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Home >> Agriculture Loans >> Other Schemes >> AB Finance Purchase of Land for Agri Purpose 
 
 

Objectives

  • To make the small and marginal holdings economically viable.
  • To bring fallow lands and waste lands under cultivation
  • To step up agricultural production and productivity 
  • To finance the share croppers/tenant farmers to purchase land to enable them to increase their income 

Purpose

  • To provide term finance to small and marginal farmers to purchase agricultural/fallow/waste land.

    Eligibility :Small Farmers, Share Croppers / Tenant Farmers i.e., those who would own maximum non irrigated  or  irrigated land including proposed purchase of land under the scheme.

    Quantum of finance

  • Maximum of Rs.2,00,000/-

    Margin

  • 20% of the project cost

    Repayment

  • In 7-10 years in half yearly/yearly installments

    Security

  • Mortgage of land purchased out of the Bank loan.

  • Loans above Rs.50,000/-, co-obligation/third party guarantee is to be obtained.
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