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- PURPOSE: To meet credit requirements of the individual farmer/producer identified for production of specified crops/ commodities by way of Working Capital and /or Term Loan as per the requirement.
- TARGET GROUP: Individual farmer/producer willing to produce specified crops/commodities as mentioned in the forward agreement between the Buyer & the Farmer.
- NATURE OF FACILITY: Term Loan and /or Working Capital.
- EXTENT OF LOAN: Need based, subject to fulfilment of eligibility criteria of the borrower as per extant Bank guidelines.
- SECURITY:
- a. Primary: Hypothecation of crop/ assets created out of bank loan.
- b. Collateral:
- For loans up to Rs. 3.00 lakh NIL
- For loans above Rs. 3.00 lakh As per prevalent guidelines
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