Bank accepts fixed deposits, National Savings Certificates and Kisan Vikas Patra as security for agricultural loans, so long as the quantum of loan required is in consonance with crops grown or the investment proposed and repaying capacity likely to be generated and not with reference to value of securities pledged.

ELIGIBILITY:

Applicant should be an agriculturist

EXTENT OF LOAN:

Amount of loan is fixed according to the prescribed scale of finance for agricultural loan/approved unit cost.

REPAYMENT OF LOAN:

In case of credit facilities are required farmers for meeting credit requirements on an on-going basis, instead of observing seasonality, the limit is to be brought to credit once in a year for a week.