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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.


          Under this scheme, the loan is provided for the following purposes:-


            Under these schemes, the loans are given as under:-


Unit Cost in Rupees

Repayment period

Grace period

Soil conservation

1,00,000/- per acre 

10 years


Reclamation of land 1,00,000/- per acre

 10 years


Underground channels/pipelines 90,000/- per hectare

 10 years


Land levelling and shaping As per project report of Soil Conservation Departmrnt

 10 years



 Loan applications under the above scheme shall be recommended by the Soil Conservation Department, Punjab.Applications should accompany the lay out plan and estimated cost approved by the Soil Conservation Department.The agriculturist can procure pipes from an Agency of his choice.

  • The farmer should have his own means of irrigation or iner his fields.
  • Loan upto 2 lakh shall be done directly to the borrower, the condition being that only I.S.I. marked pipes and other material be used.
  • Loan above 2 lakh for ISI marked pipes shall be disbursed directly to the firm supplying it (the firm can be of the choice of the borrower).


  • For purchase of land, the loan has to be repaid in 10 years in annual equated installments.
  • Margin money is 10% of the advance given for the purchase of land.
  • The borrower should not have more than the following size of land, including the land to be purchased:-
Sr. No. Name of the District Size of land

 Amritsar, Ludhiana,Patiala,Sangrur (Except Barnala block)

Jalandhar,Kapurthala and Gurdaspur (only for Batala block)

 5.50 acre for irrigated land

and 8.50 for rainfed land


 Ferozepur,bathinda,Faridkot and Sangrur(only for Barnala block)

 6.75 acre for irrigated land

and 9.75 acre rainfed    


Ropar,Hoshiarpur and Gurdaspur (except Batala block)

8.50 acre irrigated land

and 12.25 acre rainfed land


  • Loan is given for reclamation of mortgaged land.
  • Repayment period is 10 years in 10 equated installments.
  • Rahennama has to be produced for the mortgaged land.

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