Loan schemes for farmers in maharashtra

Purpose

• Raising of plantation crops / Long Duration Crops
• Minor Irrigation development
• Land Development & Soil conservation
• Investment in animal husbandry activities like Dairy, Poultry, piggery
• Purchase of farm machinery such as tractor, power Tiller, Other Farm machineries
• Purchase of farm land / agricultural land and development thereon
• Hi-Tech Farming like, Green House/Precision Farming, etc
• Setting up establishment of Agricultural Nurseries
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• All Farmers - Individual/ Joint Borrowers who are own cultivators / agriculture entrepreneurs
• Borrower should have knowledge/experience in the activity and should be capable of carrying out the activity successfully
• Available across all MGB branches
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• Limit
• Any amount as per project / Unit cost as per scheme norms
• Margin
• 5 - 20 % of project cost depending upon schemes
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• Upto Rs. 1.6 lakh
• Hypothecation of crops/animals/birds/farm assets
• Above Rs. 1.6 lakh
• Hypothecation of crops/animals/birds/farm assets
• Equitable mortgage of landed property valued 150% of loan amount
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• Repayment period and repayment holiday varies with gestation period & income generation from the activity undertaken.
• In 5 to 10 Years in monthly/Half yearly/ Yearly instalments
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Interest Rates & Charges

• Please visit Loan Interest Rates page for details
• For Loan interest rates click here
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