Features

Horticulture


Horticulture sector encompasses wide range of crops e.g. Fruit Crop, Vegetable crop, Ornamental crop, medicinal & aromatic crop, Spices & Plantation crop. The Bank extends finance to farmers for the activities relating to establishment/maintenance of nurseries, Orchards, Plantation crops, Poly house/Green house, Hi-tech farming etc.

Key features


Eligibility:

Individual farmer/ Joint borrower. All major applicant up to age of 60 years, above 60 years legal heir is mandatory

Type of facilities:

  1. Cash Credit/Over draft: To meet crop production cost & expenses towards consumption, post-harvest expenses and repair & maintenance

  2. Term Loan: For investment purpose like purchase of farm implement, land development, irrigation equipment etc.

Quantum of finance:

Quantum of finance is purely need based. However Scale of finance for specific crop is taken as an indicative parameter for funding.

Security:

  1. Primary: Hypothecation of crop & assets created out of bank finance

  2. Collateral: Mortgaged of agricultural land/Urban Property/Liquid security

Tenure: Five year

Other Benefit:

  1. Free Personal accidental insurance coverage of farmer, up to Rs. 2,00,000/-.

  2. Crop Insurance available for all notified crop under Prdhan Mantri Fasal Bima Yojana,

  3. Issuance of Rupay Farmer Platinum debit card for hassle free transaction.

Documentation:

  1. Application Form

  2. KYC of Borrower/Co-borrower/Guarantor

  3. Copy of Land records

  4. Copy of Govt. land rate of agriculture land

  5. Latest updated passbook/bank statement