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Comprehensive One Time Settlement Package in lieu of Employees Pension Scheme of the Bank implemented in compliance of orders dated 29.11.2013 passed by  Hon’ble Punjab & Haryana High Court. .......Read More


The Bank provides Long Term Loans at Simple Rate of Interest for Agriculturists and Non Agriculturists for a number of purposes.


FARM FORESTRY

EUCALYPTUS PLANTATION

For Eucalyptus plantation, details of Technical information and Unit Cost is as follows:-

Plant Time for plantation Space No. of plants in 1 hect. Harvesting time unit cost(Rs.)(Annually) Repayment period Grace period
Eucalyptus Monsoon 3mX2m 1600 10th year

(1st yr.) 45000/-

(2nd yr.) 6000/-

(3rd yr.)  2000/-

(4th yr.)  2000/-

(5th yr.)  2000/-

(6h yr.)   2000/-

(7th yr.)  2000/-

(8th yr.)  2000/-

(9th yr.)  2000/-

TOTAL COST:

             65000/-

10 YEARS 9 YEARS

 

CONDITIONS

  • Applications received through Forestry Department shall be given priority.
  • Proper water supply shall be there.
  • Loan shall be repaid in full in the 10th year.
  • Grace period is 9 years. During this time only Interest shall be paid in half yearly installments.
  • Loan shall be given according to above chart.

 

 

 

 POPLAR PLANTATION

Under this scheme, the Primary Banks shall  disburse Rs. 84000/- in seven Annual Installments for 1 hectare or 500 poplars as follows:-

Plant Time for plantation Space No. of plants in 1 hect. Harvesting time unit cost(Rs.)(Annually) Repayment period Grace period
Poplar In winters, January,February 5mX4m 500 8th year

(1st yr.) 42000/-

(2nd yr.) 7000/-

(3rd yr.)  7000/-

(4th yr.)  7000/-

(5th yr.)  7000/-

(6h yr.)   7000/-

(7th yr.)  7000/-

TOTAL COST:

            84000/-

8 YEARS 7 YEARS

CONDITIONS

  • Applications received through Forestry Department shall be given priority.
  • A minimum of 150 plants shall be eligible for loan.
  • Proper water supply shall be there.
  • Amount required for the purchase of plants can be deposited in the Horticulture Department by the Bank manager on behalf of the borrower ou of the loan amount.
  • Loan shall be repaid in full in the 8th year.
  • Grace period is 7 years. During this time only Interest shall be paid in half yearly installments.
  • Loan shall be given according to above chart.

SOME OTHER CONDITIONS

  • Poplar cant be grown on Kallar, Saim land or sandy land etc.
  • Distance between plants when grown in the field is 5mX4m but when grown around the fields or its border, the distance shall be 3m.
  • Horticulture Department provides free technical information about the same.

For Repayment Schedule of the above schemes click here ........