Agri Allied Term Loan

Purpose
  • Dairy farming
  • Sheep/Goat rearing
  • Poultry
  • Piggery
  • Sericulture etc.,
Eligibility
  • Individual Farmer/ Group of farmers with adequate skill and knowledge to carry out the proposed activity
Eligible Amount
  • Need based - Max. of ₹50.00 lakhs
Rate of Interest
Margin
  • Upto ₹1,00,000/- - NIL
  • Above ₹1,00,000/- - 10 % -25 % based on the activity
Security
  • Upto ₹1,60,000/- - Hypothecation of assets created out of loan
  • Above ₹1,60,000/- - Collateral security by way of Mortgage
Repayment Period
  • Maximum 7 years
Processing Charges
  • 0.60% of loan limit
How to apply
  • Please contact nearest Tamil Nadu Grama Bank’s Branch for more details