| Purpose / Objective | To meet short term credit requirement for agriculture purpose. |
| Eligibility | All paddy and Sugarcane growers of Tamil Nadu and Andra Pradesh |
| Quantum of Loan | Sugar Cane: 60% of the estimated yield or Rs 20,000/- per acre whichever is lower.
Paddy (for AP): 60% of the value of the estimated yield or Rs 10,000/- per acre which ever is lower.
Paddy (for TN): 50% or Rs 10,000/- whichever is lower. |
| Interest Rates | Interest rates as applicable to our Bank’s Home Loan scheme. |
| Repayment Period | On getting the yield or 6 months / 1 year after the sanciton of loan. Loan amount to be paid within 2 months from the date of harvest |
| Security | Loans upto Rs 50000/- : Hypothecation of Standing Crop.
Loans above Rs 50000/- : Equitable Mortgage of agricultural land. |
| * BPLR = 12.50 % and BASE RATE = 8.00 % | |
