Eligible Candidates
All Farmers-Individuals who are owner cultivators, Agri Entrepreneurs.
Tenant Farmers, Oral Lessees & Sharecroppers.
Any person engaged in any agriculture or allied activities
Demand Loan (Repayable within 12 months-MPGL)
Maximum Loan upto 25 lac at 8.05% P.A. interest rate
Collateral Security: Pledge of Gold Ornaments
Processing Fee
Up to Rs.25,000: Nil
Above Rs.25,000 to up to Rs.2.00 lakh: Rs.500 + GST
Above Rs.2.00 lakh: 0.30% of loan limit + GST
Documents required
· Recent photographs of the applicant (2 copies)
· KYC: Aadhaar Card / DL / Voter ID Card / Job Card)
· Proof of Residence: Recent Telephone / Electricity Bill /
· Voter ID Card/ Aadhaar / Certificate issued by Local Govt.
· Authority / Local Panchayat / Municipality etc.
· Proof of land holding and agri activities
Note – To apply for loan farmer need to reach the nearest SBI branch with above mentioned Documents. When an advance has been called-up & repayment is still not forthcoming; the Bank has the right to sell the Gold.