This loan is given to individuals for season based agricultural activities.
Borrower Eligibility:
Must be engaged in Seasonal activities/business
Term period
Maximum term period of one year (Non renewable/extendable)
Required Documents
- Detailed Project costing of work
- Copy of Land ownership certificate
| Sl# | Loan Product | Details |
| 1 | Product name | Seasonal Loan |
| 2 | Little description on the product | Seasonal loan product is designed to address the specific financial requirement of individual residing in rural areas, particularly those agriculture or livestock activities which are seasonal in nature. |
| 3 | Eligibility | 1. Must be engaged in seasonal activities 2. Must be 18 years and above. |
| 4 | Quantum | 75% of the total project cost or (70%) below 50 million or (60%) above 50 million of the collateral value whichever is lower. |
| 5 | Interest Rate | 11.50% |
| 6 | Tenure | Maximum term period of one year (Non renewable/extendable) |
| 7 | Checklist | + 1. Duly filled in application form 2. CID copy 3. 2 recent passport size photo 4. Copy of latest land certificate (lagthram) 5. NOC 6. Detail project costing of activities to be carried out 7. Prove of income |
| 8 | Forms | Attached |
