How to get Farmerís Loan?
How to get Farmerís Loan?
Introduction: In India there are many loan schemes for the
cultivators. There are some eligibility criteria for getting such
Loan. In this case there is some subsidy on interest which is
provided by NABARD (National Bank for Agriculture and Rural
Development. Out of 12% interest on the Loan amount 7% is paid by
the cultivator and 5% subsidy is given by NABARD.
Eligibility Criteria for Loan under KCC.
1) The farmers whose cases are sponsored to the bank for sanction of
KCC must have land document in their name (in other Word) the
cultivator should be the owner of the land.
2) The applicant should not be a defaulter to any bank.
3) Credit limit is accorded on the cropping pattern for the land
holding in accordance with provision of latest scale of Finance.
4) Farmers with Rain fed crop/tenant farmer/illiterate farmer are
also eligible for the card. The tenant farmer should have valid
document acceptable to the bank.
5) Prompt repayment of loan ensures continuity of credit.
6) Personal Accident Insurance scheme with coverage up to Rs.
50,000/= is available for each card holder with minimum premium and
also eligible for the coverage under RKBY.
7) Card indicates good dealing /credit worthiness of the farmers
with the bank.
8) Card is valid for 3 (three) no need for execution of the loan
document every year.
Procedure: In every Subdivision of Tripura there is an
Agriculture Office and there is an agricultural superintendent.
There is prescribed application form for Farmer loan is available
free of cost. The applicant has to fill the information in the
prescribed application form with utmost care. The applicant should
have land document in his/her name. If the Agriculture office is
satisfied with the application and by interviewing the person then
they will decide the loan amount based on the crop pattern and
according to the crop the time of repayment of the loan amount is
decided. After proper scrutiny the agriculture office will send the
application form to the nearby nationalized bank (generally Tripura
gamin bank, Tripura State cooperative bank, United Bank). If the
applicant is not a defaulter to any other bank and if the bank is
satisfied with the application, then they will sanction the loan.
Concerned Department / concerned officer/phone Number:
Department of Agriculture /Superintendent of agriculture/ the phone
numbers of different sub divisional agricultural office will be
different however the Deputy Director-Agriculture of 4 districts of
Tripura are as follows.
West district Ė 0381-2223302
Dhalai district- 03826-222515
North district-03822-220234 South District 03821-222248.
Time to Avail the Service: Normal Office Hours (10AM-5PM)
Forms Required: Prescribed forms are available with the Agriculture
Fees Required: No fees required.
Relevant web site: http://www.agritripura.nic.in