Bank Loan For Purchase Of Agricultural Land

August 21, 2020 in Hyderabad - Leave a Comment

Purpose To assist Small & Marginal farmers and landless agricultural labourers for purchase of Land, who are our existing borrowers to consolidate land holdings & development of Wasteland & fallow lands.

Features

  • Loan Amount : Cost of land
  • Provision of irrigation facilities & land development (shall not exceed 50% of the cost of the land).
  • Purchase of farm equipments.
  • Registration charges & stamp duty.
  • Loan amount will be 85 % of the cost of the land, as assessed by the bank, subject to the maximum of Rs 5 lakhs Security
  • Mortgage of land to be purchased
  • Max. 9-10 years beginning after the expiry of gestation period, with half-yearly installments. Gestation period will be maximum of 1 year for the developed land and 2 years for the land to be developed.

Source: https://sbi.co.in/web/agri-rural/agriculture-banking/miscellaneous-activities/land-purchase-scheme#

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