How much will get loan against agriculture

Question

Anurag Gupta · Answer

Hello The amount of loan one can receive against agriculture largely depends on the specific scheme, the type of agricultural activity, and the policies of the lending institution. Here's a general overview of how agricultural loans work and the typical amounts that might be available:

Types of Agricultural Loans
Crop Loans: These are short-term loans provided to farmers for purchasing seeds, fertilizers, pesticides, and other inputs. The loan amount is typically based on the scale of cultivation and the crop type.
Agriculture Term Loans: These are long-term loans for purchasing agricultural machinery, equipment, or for land development.
Horticulture Loans: These loans are for setting up orchards, nurseries, or other horticultural activities.
Livestock Loans: These loans support the purchase and maintenance of livestock such as cattle, poultry, or dairy farming.
Fisheries Loans: For activities related to inland or marine fisheries.
Loan Amount and Limits
Crop Loans: The amount can vary significantly depending on the crop type, area under cultivation, and the credit policy of the bank. Typically, crop loans might range from ₹10,000 to ₹1,00,000 per acre.
Agriculture Term Loans: For purchasing tractors, the loan amount could range from ₹3 lakhs to ₹10 lakhs. For purchasing other equipment or developing land, the amount can go higher.
Kisan Credit Card (KCC): The KCC scheme offers flexible credit limits based on the farmer's income and crop requirements. The credit limit can range from ₹50,000 to ₹3 lakhs, but it can go higher depending on the individual's need and repayment capacity.
Horticulture Loans: The loan amounts can vary based on the scale of the project and the type of horticulture. Loans can range from ₹1 lakh to several lakhs.
Livestock Loans: For dairy farming, loans can range from ₹50,000 to ₹5 lakhs depending on the number of cattle and the scale of the operation.
Fisheries Loans: These loans can range from ₹50,000 to ₹5 lakhs or more, depending on the scale of the fishing activity and the type of equipment needed.
Factors Affecting Loan Amount
Size and Type of Farm: Larger farms or those with high-value crops can secure larger loans.
Credit History: Farmers with a good credit history and repayment track record can often secure higher loan amounts.
Collateral: The value of the collateral (if required) can also determine the loan amount. Some loans are offered without collateral under specific schemes like KCC up to a certain limit.
Government Schemes: Various government schemes may provide subsidies or reduced interest rates, which can affect the loan amount and terms.
Examples of Agricultural Loan Schemes
Pradhan Mantri Fasal Bima Yojana (PMFBY): Offers insurance coverage and financial support for crop failure.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): Provides direct income support to farmers.
Interest Subvention Scheme: Offers interest subvention on short-term crop loans up to ₹3 lakhs at a subsidized interest rate.
How to Apply
Banks and Financial Institutions: Most commercial banks, regional rural banks (RRBs), and cooperative banks provide agricultural loans.
Documentation: Typically includes land records, crop details, identity proof, and previous loan repayment records.
For precise details and to determine eligibility, farmers should contact their local bank branches or visit the official websites of government schemes.

Qumail abass · Answer

Horticulture lone