Agriculture Loan and Insurance

   2020-06-02       41        Agriculture
Rating :
Types of Agricultural Loans in India We can categor

Types of Agricultural Loans in India

We can categorize agricultural loans in 5 categories
1. Farm Storage Facilities Loans or warehousing loan provided by government and banks for storage of farm or agriculture commodities for non-perishable commodities.

2. Farm Operating Loans: agriculture loans for day-to-day needs or expansion requirements.

3. Farm Ownership Loans: These include loans for buying agriculture or farming machinery, livestock, tractors etc.

4. Fisheries Finance Program: This program is designed for specific projects in fisheries that qualify under the direction of Congress. A qualified program is eligible for up to 80 percent financing through a direct loan program. This loan program is designed to refinance a private debt on a fishing vessel or to provide for maintenance and repairs on an existing vessel.

5. Other Agriculture Loans: such as housing loans, grants, subsidy from government for loss of crop, crop damage, whether based agriculture subsidy etc.

State bank of India is a nationalized bank which channelizes all governmental schemes to farmers. Various banks in India provide different crop loans, kisan credit cards, agriculture insurance schemes. Agricultural schemes for farmers are as follows.
- Crop loans: for raising various crops or development of crops.

- Produce Marketing Loan Scheme: provides short term credit during requirement at the time of crop selling.

- Loan Against Warehouse Receipts: farmer can get loans upto 70% of the value of goods for storage of agriculture commodities.

- Kisan Credit Card Scheme: The Kisan Credit Card is a unique scheme for farmers through which they can draw a cash loan for crop production as well as domestic needs from the card-issuing branch within the sanctioned limit.

- Kisan Shakti Yojana: provides farm investment credit, as well as personal/domestic loans including repayment of debt to moneylenders. The permissible loan limit will be 50 per cent of the value of land or 5 times the net farm income, whichever is lower, less the outstanding amount.

- Land Development Scheme: scheme for performing various activities for developing existing land such as land leveling, reclamation of soil, bunding and any other soil conservation measures etc

- Minor Irrigation Scheme: loans provided for digging new wells (open/ bore wells), deepening existing wells, setting lift irrigation etc.

Author Signature :


State bank of India is a nationalized bank which channelizes all governmental schemes to farmers. Various banks in India provide different crop loans, kisan credit cards, agriculture insurance schemes. Agricultural schemes for farmers are as follows.
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100x100
Credit Limit

This program is designed for specific projects in fisheries that qualify under the direction of Congress. A qualified program is eligible for up to 80 percent financing through a direct loan program. ..


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