Correspondingly, can farmers get home loan?
If you are someone who works as a farmer or in the agriculture sector and wished to have a home of your own, you can apply for a Rural Home Loan from HDFC Bank. You can avail a loan for Rs. 75 lakh and above at attractive rates of interest starting from 6.95% p.a. for a tenure up to 20 years.
Consequently, how can I get crop loan?
Be ready with following documents while opening this account
- Duly filled in application form.
- Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc.
- Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc.
- Land ownership records.
- Records of crops grown.
How much is a crop loan per acre?
DBT will be given at the rate of Rs 4,000 per acre per season for cropping while zero interest loan will be at the rate of Rs 50,000 per hectare to be capped at Rs 1 lakh per farmer, sources told BusinessToday.In. The crop loan is already offered to farmers at a subsidised rate of 4 per cent only.
Crop Loan/ Kisan Credit Card (Retail Agri Loan): Kisan Credit Card/ Kisan Card is an ideal agriculture loan option to meet short term credit requirements, such as expenses resulting from cultivation of crops, post-harvest activities, maintenance of farm equipment, etc.