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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.


STORAGE GODOWN

RURAL GODOWNS

These godowns are used for storage of grains and shed for parking agricultural machinery.

CONDITIONS

  • The loan shall be provided according to the estimate and the map provided by an approved Architect.
  • Margin money shall be 25% of the total project cost.
  • Repayment of loan shall be 11 years with one year grace period. Repayment shall be in 20 half yearly installments.
  • Capacity of godown shall have to be between 100 metric ton and 10,000 metric ton.
  • Subsidy shall be given as per funds provided by NABARD.

ONION STORAGE

The bank has started a scheme for the proper storage and upkeep of onion production. This Scheme has been implemented in the whole state.

CONDITIONS

  • The loan shall be provided according to the estimate and the map provided by an approved Architect.
  • Under this scheme the margin money will be 25% of the total project cost.
  • Subsidy would be 25% of the total project cost based on funds with the Department.
  • The repayment period would be 9 years inclusive of the one years grace period.

COLD STORAGE

For the proper storage of after harvest crop pertaining to horticulture and perishable items like dairy products, meat , fish, chicken, this scheme has been formulated to disburse loans for the construction of cold storage. Under this scheme the capacity of the cold storage has to be 10 metric ton to 5000 metric ton. The subsidy is 25% of the total project cost. The loan has to be repaid within 9 years including 1 year grace period.

 

NEW SCHEMES

 

AGRICULTURAL MACHINERY PARK SHED

 Farmers are given loan for the for parking their machinery in a shed according to following :-

 

 CONDITIONS

 

  • The loan shall be provided according to the estimate and the map provided by an approved Architect. Maximum amount of loan is Rs. 7 lakh only.
  • Margin money shall be 20% of the total project cost.
  • Repayment of loan shall be 7years with one year grace period. Repayment shall be in yearly installments.

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