Description

🌾 Agricultural Loan in India – Types, Interest Rates & Benefits

Meta Title: Agricultural Loan in India | Types of Farm Loans & Interest Rates
Meta Description: Explore types of agricultural loans including crop loans, farm mechanisation, solar pump loans & more. Get farming finance at 7% p.a. interest.

✅ What is an Agricultural Loan?

An Agricultural Loan is a credit facility offered to farmers for financing a wide range of farming and allied agricultural activities. These loans support both short-term and long-term financial needs such as:

• Crop cultivation and harvesting
• Purchase of seeds, fertilizers, insecticides
• Animal husbandry, pisci-culture, and dairy farming
• Farm mechanization and irrigation systems
• Storage, transport, and land development

The loan can be used to meet both working capital and capital investment requirements.

💡 Interest rates start from 7% p.a.
💰 Processing fee: 0% to 4% of the loan amount (depending on the lender)

🌱 Types of Agricultural Loans

1. Crop Loan / Retail Agri Loan (Kisan Credit Card – KCC)

Designed to meet short-term farming needs such as:

• Crop production expenses
• Equipment maintenance
• Fertilizer, pesticide, and labor costs

✅ Farmers are issued a Kisan Credit Card (KCC) which works like a debit card to access funds as needed.

2. Agricultural Term Loan

This is a long-term loan to cover non-seasonal, capital-intensive expenses like:

• Purchasing solar panels, windmills
• Setting up irrigation infrastructure
• Building storage and warehousing facilities

📅 Tenure: Up to 4 years

3. Solar Pump Set Loan

Helps farmers buy solar-powered irrigation pumps to improve water access without high energy costs.

📅 Repayment Tenure: Up to 10 years

4. Loan for Allied Agricultural Activities

For farmers engaged in:

• Dairy farming
• Poultry
• Pisci-culture
• Beekeeping, etc.

The loan provides working capital to support day-to-day allied activities.

5. Farm Mechanisation Loan

Offered to purchase or upgrade farm machinery such as:

• Tractors
• Harvesters
• Ploughs
• Sprayers

Also covers repair and maintenance of existing equipment.

🌾 Other Types of Agricultural Loans

🔸 Agricultural Gold Loan

Farmers can pledge gold ornaments to get low-interest loans for:

• Buying inputs
• Equipment purchases
• Crop cultivation expenses

🪙 Ideal for quick liquidity using idle gold assets.

🔸 Forestry Loan

For those cultivating tree crops or reclaiming barren land. Funds can be used for:

• Land preparation
• Tree removal
• Irrigation channel construction

🔸 Horticulture Loan

Tailored for farmers growing:

• Fruits
• Vegetables
• Ornamental plants

Funds can be used to:

• Set up orchards or greenhouses
• Buy equipment
• Install fencing and irrigation

📋 Agricultural Loan Eligibility & Features

Feature	Details
Eligible Applicants	Farmers, Self-help groups, Co-operative societies
Loan Amount	Varies based on type and scale of operation
Interest Rate	Starts at 7% p.a. (may vary by scheme & bank)
Processing Fee	0% to 4% of loan amount
Collateral	May be required for term/agri gold loans
Repayment Tenure	6 months to 10 years

🤝 Need Help Applying for an Agricultural Loan?

Let our team assist you in selecting the best loan scheme for your farming or allied activities. We provide:

• Expert consultation
• Document verification
• Loan application support
• End-to-end assistance until disbursement

📞 Call Now: +91-7752-443566 / 9098618647
🌐 Apply Online: www.gstsuvidhacentre.co.in
✉️ Email: [email protected]

 

Required Documents

•   Duly-filled application form
• KYC documents
• Land/asset documents
• Security PDC
• Any other document mandated by the lender