Kissan Dost Production Loan


For purchase of Farm inputs
Particulars Bank’s Policy
Purpose To provide short-term facility to the Individual & Corporate farmers for purchase of Farm Inputs (Seeds, Fertilizers, Pesticides, Fungicides etc)
Target Market The scheme shall provide short-term facility to the
a. Owner / Self-cultivator/resident farmers
b. Owner + family land (only spouse & Children)
What is Eligibility Criteria
  • Resident/Self Cultivating farmers having cultivated agriculture land minimum 10 Acres
  • Should not be a defaulter of any Financial Institution
  • Should have security free of all encumbrances to be offered as collateral
  • Should have Computerized National Identity Card
  • Age Limit: 21-60 years (till maturity)
Amount of Facility Production Loan
(Running Finance Facility)
Minimum Rs. 500,000/- & Maximum up to Rs. 30,000,000/- The limit will be determined on the basis of crop pattern and area under cultivation.
Markup 6-month KIBOR (H) + 600BPS without floor or cap rate P.A.
Insurance The Crop Insurance is mandatory for all borrowers availing production loan from BOP for all crops including five major crops i.e. Wheat, Cotton, Sugarcane, Maize and Rice and minor crops.
Security
  • Charge on Agri Land Through pass book
OR
  • Mortgage of Urban/Commercial Property
OR
  • Liquid security in shape of Bank’s Fixed Deposit Receipts, Defense Saving Certificate/National Saving Certificate or Regular Income Certificate
  • Two written satisfactory market verified reports
Frequently Asked Questions (FAQs)?
This page last updated on: June 8, 2018 10:58:54 AM
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