How to get agriculture loan: If you are a farmer or are associated with agriculture, then you must know about agriculture loan which is also known as agriculture loan. In this article, we will provide you complete information about agriculture loan, which you can also call Krishi Loan or Crop Loan.
This loan is very beneficial for those people who do agriculture work. Any person who wants to take advantage of agriculture loan can apply for this loan both online and offline.
In this article, we will know in detail what is agriculture loan, what is the interest rate, eligibility, documents of this loan and how we can apply for this loan, etc., so read this article till the end.
Agriculture Loan in Hindi
India is an agricultural country. Most of the people here depend on agriculture for their livelihood. The government is coming up with various schemes for the farmers and people associated with agriculture. Banks and Non-Banking Financial Companies (NBFCs) of the country to develop the agriculture sector Agriculture Loan provides.
You can take agriculture loan for any kind of expenses related to agriculture such as purchase of agricultural land, purchase or upgrade of agricultural equipment, construction of irrigation channels, construction of grain storage shed, etc. Be it a bank or a financial company, before giving a loan, the customer’s CIBIL score is checked.
If your credit score is very good and you fulfill all the terms and conditions of the lender’s Agriculture Loan, then you can take advantage of the lender’s attractive Agriculture Loan interest rate. Some lenders provide agriculture loan subsidy. Agriculture loan can be of both Secured & Unsecured loan types.
For Kisan loan, you can apply offline by visiting the nearest branch of the lender or by visiting the official website of the lender. agriculture loan apply online Can do. There are many types of agriculture loans according to the needs of the customers.
Many types of agricultural loan schemes are also being run by the Government of India, under which sometimes the government also waives agricultural loans.
HIGHLIGHTS:
| loan name | How to take agriculture loan? |
| lender | Banks and NBFCs |
| Rate of interest | Different in different banks and NBFCs |
| loan amount | Different in different banks and NBFCs |
| application mode | online / offline |
Types of Agriculture Loan
According to the need and convenience of the customers, the lenders provide many types of agriculture loans, which are given in detail here.
There can be other types of loans too, about which you can get information from the bank. Some of the common agriculture loan types are as follows:
- Crop Loan
- Agricultural Mechanization Loan
- Agriculture Term Loan
- Solar Pump Set Loan
- Horticulture Loan
- Loan for allied agriculture activities
- Krishi Gold Loan
- Forestry loan
- Agricultural Working Capital Loan
Crop Loan :
This loan is given to the farmers to meet the expenses for the crops grown in the fields, post-harvest activities, maintenance of agricultural equipment. This loan is also known as Retail Agri Loans, which is given to the farmers to meet their short term expenses.
Under this loan, farmers are given Kisan Credit Card, with the help of which the farmer can easily buy the essential things related to his farm.
Agricultural Mechanization Loan :
As the name suggests, this loan is given to the farmers when the farmer buys equipment related to his farming or upgrades the old equipment. If you want to buy a new tractor or want to repair your old tractor, then you can join this agriculture loan.
Apart from this, you can take this agriculture loan for irrigation equipment, combine harvester etc. related to agriculture.
Agriculture Term Loan :
If the farmers have to buy high-cost equipment or goods related to agriculture, then they can take advantage of this loan. This fulfills the great needs of the farmers. Farmers can easily pay Agriculture Term Loan through EMI. This loan comes under a Long Term loan.
Solar Pump Set Loan:
This loan is given to farmers for small agricultural irrigation scheme. Under this loan, farmers can buy photovoltaic pumping systems so that they can easily irrigate their fields. Generally, this loan is given to the farmers till the loan tenure of 10 years.
Horticulture Loan :
If the farmer wants to do horticulture for vegetables, flowers etc. and if he does not have money, then he can take advantage of horticulture loan in this situation. Farmers can take advantage of this loan to meet all kinds of expenses related to horticulture activities.
Other horticulture expenses like cleaning of wild trees, planting trees, boundary wall etc. are also covered under this agriculture loan.
Loan for allied agriculture activities :
If farmers need money for any kind of expenses related to agriculture, then they can take advantage of this type of agriculture loan.
Krishi Gold Loan :
When a farmer takes a loan by pledging his gold, then it is a gold loan. The loan amount available under the gold loan can be used by the farmer to meet any expenses related to his farm such as irrigation equipment, farming equipment, crops etc.
Gold loan comes under the category of a secured loan, so you may have to pay less interest for taking this loan.
Forestry loan :
If you are in the field of growing crops growing on trees, then you can take advantage of this Krishi Loan. Apart from this, you can take this loan to convert barren land into agricultural land, to establish irrigation channels, to clear wild trees.
Agricultural Working Capital Loan :
This agriculture loan is given to the farmers to meet their huge working capital needs. These loans are in between KCC and long term capital loan. You can pay this loan through EMI for a fixed time period.
agriculture loan interest rate 2022
Before applying for agriculture loan, it is very important to have proper knowledge about its interest rate. The interest rate of each bank and financial company may be different. Agriculture loan interest rate depends on several factors such as applicant’s credit history, CIBIL score, income, age, employment status etc.
