PGB Kisan Sampuran Rin Yojana is the Scheme for Package Loan to Farmers. The bank also offers home loan, personal loan, vehicle loan, business loan etc.
Purpose – Bank will provide package loan to the farmers for undertaking various agricultural and allied activities for production as well as investment purposes and to meet the consumption credit requirements of the farmers. Besides, loan is also provided for processing/storage/value addition activities post harvest technology.
Eligibility – Farmers who are owner-cultivators, tenants, lessee or allottee-farmers with recorded occupancy rights or farmers with ancestral/perpetual rights of cultivation. Individual farmers or group of farmers having aptitude/adequate experience together with minimum land holding, if stipulated in the respective agriculture credit scheme, will be eligible for investment loan.
Quantum of Loan – Need based. The farmer shall draw out his plan encompassing all agricultural activities on the basis of which extent of loan is determined. Consumption loan is allowed up to Rs.50, 000 or 25 per cent of the total limit, whichever is lower.
Farmers intending to avail both production as well as investment credit will be eligible to be covered under the scheme.
Nature of Loan – Cash credit/ term loan/ overdraft/ composite loan depending upon the requirement of the farmers.
Repayment of Loan – The repayment period is fixed as per the individual scheme