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Agricultural Land Purchase
Purpose:
The objective of the scheme is to finance the Farmers to Purchase Agricultural Land connected to crops such as Paddy, Arecanut, Cocunut Etc.
Eigibility:
Farmers those who have Agricultural Land.
Maximum limit and Margin:
Maximum amount of loan is restricted to 3 times of his present annual income from agricultural land and other certified/approved source or 75% of the purchase value or valuation of the land whichever is less. The maximum amount of loan is Rs.40 lakh.
Rate of Interest:
As decided by the bank from time to time.
Repayment Period:
Period of repayment will be 10 years.
Terms and conditions apply
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