If you are an existing customer of the lender and have a good job or are able to repay the loan on time, then you can take advantage of the lender’s attractive interest rates. Before applying for agriculture loan, you should compare the Crop Loan Interest Rate of different lenders so that you can find the cheapest loan.
Purpose of Agriculture Loan
You can take advantage of this loan to meet any expenses related to your agriculture. Given below are some of the common needs for which you can avail a loan:
- To buy and upgrade agricultural equipment.
- To purchase and upgrade irrigation equipment.
- To set up dairy units.
- To do gardening.
- To meet working capital requirements.
- To buy more expensive equipment.
- To purchase land.
- To set up small poultry units.
- for fish farming.
- To meet the needs according to the season.
Benefits and Features of Agriculture Loan
- Any person who needs a loan to meet the expenses related to agriculture can take Krishi Loan.
- There are many banks and financial companies in India which are providing loans to the customers at attractive interest rates.
- Lenders offer various types of agriculture loans keeping in view the needs of the customers.
- Attractive interest rates.
- Avail loan with minimum and simplest documentation.
- Loan benefits with faster processing.
- You can avail the loan for both short term and long term loan tenure.
- No Hidden Charges.
- You can apply for the loan through both online and offline agriculture loan apply methods.
- How much agriculture loan is available – it depends on different lenders.
agriculture loan eligibility
There are different types of loan eligibility in different banks and NBFCs. For more details, you can visit the official website of the lender or visit your nearest branch. Some of the common eligibility are as follows:
- The applicant must be a resident of India.
- Customer must be 18 years of age or above.
- Your credit history should be very good.
- Applicant should not have any criminal record.
- The applicant should be the owner of the property.
- other eligibility
Agriculture loan Documents required
Documents can be of different types in different lenders. For more information about the document, you can contact the nearest branch of the lender.
Some common documents are as follows:
- Identity Proof : PAN Card / Voter ID Card / Aadhaar Card / Ration Card etc.
- Address Proof: Utility Bill (Electricity / Water Bill), Voter ID, Aadhaar Card etc.
- duly filled application form
- Income Proof: Bank Statement, ITR etc.
- passport size photo
- KYC documents
- land/property documents
- other documents
How to apply agriculture loan?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Follow the steps given below to understand the process of applying:
How to apply agriculture loan online?
- To apply online, you must first register with the lender. official website will go on.
- On the home page of the website, you have to click on the option of Agriculture Loan in the option of Loans.
- After clicking, all the information related to agriculture loan will appear in front of you.
- You have to read this information correctly.
- To apply, you have to click on the option of Apply Now/Apply Online.
- The loan application form will open in front of you.
- You have to enter the information sought in this and submit the form.
- After you submit the form, the bank or financial company officials will contact you and the loan process will be continued further.
- If your loan is approved, the loan amount will be transferred to your bank account.
How to apply for agriculture loan offline?
- To apply offline, you must first go to your nearest bank or NBFC branch.
- You will have to go to the branch and contact the official of the bank, who will provide you complete information about the agriculture loan.
- Then will verify your documents.
- Will provide you information about your eligibility, how much you are eligible for loan up to Rs.
- You have to fill the form and attach the documents with it and submit it there.
- In this way your application will be done.
Agriculture Loan EMI Calculator
Before applying for an agriculture loan, you must calculate the EMI of your loan so that you can get an idea of the amount of installments you will have to pay at the time of loan repayment. You can calculate your loan EMI with the help of an agriculture loan EMI calculator by visiting the official website of the lender.
The EMI of agriculture loan depends on factors like loan amount, interest rate and loan tenure. You can find the cheapest loan by comparing the EMI of various agriculture loans.
How much is the agriculture loan available?
There is a question in the mind of many customers that how much is the agriculture loan available? The loan amount offered under agriculture loan depends on the profile of the customer and the lender. The loan amount is different in different banks and financial companies.
You can find out from the official website of the lender or by visiting the nearest branch that you can take a loan of up to Rs. Apart from this, you can also get information by calling the loan customer care number of the lender.
You should apply for only as many loans as you need. If you apply for more loan and you are not able to pay it on time then you may have to face problems.
conclusion
In this article we have given you Agriculture Loan in Hindi Complete information about has been provided. If you have liked the information about agriculture loan i.e. crop loan, then you can share this article as much as possible.
If you have any other kind of information about this loan, then you can get information by calling the customer care number of the lender or you can write to us in the comment.
FAQ:
When you take a loan to meet all kinds of expenses related to agriculture, it is called agriculture loan or agriculture loan.
Keeping in view the convenience and needs of the customers, the lenders provide many types of agriculture loans, about which detailed information has been given in this article.
Any person can apply for this loan.
The rate of interest is different in different banks and financial companies. You can get this information by calling the helpline number of the lender.
You can compare various agriculture loans to find the best loan.