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February 4th, 2016, 05:44 PM
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PNB Agriculture Land Loan
Hey buddy will you please get the information about Punjab National Bank Agriculture Land Loan scheme offer to farmers? On your demand buddy I will help you here to get the information about Punjab National Bank Agriculture Land Loan scheme offer to farmers so that you can have idea about it. Charges for the loan 1.TIME SCHEDULE FOR DISPOSAL OF LOAN APPLICATIONS: Extent of Loan Time Schedule(Maximum) 1 Upto Rs.2 lakh 2 weeks 2 Above Rs. 2 lakh & upto Rs. 50 lakh 4 weeks 3 Above Rs. 50 lakh & upto Rs. 100 lakh 5-6 weeks 4 Above Rs. 100 lakh & upto Rs. 100 crores 6-7 weeks 5 Above Rs. 100 crores 8-9 weeks 2.MARGIN NORMS: (a) for production and/or Investment Credit: S.No. Amount of Loan Margin 1 Upto Rs.1,00,000/- (both for short term and medium term) Nil 2 Above Rs.1,00,000/- to Rs.2 lakh 5% 3 Above Rs.2 lakh to Rs.5 lakh 10% 4 Above Rs.5 lakh 25% Security for the loan Production Credit/Investment Credit: (i) Upto Rs.1, 00,000/- Hypothecation of crops/assets created out of bank loan; (ii) Above Rs.1, 00,000/- (a) Hypothecation of crops/assets created out of bank loan; AND (b) Charge on land as per Agricultural Credit Operations and Miscellaneous (Provisions) Act of the State concerned/Mortgage of agricultural land valued at 100% of amount of loan for other farmers and 75% of the loan amount for small farmers/marginal farmer OR Alternate security, viz., charge/lien over liquid securities such as term deposits/NSCs/KVPs, etc., which may be considered adequate OR Suitable third party guarantee. (a) Under the Scheme of Agri-Clinics and Agri-Business Centres: (i) Upto Rs.5 lakh: Hypothecation of assets created out of bank loan; (ii) Above Rs.5 lakh: (a) Hypothecation of assets created out of bank loan; AND (b) Charge on land as per Agricultural Credit Operations and Miscellaneous (Provisions) Act of the State concerned/ Mortgage/Equitable Mortgage of agricultural land/any other suitable property valued at 150% of amount of loan for other farmers and 100% of the loan amount for small farmers/marginal farmers; OR Alternate security, viz., charge/lien over liquid securities such as term deposits/NSCs/KVPs, etc., which may be considered adequate. OR Suitable third party guarantee. Address:- Punjab National Bank Punjab National Bank, Head Office, 7, Bhikhaiji Cama Place, New Delhi-110066 Last edited by Neelurk; February 13th, 2020 at 10:28 AM. |