abhishreshthaa
Abhijeet S
Produce marketing loan scheme
The Bank extends financial assistance to help farmers store produce on their own to avoid distress sale. The repayment period of the produce marketing loan (PML) does not exceed 6 months. Further, this facilitates immediate renewal of crop loans for next crop.
Eligiblity-
All categories of farmers - Small/Marginal (SF/MF) and others - are eligible.
The Bank verifies the following aspects before granting the loan:
1) Service Area Approach.
2) Stocks at the borrowers' residence/godown.
3) Stock statement for valuation.
The Bank extends financial assistance to help farmers store produce on their own to avoid distress sale. The repayment period of the produce marketing loan (PML) does not exceed 6 months. Further, this facilitates immediate renewal of crop loans for next crop.
Eligiblity-
All categories of farmers - Small/Marginal (SF/MF) and others - are eligible.
The Bank verifies the following aspects before granting the loan:
1) Service Area Approach.
2) Stocks at the borrowers' residence/godown.
3) Stock statement for valuation.