| Purpose / Objective | Short term production needs / working capital needs for agriculture, allied activities and consumption needs of farmers. |
| Eligibility | Farmers who need loan of Rs.25000/- and above against the pledge of gold ornament alone are entitled for SOD.
|
| Amount of Loan | Presently Rs.750 per gram (or) 70% of the market value of the jewels to be pledged whichever is lesser.
|
| Interest Rates |
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| Upto 3.00 |
7% |
| >3.00 to 5.00 |
BPLR + 0.50% |
| >5.00 |
BPLR + 1.00% |
|
| Repayment | * Interest should be charged and paid every half year.
* Account to be reviewed once in 6 months and renewed once in a year.
|
| Security | Pledging of jewels.
|
| * BPLR and BASE RATE - Available in Home Page | |
