KB LONG TERM AGRICULTURE LOAN
NABARD Re-finance
| To finance those in agriculture and agriculture allied sectorsfor their Medium- and long-term credit needs. The loan is given for cultivation of perennial horticulture/plantation crops and of various value-added products capable of doubling the income of farmers in the sector and income generating allied activities. |
| Eligibility |
Individuals, proprietary/partnership concerns/companies etc. |
| Quantum of Finance |
- For individuals - Maximum of Rs. 60 lakhs (Based on NABARD unit cost)
- For entrepreneurs/companies, as per the NABARD guide lines for refinance
|
| Nature of Loan |
Term Loan |
| Repayment period |
Maximum period of 15 years with necessary gestation period as per NABARD guidelines |
| Security |
- Hypothecation of assets created /crops
- If the primary security is not sufficient to cover the valuation, collateral security may be insisted
- Altogether collateral security of 150% is needed
|
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