PACS Pothgal provides crop loans to farmers. The loans will be disbursed in the months of July and August of every year.
The loan amount is Rupees 35000 for 1 acre and the highest loan amount is Rupees 3,00,000.
The interest rate on crop loan is 7% per annum and the payment of interest is paid twice in the year. Renewal of principle amount should be done twice in the year.
A refundable share capital of 10% is deducted on the loan amount.
Documents required for the crop loan:
1. New Pattadar Passbook.
2. 1B and Pahani latest from MEE SEVA.
3. KDCC Bank Account.
4. No due certificate from other bank.
5. Aadhar Card.
6. 4 Passport size photos.