Agricultural Produce Marketing Loan
Purpose / Objective
- To provide finance against pledge of Warehouse receipts, godowns/cold storage receipts etc.
- To avoid distress sale of agricultural produce by the farmers and enable them to get a remunerative price.
- All farmers who stored their produce in CWC/SWC or any authorized or approved private godowns.
Amount of Loan
- 70% of the wholesale market price of the produce stored maximum of Rs.10.00 lakhs.
- 30% of wholesale market prices of the produce.
- Please refer the Lending Rates link on home page in our Bank`s Website.
- To be repaid within 12 months.
- Storage receipt issued by gown owner duly adopted by the pledge.
* BPLR and BASE RATE – Available in Home Page