Hello sir, is there any one can provide me detail about the Gold loan scheme of SBBJ? Also give me interest rate on Gold loan scheme of SBBJ?

SBBJ is provides a gold loan facility for interested candidates. Gold loan is for purchase of inputs, to meet expenditures incurred for raising crops or for creation of assets to be used in farming operation or for allied activities like Dairy, Poultry, and Fisheries etc.

Eligibility:
Loans upto Rs.1.00 lac to small & marginal farmers, landless labourers, oral lessees & share croppers on declaration basis, provided the sanctioning authority is satisfied that the funds are for raising crops.

For loans above Rs.1.00 lac proof of farming activity required

Detail of gold loan:

Ezee Gold Loan Demand Loan 3.00% above MCLR 12.55
Overdraft 3.50 % above MCLR 13.05
Ezee Gold Loan Staff Demand Loan 0.50% above MCLR 12.55
Overdraft 0.75 % above MCLR 10.05


Gold loan scheme of SBBJ



Interest:
At half yarely

Intervals as per rates prescribed for agricultural advances. In case of gold loan for crop production purpose RoI would be 7% upto Rs.3.00 lac.

For other agricultural allied activities & indirect agricultural loans RoI will be

(i) upto Rs.3.00 lac – 1.50% above Base Rate and
(ii) Above Rs.3.00 lac – 2.50% above Base Rate.