Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. Seasonal agricultural operations include routine activities like preparing and ploughing land for sowing, weeding, and transplantation where necessary, buying inputs such as fertilizers, seeds, insecticides etc. and engaging labour for cultivating and harvesting the crops.
In addition purchasing of land, or purchasing of agricultural tools, storage of produce and transport also are included under purview of agricultural loans.
Farmers can avail an agricultural loan starting at 8.80% p.a. and with processing fee ranging between zero to 2% of the loan amount.
Important Link: Official sahay paripatr pdf
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