Download Scheme For Construction Of Farm Structure And Farm House Cum

SCHEME FOR CONSTRUCTION OF FARM STRUCTURE AND FARM HOUSE CUM
DWELLING UNITS
Eligibility:
Purpose:
 For construction of “farm structures viz; Cattle / Livestock Shed, implement shed,
tractor and truck shed, farm store, godowns and farm silos, dutch barn, water
trough for farm animals, threshing yard, “gur” making, shed and fencing.
 For construction of farm house cum dwelling unit (with two or more farm
structures as above on own Agriculture land.
Eligibility:
 All farmers having own land with sufficient income to repay the installments and
have adequate productive utility of proposed construction.
Age of borrower:
 Maximum age of borrower is 70 years.
Finance:
Maximum Loan Amount:
 Maximum amount is ` 20.00 lakh.
 The maximum permissible Bank finance can be calculated on the basis of farm
income or value of agriculture land or value of liquid securities like NSCs/ FDR
etc.
Security and Margin:
Security:
 Mortgage / charge on Agriculture land along with Farm structures / farm house
cum dwelling units created out of bank finance.
Or
 Secured up to 100% of loan by liquid security like FDR, NSC etc.
Margin:
 15% of cost of construction.
Rate of Interest and Repayment
Repayment period:
 Maximum repayment period is 15 years.
 Gestation period upto 18 months.
Rate of Interest:
 MCLR