Hello sir, is there any one can provide me detail about the Punjab National Bank for Agricultural Loan? Also provide me some basic info of Punjab National Bank Agricultural Loan scheme?

The Punjab National Bank is provides Agricultural Loan scheme for to enable farmers to quickly meet their short-term agricultural credit needs and investment needs.

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

Loan will be given based on declaration. Additionally, proof, of pursuing the activity to be given for loans above Rs. 1 lakh.

Nature of Loan:
Short term Production Credit
The same may be granted as a Cash Credit / Overdraft or single transaction-Demand Loan with one year tenor Where the KCC facility has been allowed, the guidelines applicable for KCC Scheme are to be followed.

Term loan-Upto 36-60 months depending on the purpose

Margin: CC/Short Term Loan - 5%, Term Loan - 20%



Basic info of Punjab National Bank Agricultural Loan scheme



Time schedule for disposal of loan applications:

Extent of Loan Time Schedule(Maximum)
Upto Rs.2 lakh 2 weeks
Above Rs. 2 lakh & upto Rs. 50 lakh 4 weeks
Above Rs. 50 lakh & upto Rs. 100 lakh 5-6 weeks
Above Rs. 100 lakh & upto Rs. 100 crores 6-7 weeks
Above Rs. 100 crores 8-9 weeks