| Agricultural Jewel Loan Scheme |
| Purpose / Objective | To meet the short term credit requirements for purchase of inputs like fertilizers, pesticides, seeds etc for carrying out e seasonal agri operations.
|
| Eligibility | All farmers.
|
| Amount of Loan | Based on the scale of finance fixed for individual crops subject to the maximum advance value based on the net weight of jewel ornament which is now pegged at Rs.1750 per gram for 22 carat fineness or 70% of market value of the jewels to be pledged whichever is lower. |
| Interest Rates |
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| Upto 3.00 |
7%(under interest subvention scheme of GOI) |
| >3.00 to 5.00 |
BR + 3.00+0.50 |
| >5.00 |
BR+3.50+0.50 |
|
| Repayment | Loan amount to be adjusted within 2 months from the date of harvest of the crop.
|
| Security | Pledging of jewels.
|
| * BPLR and BASE RATE - Available in Home Page | |
