Agriculture Loan

Purpose of this loan is to promote & finance the farmers’ agriculture, livestock, poultry, fisheries, etc. This Loan also covers finance for agro based industry or agro processing unit. Form of loan may be working capital finance or term loan.

Basic Information

Eligibility

• Farmers who have sound experience in farming & capability to return money to bank.
• Any agro industries owner with minimum 1 year establishment & potential to make the business profitable.

List of some banks which have Agriculture Loan product

Required Documents

• Passport size photograph of loan applicant
• Trade license
• TIN certificate
• VAT certificate (if applicable)
• Electricity Bill
• Telephone Bill
• List and total price of fixed asset
• List of creditors
• List of debtors
• Names of employees, salary, post and monthly salary sheet
• Last 1-3 years bank statement
• One year sales report and profit & loss account of the business
• Completed CIB form
• Current customers/clients list
• Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
• Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
• Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
• Resolution signed by all the partners to open the A/C (for partnership firm)
• Other documents as per bank requirement  & nature of business