The Society provides Medium Term (M.T.) Loans for various agricultural development and allied agricultural activities to support farmers in improving productivity, irrigation, mechanization, livestock development, and rural income generation.

Loan Purpose

Medium Term Loans are issued for the following agricultural purposes:

Agricultural Development Activities

• Minor improvements of land such as reclamation, fencing, etc.
• Maintenance of irrigation sources
• Minor repairs to wells and tanks
• Replacement or repairs of agricultural implements
• Digging of wells and borewells
• Construction of wells & tanks
• Pump-house construction
• Wells with pumping sets
• Purchase of electric pump sets, oil engines, accessories, and pump houses subject to NABARD norms

Farm Mechanization

• Purchase of agricultural machineries such as power tillers and spare parts
• Purchase of agricultural implements such as:
  • Iron Plough
  • Seed Drill
  • Sprayers
  • Dusters
  • Other farm implements

Transport & Equipment

• Bullocks
• Carts
• Trailers
• Other agricultural transport equipment

Farm Infrastructure

• Improvement of farm houses
• Construction/improvement of cattle sheds

Other Purposes

• Any other agricultural purpose as decided by the Board from time to time.

Loan Amount & Unit Cost

Medium Term Loans will be granted as per the unit cost fixed by the Board from time to time. Loan sanction will be based on:

• Realistic unit cost
• Local conditions
• Technical feasibility
• Repayment capacity
• Merits of each individual case

Eligibility

• Farmers owning agricultural land
• Tenant farmers (subject to norms)
• Dairy and livestock farmers
• Farmers engaged in allied agricultural activities
• Joint borrowers / SHGs / JLGs

Documents Required

• Aadhaar Card
• PAN Card
• Address Proof
• RTC / Land Records
• Passport Size Photos
• Bank Passbook
• Machinery/Equipment Quotations
• Project Estimate (if applicable)

Benefits

✔ Long-term agricultural development support
✔ Affordable interest rates
✔ Flexible repayment facility
✔ Supports irrigation and mechanization
✔ Encourages livestock and allied farming activities
✔ Government subsidy schemes applicable for eligible activities

Terms and conditions apply