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    Crop Loan

    We found 36 Crop Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    Up to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
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    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Paperless approval option available
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    Fees & Charges
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    Customer Reviews
    11.49% - 18.49% Fixed
    2.5% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    11.49% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
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    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    0.25% to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
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    Fees & Charges
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    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available
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    Eligibility Criteria
    11.49% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
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    Customer Reviews
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
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    Customer Reviews
    13% - 20% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    INSTANT DECISION
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    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
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    Perks
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    Fees & Charges
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    Eligibility Criteria
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
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    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time Within 30 minutes
    What you'll love
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    Personal Loan BYTES FROM OUR KITCHEN

    What is Crop Loan?

    Agriculture is the most important sector in India. But, the farmers face a lot of difficulties with regard to procuring the best seeds to buying the best fertilizer and machinery. To help the farmers and agriculturists with the finances, the lenders are offering crop loans.

    Crop loan is a short term advance that is given to the farmers and agriculturists by banks and co-operative societies. The loan amount can be used to purchase improved seeds, fertilizers, machinery etc. The crop loans are provided as agriculture is a priority sector. The loan is usually repaid in single instalment after the crop production. Crop loan is a Secured Loan and the interest is debit on a half- yearly basis at simple rate of interest. The loans provided by any lenders and co-operative societies can be refinanced by NABARD.

    Steps to get a Secured Loan on Credit

    • Compare all the lenders and the rates that the lender is providing for the crop loans. Look into private sector as well as specified organisations.
    • Based on your initial check, choose certain lenders and make a list so that you know who to approach for different purposes.
    • Run a background checks on the lenders and look into their financial stability and those who have a good customer service.
    • Approach a lender and get a quote and then approach the remaining lenders and try to negotiate the rates.
    • Choose a lender that is understanding of your situation and who is willing to go out of his way to help you.
    • Prepare a document that includes details of your previous performance of the crop that you wish to use as a collateral to avail the loan. You must include information on your asset, current liabilities and other relevant information. Include information that may have negatively impact your crop production as well.
    • Finally submit the application along with the required documents.

    In India, the following banks offer Crop Loans

    • Union Bank of India
    • IDBI Bank
    • State Bank of India
    • ICICI Bank
    • HDFC Bank
    • UCO Bank
    • Axis Bank
    • Allahabad Bank
    • Andhra Bank
    • Bank of Baroda
    • Bank of India
    • Bank of Maharashtra
    • Canara Bank
    • Central Bank of India
    • Corporation Bank
    • Dena Bank
    • Indian Bank
    • Indian Overseas Bank
    • Oriental Bank of Commerce
    • Punjab and Sind Bank
    • Punjab National Bank
    • Syndicate Bank
    • United Bank of India
    • Vijaya Bank

    The following Cooperative Banks offer Crop Loan Schemes

    • National Bank for Agriculture and Rural Development
    • Bihar State Co-operative Bank Limited
    • Haryana State Co-operative Apex Bank Limited
    • National Federation of State Co-operative Banks Limited
    • Odisha State Co-operative Bank Limited
    • Repatriates Co-operative Finance and Development Bank Limited
    • Punjab State Cooperative Agriculture Development Bank Limited
    • Andhra Pradesh State Cooperative Bank Limited

    News About Crop Loan

    • Nashik District exceeds Crop Loan disbursement Target By 18%

      The district of Nashik has placed third in the state of Maharashtra in terms of the disbursement of kharif crop loans. Having exceeded their set target by a modest margin of 18% points, Nashik has left behind several major districts in terms of the crop loan disbursement. A senior district collectorate official spoke that instead of the set target of disbursing Rs 2,350.75 crore for kharif crop loan, the district actually disbursed kharif crop loans worth Rs 2,784.04 crore. The district level consultative committee (DLCC). Lead by the collector was responsible for managing the performance of banks in the district. They had previously implemented various kinds of initiatives in order to not only approach the common man but also make them aware of the advantages of credit services and facilities provided by nationalized banks. Bankers in the district of Nashik have provided loans to the tune of Rs 2,784 crore and exceeded their target by 18%. Other districts such as Ahmednagar disbursed loans worth up to Rs 2,429 crore and were left short of 10% from achieving their target of crop loan disbursal which was Rs 339 crore over the target se for Nashik.

      5th January 2017

    • Cash-strapped KDCC bank has disbursed only a small percentage of crop loans

      The recent demonetisation of high-value currencies by the Modi-led government has put the whole country in a tight spot. From the general public to farmers to banks, everyone has struggled after the demonetisation announcement by Prime Minister Narendra Modi on November 8. The RBI’s stringent disbursement rules have made situations even worse for banks and farmers. Farmers preparing for the Rabi crop season have suffered the brunt of this decision and mostly, the Rabi crop season could be delayed. In the district of Kolhapur, KDCC bank - also suffering from the cash crunch - has been able to disburse only Rs.11.52 crore from October to December for crop loans for the Rabi season. Just last year, in the same period, KDCC was able to disburse loans amounting to Rs.600 crore. The bank manager has blatantly stated that they do not have the money to disburse crop loans to farmers, and this has reflected poorly on the government’s credibility with regard to managing the cash crunch in the country.

      2nd January 2017

    • Nagpur division sees disbursal of Rs.2,803 crore crop loan

      The kharif season of this year in Nagpur saw disbursal of crop loan of Rs.2,803.13 in six districts. The loan amount is Rs.509.08 crore higher than last year’s crop loan disbursal in the kharif season. A target of Rs.2,827.39 crore was set by the state government for the division and according to a report from the divisional commissionerate, 99.14% of the target has been achieved. Total of 3,98,446 farmers have obtained crop loan this year. However, the number of farmers who availed the loan is low as 20% of the account holders are considered to be no more or moved to other places.

      22nd September 2016

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