Agriculture Loan Delhi

Agriculture loan can be arranged for anything as per your needs, call us for more details with your agriculture loan requirement. Agricultural loans are provided to farmers, sharecroppers, joint cultivation units, self-help groups and others engaged in agriculture and other activities related to agriculture. Agriculture loans can be either secured or unsecured, depending on the loan type and lending institution. Besides the various government schemes, several commercial banks also offer agriculture loans in India.

An agricultural loan is available for various purposes like meeting expenditure related to cropping, investment in farm machinery, the building of irrigation channels, setting up allied agricultural activities, etc.

1. State Bank of India (SBI)

State Bank of India (SBI) is one of the pioneer banks in agri-financing. With its wide network of more than 16,000 branches across India, it caters to nearly 1.01 crore farmers. The bank offers a wide range of agriculture loans and some of the main features are:

• Nominal-interest rates

• No intermediaries

• No hidden fees

• Immediate loan granting and disbursement

SBI Agri loan is offered to all agriculture and related activities. Loans are offered for crop production and these are mainly in the form of KCC (Kisan Credit Card). The loan is offered to cover crop production expenses, post-harvest cost, emergency expenses etc. 

Kisan Credit Card (KCC) comes in the form of electronic RuPay Card. This card allows the farmer to withdraw money through ATMs, purchase items such as fertilizers at PoS. SBI Agri loans also allow the purchase of equipment and machinery like tractors, combined harvesters, etc. The bank also offers loans for meeting the financial needs of allied activities such as Poultry, Dairy, Fisheries, etc.

2. ICICI Bank

ICICI Bank’s agriculture loan allows farmers to purchase farm animals and also invest in agricultural equipment. Farmers can opt for a flexible repayment of these loans spanning a period of 3 to 4 years. EMIs can be monthly or half-yearly or annual depending on individual convenience. 

ICICI Agri loan requires minimum documentation and comes with convenient repayment alternatives with no hidden charges. For availing this loan, farmers must submit an application form along with KYC documents, land/property documents, and in some cases, they must also furnish post-dated cheques.

ICICI Bank also offers Kisan Credit Cards to farmers. This card allows farmers to withdraw from any ATMs throughout India.  For availing KCC, one has to obtain farming land and furnish proof of the same. An applicant must be between 18 to 70 years of age.

3. HDFC Bank

Being one of the leading private sector banks in India, HDFC is fully committed to maximising the banking and financial benefits for all sectors across the country. It has a special focus in the rural areas catering mainly to the agriculture sector. HDFC bank offers agricultural loans of different tenures to customers who are engaged in farming activities, horticulture, poultry, dairying, warehousing, animal husbandry, etc.

The bank also provides financial assistance for supplies of various agricultural inputs like seeds, pesticides, micronutrients, fertilizers, and also the purchase of micro-irrigation tools.

HDFC bank has identified storage, food processing, fertilizers, and agriculture-related activities as a focus area and therefore offers various working capital loans as well as term loans to suitable applicants. The loans are provided basis the applicant’s financials and the value of underlying commodities.  HDFC bank is constantly increasing its rural footprint to deliver all types of financial products efficiently and at reasonable prices to all its clients.

4. Punjab National Bank (PNB)

Punjab National Bank has multiple financial product offerings associated with the farming sector. For example, an individual can take loans from PNB for setting-up biogas units, purchasing of irrigation apparatus, development of wastelands, etc. Individuals who are keen on pursuing a career in apiculture (also known as beekeeping) are also offered financial assistance from the bank.

PNB also caters to the financing needs for warehouse receipt. It also offers insurance coverage and financial support to growers especially when there is crop failure caused by any natural disasters, pest infection and diseases. This scheme is known as Pradhan Mantri Faisal Bima Yojana. These are over and above the regular financial services provided to farmers such as Kisan Credit Card, debt swap, etc.

5. Allahabad Bank

Allahabad Bank is a top nationalized bank in India which offers Kisan Credit Card (KCC) as part of its Akshay Krishi scheme. This scheme is exclusively designed to provide sufficient and timely financial assistance under a single blanket to needy farmers. Some of the features of this scheme are as follows:

• Crop loan feature - Cash Credit

• Allied activities feature - Cash Credit - Working capital finance for activities allied to agriculture

• Term loan feature – Catering to Capital requirements

The Potato Growers Credit Card Scheme offered by Allahabad bank is unique in that it provides sufficient and timely financial support to all the farmers who need a financial boost for their agriculture and other needs.

Allahabad Bank also offers loans for the purchase of machinery such as tractor /power tillers. Farmers who reside in the vicinity of the Bank’s branches and have a reasonably good reputation in the area can apply for and avail the benefits of this loan.