PACS Pothgal offers Long term loans to purchase Harvesters, Tractors,  Sheep and Dairy.

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The loan amount is decided on the government value of the land owned by the farmer. Present value is 1,50,000 per acre.

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A quotation from the dealer is required for purchase of harvester and tractor.

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The loan amount has to be paid twice in a year up to 5 years tenure.

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70% of the harvester and tractor is issued as loan.

 

Sheep and dairy loan amount is decided by the current government value. 

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Refundable share capital of Rupees 15,000 is deducted for loan amount greater than Rupees 1,00,000. Insurance need to be paid by the farmer.

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Legal fee of Rupees 1,000, Stamp duty fee of 1% of loan amount up to Rupees 3 Lakhs and above 3 Lakhs, 0.5% stamp duty has to be paid by the farmer.

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B Class membership fee Rupees 100 ( If  a person has membership in the Society, B Class fee is exempted).

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Documents needed for LT loans:

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1. 13 years Pahani from MRO.

2. 1B and latest Pahani from MEE SEVA.

3. Original old and new Pattedar Passbooks.

4. EC/Valuation certificate from Sub-Registrar.

5. Map of farmer's land from MRO or Surveyor.

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