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

Golden Harvest Scheme

Golden Harvest Scheme

Purpose / Objective

  • To meet short term credit requirement for agriculture purpose.

Eligibility

  • All paddy and Sugarcane growers of Tamil Nadu and Andra Pradesh

Amount 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

  • Up to Rs.3.00 lakhs :7.00% ( under Interest subvention scheme of GoI)
  • Above Rs.3.00 lakhs to Rs.5.00 lakhs : @ BR+3.00+0.50
  • Greater than Rs.5.00 lakhs : @ BR+3.50+0.50

Repayment

  • 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 100000/- : Hypothecation of Standing Crop.
  • Loans above Rs 100000/- : Third Party Guarantee + Equitable Mortgage of agricultural land.
* BPLR and BASE RATE – Available in Home Page