DEVELOPMENT BANKING
Krushi Navodaya Loan Scheme
  • Introduction
  • The implementation of this special Loan Scheme, introduced through the 2007, with the intention of improving the income generating Sources of small farmers and the self-employed engaged in varied economic activity in the field of agriculture.

  • Project Implementation Area
  • All districts in the island.

  • Quantum of Loan
  • Maximum per person is Rs.100,000/- while the minimum is Rs. 10,000/-

  • Repayment Period
  • Should be between 09 to 36 months. (Any grace period allowed also should be within the stipulated 3 year period.)

  • Securities
    • Two Personal Guarantors acceptable to the Bank or
    • Mortgage over movable or immovable property or
    • Other securities acceptable to the Bank.