Indirect Agriculture Loan

Finance for Agriculture and Allied Activities granted to corporate, partnership firms and institutions engaged in agriculture and allied activities (dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to cocoon stage).

• The aggregate loan limit per borrower more than Rs. 2 crore in respect of borrowers under Finance to others listed under direct finance.

• Loans up to Rs. 50 Lakh against pledge/hypothecation of agricultural produce (including warehouse receipts) for a period not exceeding 12 months, irrespective of whether the Farmers were given crop loans for raising the produce or not.

• Bank loans to Primary Agricultural Credit Societies (PACS), Farmers’ Service Societies (FSS) and Large-sized Adivasi Multi Purpose Societies (LAMPS) other than those covered under direct finance to agriculture.

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