What is SBI agri loan?
What is SBI agri loan?
SBI Crop Loan is offered in the form of SBI Kisan Credit Card (SBI KCC) to meet expenses related to crop production, post-harvest activities, etc. Agriculturists can pledge your gold ornaments to get loan at low interest rate to meet expenses related to your agricultural activities.
Which bank is best for agricultural loan?
Compare Best Agriculture Loan Interest Rates in India
| Name of the Bank | Interest Rate |
|---|---|
| ICICI Bank (Agri Term Loan) | 10.00% – 15.33% p.a. |
| Central Bank of India (Cent Kisan Tatkal Scheme) | 8.70% p.a. onwards |
| IndusInd Bank (Crop Loan) | 10.15% – 14.75% p.a. |
| HDFC Bank (Retail Agri Loans) | 9.10% – 20.00% p.a. |
What is KCC gold loan?
Up to 85% as fixed by bank from time to time. Minimum Interest. Minimum for 5 days or Rs. 50/- whichever is higher. Kisan Credit Card (KCC) scheme with 22 Ct Gold as collateral security with Agriculture Interest Subvention, is also available at attractive lending terms, subject to Government/RBI norms/ directions.
What is SBI gold loan rate?
7.50 per cent
SBI Gold Loan Interest Rate: State Bank of India is offering gold loan at an interest rate at 7.50 per cent.
What is Kisan 10 class card?
Kissan credit card provides a short term facility to obtain goods and services which has credit limits for crops, and term loans. Farmers having Kissan Credit Cards are covered under personal accident insurance up to 50,000 rupees for death and permanent disability, and up to 25,000 rupees for other risks.
How is gold loan calculated?
*The market value of your gold is calculated by taking 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat. *You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.
What is the benefit of Kisan Card?
The Special Assistant said the farmers through this card would get subsidized fertilizers, seeds and pesticides besides loans and compensation for damaged crops in case of any natural calamity.
What is the interest rate of SBI agricultural gold loan?
SBI Agricultural Gold Loan SBI offers up to Rs. 10L over a period of 3 years against 70-80% market value of the Gold deposited by a farmer. Interest rate per gram up to 1L is 4.25% above the base rate and 4.75% above 1L. Following documents must be submitted to avail Gold Loan
How can I get a gold loan for agricultural purposes?
Gold Loan Individuals can get loans for agricultural purposes by pledging gold ornaments. These loans have attractive interest rates and are disbursed almost immediately. All farming activities can be covered through these loans.
What are gold loan schemes in India?
Various Gold Loan Schemes are being offered by private and public sector banks in India to individuals engaged in agriculture and allied activities like raising crops, dairy, fisheries, poultry, fertilizers, poultry inputs, seeds, agricultural equipment etc. within India.
What is the eligibility criteria for co-borrowers in agriculture loan?
Eligibility Criteria: The borrower or co-borrowers should only be women. There should be at least 2 acres of agricultural land in the name of the applicant. The annual income of the borrower should be at least Rs.1.5 lakh.
