Federal Green Plus Loan Scheme
Features & Benefits
Federal Green Plus loan is extended to needy farmers to meet the cost / expenses of any genuine direct agricultural purpose (including allied activities).
Activities covered under the scheme
Finance to individual farmers for Agriculture to meet their investment credit as follows:
- All kinds of land development and all kinds of Irrigation
- Farm mechanization
- Construction of sheds, store, farm house, manager, supervisor, labor quarters, tanks etc. for agriculture and allied activities
- Traditional/non-traditional plantations and horticulture development
- Allied Activities (dairy, fishery, piggery, poultry, bee-keeping, etc.)
- Loans to small and marginal farmers for purchase of land for agricultural purpose.
All other term loans for financing production and investment requirements for agriculture and allied activities. The loan with interest shall be repaid within a maximum period of 120 months with monthly/ quarterly/ half yearly or annual instalments; depending upon the cash flow with a maximum cushion period of 12 months.
How to apply ?
Who can apply
- Any farmer (individuals only) having good track record / repayment history with our bank.
- Borrowers having FKCC accounts with us where interest is serviced promptly and credits in the FKCC account in the particular year (i.e. 12 months from the date of disbursal or 12 months from the anniversary date) are not less than the limit sanctioned shall alone be considered for finance.
How to avail the loan?
- To avail the loan, Please visit any of our branches
Loan Amount
- Minimum loan shall be Rs.3L and maximum loan shall be Rs.10L.
- Loan amount will be 50% value of collateral security or 5 times the previous year's net agricultural income from agriculture and allied activities; whichever is lesser; subject to maximum of 75% of the proposed investment cost.
- Minimum margin: 25%
Security
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