CentralBank of India-Rural Agri Banking
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Cent Agri Land Purchase Scheme

Purpose * To provide loan to purchase, develop and cultivate agricultural as well as fallow and waste land.
Eligibility * Small and marginal farmers, share croppers / tenant farmers and Entrepreneurs with agricultural background.
Nature of facility * Term Loan .
Quantum of Loan * Area and value of land plus development cost less margin, subject to a maximum of Rs.10.00 lac.
Margin * 20% .
Security * Primary :
- Charge on land purchased out of bank finance.
- Hypothecation of crops raised on the land.
* Collateral :
-No collateral upto Rs 1.60 Lakh
- Charge on other land presently owned, if any.
Interest Rate Upto Rs 3,00,000/-
Above Rs 3.00 lakh to Rs 10.00 lacs
MCLR + 1.35%
MCLR + 2.50%
Processing Charges * Upto Rs 25,000/- : Nil .
* Above Rs 25,000/-: @ Rs 120/- per lac .
Documentation Charges Upto Rs 2.00Lakh- NIL
Above Rs 2 Lakh to Rs 10 Lakh- Rs 50 per Lakh or part thereof Max Rs 1000/-
Repayment * Within 7 to 10 years in half yearly/ yearly instalments .

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