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NEWS

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.


Agricultural Marketing Infrastructure (AMI) .. Dairy Entrepreneurship Development Scheme (DEDS) .. Medium Term Refinance Scheme   ..  Agriclinics  .. Kisan Credit card   .. Agriservice centre .. Vermiculture  .. Rural Housing .. Education loan .. Contract Farming Scheme .. Swarozgar Credit Card .. Other schemes 

NEW SCHEMES

RURAL HOUSING

After demand by the rural people, the Bank has started disbursing loans for Rural Housing . The scheme has been implemented as following:-

Scheme                                    Unit cost(in Rs.)               Repayment period                Grace period

for construction of a house           15 lakh                            15 years                            1 year

for repair of house                        5 lakh                             5 years                              ------

 

CONDITIONS   

  • For availaing loan, the borrower shall submit an estimate and map prepared by an approved Architect which has to be attested by Sarpanch or Lambardar of village.
  • Loan shall be given against security of land.
  • Margin money shall be 15% and repayment shall be in half yearly installments.
  • For construction of house, the first installment shall be given for plinth level construction and 2nd shall be disbursed after verification of plinth level construction.
  • Insurance of the house is mandatory.