Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Any individual farmer holding the agricultural land. |
Purpose |
Credit facility for meeting out socio-economic and agricultural needs |
Loan Limit |
Maximum amount RS 8.00 lakhs or RS 1.50 per acre. |
Rate of Interest |
11.00% |
Margin |
No Margin required. |
Repayment Period |
Renewable on annual basis. |
Collateral Security |
Agriculture Land valuing at 150% of the Loan amount. |