Cauvery Kalpatharu Grameena Bank – Horticulture Plantations

By | March 29, 2011

Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. The bank offers a variety of loan products such as personal loan, agricultural loan, vehicle loan etc.

Purpose –           To encourage cultivation of Horticulture Crops like coconut, mango, pomegranate, grapes, pepper, coffee, amla, areca nut, betel vine and other horticulture crops

Eligibility –           All farmers having own land suitable for cultivation of the selected crop

Quantum of Loan       – As per unit cost fixed by NABARD

Disbursement                        – The Disbursement will be made in stages over the years till the plants starts yielding

Repayment –           Repayable in Half Yearly or Yearly installments and period of advance is extendable up to 15 years based on the age at which the plantation starts economic yield. Until such time the gestation period for repayment of loan is allowed. However, interest has to be serviced during the gestation period

Interest Rate             – As applicable to Agricultural Term loan

Other Conditions       – There has to be a bore well with sufficient yield or any other perennial source, Income sources for sustenance and servicing of interest during the gestation period, Soil and water test report for the suitability to be produced at the time of sanction and assured availability of marketing to be ensured

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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