Short Term Crop Loan

BeneficiaryFarmers Through Multipurpose Cooperative Agriculture Service Societies.
PurposeProduction of Crops
Loan LimitAs per Land Holding and Scale of finance for each crop fixed from time to time by The Registrar, Cooperative Societies, Punjab, Chandigarh.
Rate of Interest7.00% from Farmers by Societies. 5.00 % from Societies by bank.
MarginNo margin money required
Repayment PeriodHalf Yearly linked with Crop Harvesting i.e. 30th June and 31st January.
Collateral SecurityNil





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