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Agricultural Loan

Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To provide one time credit to full fill Crop Credit requirements of farmer. All crops except sugarcane.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.3.50 lakhs
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
Three years (6 Half yearly Equated Installment)
Collateral Security
:
Agricultural Land
Insurance
:
NA
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To provide credit for Non-Farm Sector Aactivities to increase income (Both Term Loan & Working Capital)
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Max. up to Rs.1 lakh.
Disbursal of Installments
:
Single Installment
Margin
:
Nil
Repayment Period
:
5 years.(10 Half -Yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society
Purpose
:
To increase the income of the farmer by helping invest in these schemes. (Bio-Fertilisers, Vermi-Compost, Fruit & Vegetables Waste Compose.)
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
50% of Total Project Cost.
Disbursal of Installments
:
As per Project Report
Margin
:
25% of Total Project Cost
Repayment Period
:
7 years with a grace period of 1 years. (A – 1st year only interest is to recovered in 2 Half-Yearly equated installments. B – Balance (Principal & Interest) in 12 Half- Yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
25% of Total Project Cost Subject to maximum of Rs.40 lakhs per unit in Bio Fertilizer Unit & Maximum 60 lakhs in Fruit & Veg. Market Waste compose unit (whichever is less).
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society
Purpose
:
To increase income of farmers (Merigold, Gladiolus, Crysenthimum, Rose, Gerbera)
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • Rs. 85000/ per 800sqm (MeriGold – open cultivation)
  • Rs.178000/ per 800sqm (Gladiolus – open field cultivation)
  • Rs.173000/ per 800sqm ( Crysenthimum)
  • Rs.1460000/ per 800sqm ( Rose including cost of Poly house)
  • Rs.1606000/per 800sqm (Gerbera including cost of Poly house)
Disbursal of Installments
:
Two
Margin
:
Nil
Repayment Period
:
6 years including one year grace period. (A- During Grace Period, only interest to be recovered in 2 Half-yearly equated installments. B- Balance in 10 Half-yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
NA
Subsidy
:
To be given by Horticulture Department, Punjab /National Horticulture Board, if available.
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To generate income as a supplement to agricultural income.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • Plants are planted in the month of January & February
Max.Loan
:
Rs.1,65, 000/- per hectare.
Disbursal of Installments
:
7
Margin
:
Nil
Repayment Period
:
10 yrs (1st 9 years Grace Period) (A – 1st 9 years only interest is to be recovered in 18 Half-Yearly installments. B – Remaining (Principal & Interest) to be recovered at the end of 9th year (in 10th year) in 2 Half- Yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To meet the irrigation needs of farmers.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
5 HP Motor-Rs.70000/-
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
9 years in yearly equated installments.
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab for replacement of Tubewell. For new tubewell, loan is given for safe & semi critical blocks specified by NABARD.
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To meet the irrigation needs of farmers.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • 200ft – Rs.320000
  • 300ft – Rs.450000
  • 400ft – Rs.530000
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
9 years in yearly equated installments.
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To help farmers in irrigation facility.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • Tractor should not be more than 7 years old.
  • Should have 4-6 acres of irrigating land
Max.Loan
:
2-3 lakhs depending upon depreciation cost & survey report
Disbursal of Installments
:
Single
Margin
:
15%
Repayment Period
:
7 years(14 Half Yearly Equated Installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To help farmers in maintaining Agriculture Machinery.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • Tractor can be 7 years old but less than 12 years.
Max.Loan
:
Rs.1.00 lakh
Disbursal of Installments
:
Single
Margin
:
15%
Repayment Period
:
5 years (10 Half- yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To promote alternative ways of Irrigation Methods thereby reducing dependence on traditional Methods i.e. Diesel Pumps/Electricity
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
– 2 HP(AC) – Rs.1,70,000-Rs 2,00,000/-
– 3HP(AC) – Rs.2,40,000- Rs 3,00,000/-
– 5HP(AC) – Rs.2,25,000- Rs 4,00,000/-
– 7.5HP(AC) – Rs.4,50,000- Rs 5,50,000/-
– 10 HP (AC) – Rs.6,00,000- Rs 7,00,000/-
Disbursal of Installments
:
Single
Margin
:
20% of Total Outlay
Repayment Period
:
10 years (Half Yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
As per Centre/ State Govt. Schemes
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To help farmers for better yield by providing tractor facilities.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • must have irrigated land between 4-6 acre depending upon district.
Max.Loan
:
85% of project cost.
Disbursal of Installments
:
Single
Margin
:
15%
Repayment Period
:
9 yrs. (18 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society
Purpose
:
Adequate and Timely Credit to Farmers under Single Window for Long/Medium Term Credit Needs.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.18 lakhs only.( Rs.1 lakh per acre).
