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LT Agriculture Loan – Piggery

Type of loan
Loan term loan –Agriculture.
Method of Repayment
Non-EMI
Purpose   
Agricultural  allied Purpose
Eligibility criteria
Individuals
Scale of finance
Not applicable.
Limit of loan 75% of project cost.
Margin25%
Holiday period
6 months
Repayment period
84 Months.
Rate of interest
As per interest structure.
Penal Interest
2% for overdue installments. When the loan becomes Fully overdue 2% of additional interest on contract rate is Charged.
Charges   
Nil
Subsidy/Re-finance   
Yes.
Security   
Collateral security.

Insurance policy for project amount in the joint name of bank should be submitted to bank.

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