10. Agri Gold - Demand Loan (Allied Activities)

This is granted to any farmer engaged in allied agricultural activities like Dairy,Poultry, Piggery, Sheep, Fisheries etc.to be classified under agriculture as per RBI/GOI/NABARD guidelines. The benefit of interest subvention is not eligible to this loan.

Eligibility: Any person engaged in allied agricultural activities requiring working capital or investment credit as permitted by RBI to be classified under agriculture.

Advance Value: As fixed by the Bank from time to time

Quantum of Loan: The amount of loan that can be granted against the security of Gold ornaments should not be higher than the advance value of the Gold ornaments pledged with a maximum limit of Rs.3 Lakhs.
 
Security: Gold ornaments pledged.

Repayment: Should be repaid within a Maximum period of 12 months

Rate of Interest: (Up to 3 lakhs)1.75% above Base Rate.

Processing Fee

• As applicable to Agricultural Gold loan.
  
• Prevailing rate Rs.4 per Thousand minimum Rs.30, maximum. Rs.250

Appraisal Charges

• To be paid to the appraiser.
• Rs.1/1000 Min Rs.50 or part Max Rs.300/-