Disbursal of Installments
:
Single Installment or Multiple depending upon asset acquirement plan.
Margin
:
Nil
Repayment Period
:
Between 5 – 10 years in half-yearly equated installments
  • Rs. up to 3 lakh – 5yrs.
  • Rs. 3 – 10lakhs – 7yrs.
  • Rs. 10 – 18 lakhs – 10 yrs.
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society
Purpose
:
To help farmers in meeting post harvesting need.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.1,50,000/-
Disbursal of Installments
:
Single Installment or Multiple depending upon asset acquirement plan.
Margin
:
Nil
Repayment Period
:
5 yrs (10 Half Yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To help farmers to meet pre harvesting needs.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
12.5 BHP-15 BHP- Rs.1,75,000 – Rs.2,25,000.
Disbursal of Installments
:
Single
Margin
:
5-10%
Repayment Period
:
7 years (14 Half-yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To help farmers in meeting their post harvesting needs.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • 4FT- Rs.85,000/-
  • 5FT- Rs.90,000/-
  • 6FT- Rs.1,00,000/-
  • 7FT- Rs.1,05,000/-
  • 8FT- Rs.1,10,000/-
  • 9FT- Rs.1,15,000/-
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
7 years (14 Half-yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To assist farmers in fulfilling pre harvesting needs.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
9 -15 tyne – Rs.40,000 – Rs 55,000/-
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
7 years (14 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual
Purpose
:
To help farmers to reduce dependence on physical labour for paddy Transplantation.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • Rs.2,75,000- Rs 3,00,000/- 2 wheeled Walk behind type with floats
  • Rs.8,00,000- Rs 10,00,000/- 4 wheeled, riding type with cae wheels and float
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
7 years (14 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
To be given by Agri. Deptt. Punjab if available.
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To help farmers in fulfilling their post harvesting needs.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.3,50,000/-
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
7 years (14 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To help farmers in transportation of their agriculture produce.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • must have a tractor.
Max.Loan
:
Rs.2,50,000/-
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
7 years (14 Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
Mango, Grapes, Guava, Citrus, Kinnow, Ber, Lichi & other fruits.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • Mango (9mx9m) – Rs.59000/Ha
  • Kinnow (6mx6m) – Rs.81000/Ha
  • Guava(6mx6m) – Rs.69000/Ha
  • Peach (6.5mx6.5m) – Rs.70000/Ha
  • Pear (6mx6m) – Rs.79000/Ha
Disbursal of Installments
:
1-5
Margin
:
Nil
Repayment Period
:
10 years including grace period of 5 years
  • First 5 yrs nothing is to be recovered
  • For 6th & 7th Year, only interest (Including deferred Interest of first 5 yrs) to be recovered in 2 yearly equated installments
  • balance in 3 Yearly equated installments
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
To be given by Horticulture Department, Punjab/ National Horticulture Board, if available.
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative society
Purpose
:
To help farmers in meeting their irrigation needs
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • application from concerned deptt. along with estimate of the project.
Max.Loan
:
  • 110mm – 560mm(PVC) – Rs.25,044- Rs 6,92,268/Ha
  • 110mm – 560mm(HDPE) – Rs.36.296- Rs 8,40,061/Ha
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
10 year including grace period of one year. (Interest is to be paid during grace period, Balance in 9 yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To promote alternative ways/methods of irrigation
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Drip Irrigation
  • Wide spaced(10x10m) – Rs.33,451/Ha
  • Medium spaced(2.5×2.5m) – Rs.84,804/Ha
  • Closed spaced(1.2×0.6m) – Rs.1,31,864/Ha
  • Sprinkler Irrigation(1-2Hect) – Rs.1,70,059/Ha
Disbursal of Installments
:
Two
Margin
:
Nil
Repayment Period
:
9 yearly equated installment
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
To be given by Soil Conservation Deptt., if available.
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To make units viable for agriculture by purchase of additional land
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • should not possess land not more than
    • Patiala , Sangrur, Amritsar, Ludhiana, Barnala (except block Barnala) – 5.50 acre irrigated land
    • Jalandhar, Kapurthala, Gurdaspur(only Batala Block) – 8.50 acre Rainfed
    • Ferozepur, Bathinda, Faridkot and Barnala (only Barnala BlocK) -6.75 acre irrigated land and 9.75 acre Rainfed
    • Ropar, Hoshiarpur and Gurdaspur. (Only Batala Block) -8.50 acre irrigated and 12.25 acre Rainfed
Max.Loan
:
As per agreement. Subject to max. of Rs.50 lakhs
Disbursal of Installments
:
Single
Margin
:
10%
Repayment Period
:
10 years equated installments
Collateral Security
:
Agricultural Land
Insurance
:
NA
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To free the agriculture land pledged by farmers to Non- Institutional sources at higher rate of interest
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
As amount of mortgage
Disbursal of Installments
:
Single
Margin
:
Nil
Repayment Period
:
10 years equated installments
Collateral Security
:
Agricultural Land
Insurance
:
NA
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To provide shelter to agriculture machinery against corrosion.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.7 Lakh
Disbursal of Installments
:
Two
Margin
:
20%
Repayment Period
:
7 years equated installments
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To set up unit for production of mushroom.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • short term training of 7-10 days to understand technical norms for production
Max.Loan
:
  • Button Mushroom Unit 250 Tray Rs 2,00,000
  • Button Mushroom Unit 20 TPA Rs 19,16,000
  • Spawn Making Unit 50 TPA Rs 32,00,000
Disbursal of Installments
:
Three
Margin
:
Nil
Repayment Period
:
7 years (14 years Half-yearly equated installments.)
