Krishi Loan in Hooghly- Features, Uses, Documents Needed, Eligibility to Know
Agriculture is the biggest industry all over the country and it plays a significant role in the economic development of our nation. About 70% of Indian households rely on agriculture for their livelihood. In past times the food grain production of the country stood massively. The farmers are given plenty of offers and benefits to assist them in their venture of farming. They need help with irrigation, modern equipment procuring, land loans, etc.
Krishi Loan is the type ion short term advance provided pre-dominantly by the chief cooperative societies within the location, to cover the cultivation costs. It can be used for the purchasing of high-quality seeds, manure, and fertilizers, etc. Once the crops have been harvested this loan can be repaid.
The loan amount of the Krishi Loan in Hooghly is fixed based on the cultivation area and the type of crop being harvested. The DTD fixes the scale of financing needed for each crop in a specific zone. The loan amount would be based on the report.
Features of Krishi Loan-
- Krishi Loan in Hooghly is based upon the type of crop being harvested and the area under cultivation
- Disbursement is in the form of an overdraft facility. The borrowers are provided KCC that can be utilized for different purposes
- Greater value crops can get the greater loan amount
- Motivates modernization and adoption of the newest technological advancement in agriculture.
Krishi Loan- its uses-
- To meet the short term requirement of the crop cultivation
- Produce marketing loan
- Post-harvest expenses
- Investment need of agriculture and allied activities
- Working capital for maintenance of farm assets and allied activities of agriculture
- Consumption need of farmer households
Eligibility
- Farmers jointly or individually
- Age group 18 to 70 years
- Leaseholder farmers, farmland lessee, and sharecroppers
- Self-help groups and joint liability group of the farmers
Documents needed-
Following is the list of the documents needed by most of the loan lender for Krishi Loan in Hooghly
- POI- proof of identity including Voter ID, Aadhar, Passport, Driving license, etc
- POA- proof of address including the latest utility bill, bank passbook, PAN card, Aadhar Card, etc
- Land documents
- Duly filled loan application form
- Security post-dated cheques or other guarantees
Finale
So that is all you must be aware of Krishi Loan before you apply for Krishi Loan in Hooghly. Prepare very well in advance so as to avoid all problems to take place.