National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

Agricultural Produce Marketing Loan

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.

Eligibility

  • 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.

Margin

  • 30% of wholesale market prices of the produce.

Interest Rates

  • Please refer the Lending Rates link on home page in our Bank`s Website.

Repayment

  • To be repaid within 12 months.

Security

  • Storage receipt issued by gown owner duly adopted by the pledge.
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