CROP LOANS

Purpose

Crop loan is provided to meet all expenses involved in raising crops like Paddy, Banana, Vegetables etc including various agronomic practices.

Eligibility

Farmers, JLG's / SHG's [including tenant farmers, share croppers], members of TDCB farmers clubs.

Quantum of Loan

The loan amount would be fixed based on the scale of finance fixed by DLTC every year. Maximum Rs. 3 lakhs / borrower.

Rate of interest

7%

Repayment period

12 Months

Insurance

All eligible [notified] crops would be covered by Crop Insurance Schemes of AIC

Other Features

Interest subvention/ Incentive for prompt repayment available as per norms