How to Apply for Indian Bank Agricultural Jewel Loan Scheme
The Indian Bank Agricultural Jewel Loan Scheme provides farmers with quick access to funds by pledging gold jewellery. This scheme helps meet short-term credit requirements for crop cultivation, farm repairs, allied activities, and other agricultural needs with easy repayment and minimal documentation.
Features:
- Easy and hassle-free loan process
- Convenient repayment schedules
- Low interest rates
- Processing charges and jewel appraiser charges apply
- No hidden charges
Purpose / Objective:
The loan helps meet short-term credit requirements for:
- Crop cultivation
- Repairs of farm assets
- Allied activities like Dairy, Fisheries, and Poultries
- Purchase of inputs like fertilizers, pesticides, and seeds
- Repayment of debt taken from non-financial institutional lenders
Eligibility:
- All individual farmers
Quantum of Loan:
- Agri Jewel Loan Products – 85% of Market value of Gold Jewels pledged OR Scale of finance / unit cost approved by DLTC / NABARD, whichever is less
Repayment Period:
- 12 Months
Rate of Interest:
- Please refer to the Lending Rates link on the Indian Bank website (www.indianbank.in)
Documents Required:
- Duly filled-in application form
- Proof of agriculture land in the name of the applicant and proof for cultivating the crop
- Identity proof – Voter ID, PAN card, Passport, Aadhaar card, Driving License, etc.
- Address proof – Voter ID, Passport, Aadhaar card, Driving License, etc.
Disclaimer:
- The information provided is for reference only. Final loan approval, interest rates, processing charges, and eligibility are subject to Indian Bank’s discretion.
- Please visit the official Indian Bank website or contact your nearest branch for accurate and updated details.
