 (1) Hypothecation of assets created 
(2) Mortgage of land or third party guarantee
Above Rs 100000/</O:P< SPAN> (1)Hypothecation of assets created
(2) Mortgage of lands

Repayment

The loan repayment starts after the completion of the gestation period varying from 4 to 7 years for different crops. Repayment commences from the time the crop gives economic yield and is linked to the income generation of each crop every year and varies between 7 to 12 years.