Agricultural loans are any loans that 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. While seasonal agricultural operations routine activities like include 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.

Loan Amount	02.00 Lacks
Rate of Interest	@ 14 %
Guarantor	N/A
Membership	Yes, @ 2.5% of Loan Amount share holding
Loaning	Immediate Loan Sanction
Period	Maximum period of 5 Years
Pre-closure	No Pre-closure Charges
Loan Processing Fee	As per Loan Amount. Up to Rs 5.00 Lacks @ 0.55%

Documentation Required for Agricultural Loan :-

Banks sanction agricultural loans, both long-term and short-term to farmers for agricultural activity. Keeping in view the illiteracy of farmers, the documentation requirement is few.

However banks insist on the following documentation for agricultural loans:

• ID proof-Voter ID, Photo ration card. Aadhar etc
• Residence proof-Ration card
• Land ownership proof-records of rights, revenue receipt etc
• Kisan Credit Card-This is a card issued to all farmers including small and marginal farmers, tenant farmer, share croppers and oral lessees

Note : Please note that required documents may vary from bank to bank.