To meet short term credit requirement to adjust/repay the outstanding crop loan/KCC limit availed by farmers from the bank and to procure better price by storing farm produce and selling it at favourable price within a specified period

ELIGIBILITY:

All the farmers irrespective of whether they were given crop loans for raising the produce or not will be eligible for the advances.However, where the farmers have availed KCC facility for crop production/composite cash credit limit from our bank for raising the crops, the same should not be overdue for repayment.

NATURE & EXTENT OF FACILITY:

Short term loan. Maximum upto Rs.5 lakh. The loan would be twice the amount of crop loan taken by farmer or 75 per cent of the value of the produce calculated at the Government announced procurement prices, whichever is lower.

REPAYMENT OF LOAN:

Produce (Marketing) Loan shall be repaid within a maximum period of twelve months from the date of its disbursement.