What you get
Access to Loan: Up to ₹2,00,000/- based on the value of the pledged jewels. | Interest Rate: 11.5% (subject to change).
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of this scheme?
The scheme offers jewel loans to farmers, enabling them to access up to [?]2,00,000/- at an interest rate of 11.5% for agricultural purposes.
What is the maximum loan amount under this scheme?
The maximum loan amount available is [?]2,00,000/-.
What is the applicable interest rate for the loan?
The interest rate is set at 11.5%, though this may change over time.
Who is eligible to apply for this loan?
Farmers engaged in agricultural activities are eligible to apply for the loan.
Is there any income requirement for eligibility?
No, there is no specified income requirement to qualify for this loan.
Is there an age restriction to apply for the loan?
There is no specified age limit for applicants.
What kind of collateral is required?
Jewels must be pledged as collateral for this loan.
How can one apply for the loan?
Applicants can apply by visiting the Primary Cooperative Agriculture and Rural Development Bank and meeting with the Secretary or Special Officer.
What documents are required for the loan application?
Applicants need to provide proof of identity, address proof, proof of agricultural activity, and jewels for collateral.
Who should be contacted for more information about the loan?
Applicants may contact the Secretary or Special Officer at the bank for further information.