Gurgaon Gramin Bank is a Regional Rural Bank, Sponsored by Syndicate Bank having its Head Office at Gurgaon. Bank is having Tie-up arrangement with 166 Companies or Corporate providing personal loan, House Building Loans, Vehicle Loans & Educational Loans.
PURPOSE – To meet the credit requirement of the farmers for cultivation of crops including purchase of inputs, working capital requirements of allied activities like small dairy or poultry etc. non-farm activities and ancillary expenses related to crop production as also emergent consumption needs to a small extent in a flexible manner
ELIGIBILITY – All farmers who are eligible for crop loans can be covered under the scheme, Credit card will be issued to the farmers who are eligible for sanction of production credit of Rs.5000/- and above
QUANTUM OF LOAN – Depends on land holding and scale of finance
RATE OF INTEREST – Up to 3 lakhs the interest rate is 7.00% p.a. and for loan amount above 3 lakhs the interest rate is 12.50% p.a.
SECURITY – Hypothecation of Crop or SRM of Agriculture land
VALIDITY – The Credit Card should normally be valid for three years and is subjected to annual review.