Agricultural Jewel Loan Scheme
- Easy and hassle-free loan process.
- Convenient repayment schedules.
- Low interest rates
- Processing charges and Jewel appraiser charges apply.
- No hidden charges.
Purpose / Objective
- To meet the short term credit requirements for Crop cultivation, repairs of farm assets, allied activities like Dairy, Fisheries, and Poultries, purchase of inputs like fertilizers, pesticides, seeds , repayment of debt taken from non-financial institutional lenders etc.
- All individual farmers
Quantum of Loan
- Bumper Agri Jewel Loan – 85 % of Market value of Gold Jewels pledged (or) Scale of finance / unit cost for approved by DLTC / NABARD whichever is lower.
- Other Agri Jewel loan Products – 80% of Market value of Gold Jewels pledged (or) Scale of finance / unit cost for approved by DLTC / NABARD whichever is less
- Bumper Agri Jewel Loan : 6 Months
- Other Agri Jewel loan Products: 12 Months
Rate of Interest
|Bumper Agri Jewel Loan||7 % Floating|
|Other Agri Jewel loan Products:||Please refer the Lending Rates link on home page in our Bank`s Website – www.indianbank.in|
- Duly filled in application form.
- Proof of agriculture land in the name of the applicant and proof for cultivating the crop.
- Identity proof- Voter ID card / PAN card / Passport / Aadhaar card,/Driving License etc
- Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc
*MCLR rate available in Home page
( Last modified on Dec 05, 2020 at 03:12:03 PM )