Purchase of Land For Agricultural Purposes

Objectives:

• To make the small and marginal holdings economically viable 
  
• To bring fallow lands and waste lands under cultivation 
  
• To step up agricultural production and productivity 
  
• To finance the share croppers/tenant farmers to purchase land to enable them to increase their income

Eligibility: 

Small and marginal farmers i.e. those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme. Sharecroppers and tenant farmers can also be covered under the scheme.

Purpose: 

The objective of the scheme is to finance farmers to purchase, develop and cultivate agricultural as well as fallow and waste lands. Banks may also consider financing purchase of land to enable the farmers to diversify into other allied activities. The bank while considering finance for purchase of land should obtain complete details of the project proposal of the farmer. 

Farmer to be advised/encouraged to purchase land at one place and fragmented holdings may be discouraged with a view on saving on production expenses. However, farmers be financed purchase of land within village boundary or in a radius of 3 to 5 Kms – to the satisfaction of the Bank as regards viability 


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