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
To be given by National Horticulture Mission
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To help farmers in assisting allied activities to stop dependence on traditional crops
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • Unit Cost Rs.42000/- 1st Year
  • Unit Cost Rs.45000/- 2nd Year
Disbursal of Installments
:
Two
Margin
:
Nil
Repayment Period
:
10 years (3 year grace period)
  • First 3 yrs. nothing is to be recovered.
  • Balance in 7 yearly equated installments (Including Deferred Interest of first 3 years) is to be recovered
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
To be given by National Horticulture Mission
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To generate income or supplement to agricultural income
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
  • Rs.76000/Ha. Eucalyptus
  • Rs,3,70,000/Ha. Eucalyptus.(clonal)
Disbursal of Installments
:
7
Margin
:
Nil
Repayment Period
:
10 years (9 years grace period)
  • 1st 9 yrs only interest is to be recovered in 18 Half-Yearly installments
  • Remaining (Principal & Interest) to be recovered at the end of 9th year(in 10th year) in 2 Half-Yearly equated installments.
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society.
Purpose
:
To diversify from traditional crops reducing dependence on crops consuming more water
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.84000/acre
Disbursal of Installments
:
Single
Margin
:
15%
Repayment Period
:
6 years (1st year grace period).
  • During Grace-Period, only interest is to recovered in 2 Half Yearly equated installments.
  • Balance in 10 Half yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative society (With great scope in Hoshiarpur, Nawanshahr & Ropar district.)
Purpose
:
Diversification in Agriculture from traditional crops & investment in high yielding crops with less water consumption.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • The case should be sponsored from Horticulture Deptt. Punjab
Max.Loan
:
Rs.89100/acre
Disbursal of Installments
:
As per Project Report
Margin
:
Nil
Repayment Period
:
6 years (1st year grace). (During grace interest in 2 half yearly installments & balance in 10 half yearly equated installments)
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmers/Co-operative Society
Purpose
:
To promote a forestation & tree planting as to preserve ecological system & provide raw material for supply of fuel and fodder etc.
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • For Coop. Organisation/Promote Individual Entrepreneur
  • Projects which aim at increasing forest cover or waste land raising supply of fuel, fodder, etc. without effecting ecological system.
Max.Loan
:
Unit cost in Forestary/Water Land Development
Disbursal of Installments
:
As per Project.
Margin
:
Nil
Repayment Period
:
10 Years
  • Ist years 9 years only interest is to be recovered in 18 Half yearly installments
  • Remaining (Principal & Interest) to be recovered at the end of 9th year(in 10th year) in 2 Half-Yearly equated installments
Collateral Security
:
Agricultural Land
Insurance
:
As per insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
  • In three districts viz: Hoshiarpur, Ropar & Nawanshahr
Purpose
:
To promote income from other activities other than traditional cropping patterns
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
Max.Loan
:
Rs.89100/Ha. (excluding construction of land)
Disbursal of Installments
:
As per Project Report
Margin
:
15%
Repayment Period
:
11 years (with 5 years grace period)
  • During grace period interest will be charged in Qtly/Half yearly installments and remaining amount in 6 annual installments
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
Area Covered
:
State of Punjab
Beneficiary
:
Individual farmer/Co-operative Society
Purpose
:
To promote income from other activities other than traditional cropping patterns
Eligibility
:
A person should meet the following conditions
  • should reside in service area of bank.
  • should be minimum 18 yrs of age.
  • possess either agriculture land or be a lessee/Tenant of agriculture land.
  • training from PAU Ludhiana
Max.Loan
:
Rs.1,78,000/per 800sqm(Uper field cultivation)
Disbursal of Installments
:
As per Project Cost
Margin
:
Nil
Repayment Period
:
6 years (One year grace period)
  • During grace period only interest to be recovered in 2 half yearly equated installments
  • Balance in 10 half equated installments
Collateral Security
:
Agricultural Land
Insurance
:
As per Insurance companies rate.
Subsidy
:
NA
PSCADB