Agricultural Loan
ADCC Bank offers a range of agriculture loans. Investment credit leads to capital formation through asset creation. It induces technological upgradation resulting in increased production, productivity and incremental income to farmers and entrepreneurs.
| Sr. No. |
Loan Type | Loan Limit | Per annum interest rate |
Loan Tenure |
|---|---|---|---|---|
| 1. | Short Term Agricultural Crop Loan | Rs. 5 Lakh | 6% | 1 year |
| 2. | Nanaji Deshmukh (Pokra) Agricultural Sanjeevani Scheme | 90% of Total Project’s Cost | 12% | 7 years |
| 3. | A.Electric Motor—
Construction Cost (with accessories)
1. “3” Horsepower 2. “5” Horsepower 3. “7.5” Horsepower |
Rs. 20,000 Rs. 30,000 Rs. 35,000 |
11.50% | 5 years |
| 4. | Pipe Line Per Acre Rs. 50,000 | 90% of the Quotation Submitted by the Member | 11.50% | 5 years |
| 5. | Sprinkler | As per crop cost of maximum 5 acre | 11.50% | 5 years |
| 6. | Drip Irrigation Scheme | As per crop cost of maximum 5 acre | 11.50% | 5 years |
| 7. | Big Tractor 20HP, 24HP, 35HP Or 45HP Tractor | 75% of the Quotation or maximum Rs. 7 Lakh | 11.50% | 5 years |
You can use our overdraft facility to meet the cost of cultivation and working capital activities for farming and allied activities.
The medium-term loan helps you finance expansion and establishment projects with the goal of increasing production capacity.
It is intended to create income generating assets in the following sectors like Artisans, small scale industries, Non-Farm Sector etc.
Direct and guaranteed farm loans provide a crucial source of capital for beginning farmers and others not well served by commercial credit.