SBI Agricultural Gold Loan

SBI Agricultural Gold Loan to enable farmers to meet their short-term agricultural credit needs. This is one of the easiest and convenient loan for farmers when they are in emergency needs of fund. An existing account holder can avail this loan within an hour producing land tax receipt along with passbook and gold.

Eligibility for SBI Agricultural Gold Loan

Any person engaged in agriculture or allied activities as well as persons engaged in activities permitted by RBI to be classified under agriculture.

Type of Loan

Agricultural Cash Credit / Over draft. Demand Loan / Term loan.

Loan Margin Money

30% on price of gold advised by LHO. In deserving cases BM has discretion to reduce to 25% margin.

Loan Interest Rate

Interest should be charged as applicable to agricultural advances.

Processing Fee

As applicable to Agriculture Advances.

Loan Repayment Method

a. Cash Credit / Overdraft: Like KCC, it is a running account for a period of 3 years, subject to review at annual intervals.
b. Demand Loan / Term Loan: the repayment period of the loan should be fixed so as to coincide with the harvesting and marketing season. The total period will not generally exceed one year from the disbursement of the loan in the case of short-term loan / production credit and 36 months in other cases.

Notes:
Purity of gold can be ascertained by using the following methods:
a) Touch stone method
b) Nitric Acid method
c) Specific gravity method.

SBI Krishi Kalyan or Farmers Easy Empowered Loan (FEEL)

SBI Agriculture Loan - Farmers Easy Empowered Loan (FEEL): KRISHI KALYAN

Objective of Farmers Easy Empowered Loan (FEEL) or "KRISHI KALYAN" is to provide timely and adequate credit to farmers to meet production and consumption expenses. To reduce the multiple process of separate application, documentation & EM creation for availment of KCC and PML, thereby reduce the time for delivery of credit.

SBI Agriculture Loan For Financing Power Tractor (Scoring Model For Tractor Loans)

SBI Agriculture Loan For Financing Power Tractor (Scoring Model For Tractor Loans) to provide finance for purchasing of new tractors, accessories and implements as Agricultural Term Loan that can be availed by Agriculturists (individually or jointly). There must be minimum of land holding 4 acres of perennially irrigated land. Applicants should score of 56 under the scoring model of the bank. Proposals with credit score of 26 & above but upto 55 will be considered after credit enhancement.

SBI Agriculture Loan - Various Schemes On Credit Cards

SBI provides different type of loan to farmers who has good track record with SBI for their last two years. A general-purpose loan for productive and consumption purposes of farmers, Self help group credit card and general purpose credit card loan.

Agriculture Loan For Joint Liability Groups Of Tenant Farmers (JLG)

Objectives of Financing Joint Liability Groups Of Tenant Farmers (JLG) are to augment flow of credit to tenant farmers cultivating land either as oral lessees or sharecroppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs.