Agri Jewel Loan - Tamil Nadu Grama Bank
The Agri Jewel Loan offered by Tamil Nadu Grama Bank provides farmers and agricultural workers with quick access to funds by pledging gold ornaments. This loan helps meet various agricultural expenses, from crop cultivation to allied activities, while ensuring a flexible repayment structure.
Target Group:
- Farmers / Agriculture labourers
- Tenant Farmers
- Share croppers
- Oral lessee, etc.
Purpose:
The loan is intended to meet agricultural working capital requirements for:
- Crop Cultivation
- Repairs to Farm Assets
- Allied activities like Dairy, Fisheries, and Poultries
- Agro Processing
- Repayment of debt taken from Non-Institutional Lenders
Quantum of Loan:
- 80% of the Market value of Gold Ornaments pledged OR
- Scale of finance / Unit cost for the proposed activity, whichever is lower
Rate of Interest:
- Please refer to the Interest Rate chart or visit the nearest branch
Security:
- Pledge of gold ornaments
Repayment Period:
- 12 months – Bullet repayment (principal with interest)
Processing Charges:
- Up to ₹25,000 – NIL
- Above ₹25,000 – ₹200 per lakh or part thereof
How to Apply:
- Contact the nearest Tamil Nadu Grama Bank branch for more details
Disclaimer:
- The information provided is indicative and for reference only.
- Final loan approval, interest rates, processing charges, and other terms are subject to the bank`s discretion.
- Please visit the official Tamil Nadu Grama Bank website or your nearest branch for accurate and updated details.
