A majority of Agricultural loans operate within 18 months of repayment period which commonly known as Seasonal Agricultural Operations (SAO). Farmers seeking loans facilitating "long term loans" with repayment period of upto 15 years may give immense opportunities to invest in diversified fields like Dairy Farm, Farm Mechanisation, Minor Irrigation, Lift Irrigation, Horticulture, Land Developments, Sheep / Goat / Piggery / Poultry Farm, Inland fisheries, Sericulture, Rural Godowns, Farm Plantations / Forestry Plantations and other activities. Agricultural Term Loans (ATL) fulfil the whole requirement through various banking institutions under strict regulation of RBI / NABARD.
SBI Agricultural Loan
SBI has a unique financial Scheme For Financing Private Cold Storage / Private Ware Houses For On lending To Farmers who has agricultural commodities to be stored in the third party warehouses or cold storages. All private cold storages/warehouses if the promoters are of good repute and Integrity, capacity of the cold storage more than 5000 MT, registered post-tax profits for the last 3 years, all their existing accounts classified as Standard asset. New cold storages can also be considered with the permission of the controlling authority.
Objective of Farmer's Land Purchase Scheme of SBI is to assist Small & Marginal farmers, Tenants Cultivators, Share Croppers and landless agricultural laborers for purchase of land.
1. SBI Agriculture Loan - Farmer's Land Purchase Scheme
The borrowers should have a record of prompt repayment of the loan for at least two years. Good borrowers of other Banks may also eligible provided they liquidate their outstanding to other banks.
SBI Gramin Bhandaran Yojana Capital Investment Subsidy Scheme For Construction or Renovation Of Rural Godowns is designed to create scientific storage capacity in the rural areas to meet the requirements of farmers for storing farm produce. To prevent distress sale of produce by farmers immediately after harvest by promoting pledge financing and marketing credit.