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  Scheme for financing of Mango Plantation  
 
   

TYPE OF FACILITY

Scheme for financing of Mango Plantation

BENEFICIARY

All farmers having Irrigation facility.

PURPOSE

Considering high potential of area, to boost the Mango crop production.

LIMIT

Rs. 52,600/- per Hector

MARGIN

10 %

INTEREST

As per Bank’s guidelines for Agriculture Advances from time to time.

REPAYMENT

 14 Years, First five years is grace period, Sixth and Seventh year only interest to be recovered and in last seven years principal and interest to be recovered.

SECURITY/ DOCUMENTS

  1. D.P.Note
  2. Term Loan agreement.
  3. Letter of instalment
  4. Two guarantors of good means
  5. Lien on agriculture land.

SERVICE CHARGE

As per Bank's guidelines.

REMARKS

  1. The advances are to be treated under priority sector advances.
  2. Branch to ensure repaying capacity of the applicant.  

 

 

 
   
 
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