11. Land Development
Purpose
Loans under this category is for various activities like land clearance (removal of bushes, trees, etc.), land leveling and shaping, contour /graded bunding, bench terracing for hilly areas, contour stone walls, staggered contour trenches , disposal drains, formation of roads, reclamation of saline/alkaline soils and fencing etc.
Eligibility:
All farmers owning agricultural land.
Loan Amount: Upto 85 % of the cost of the asset / project.
12. General Credit Card Scheme
Purpose
To provide hassle-free credit to customers from rural and semi-urban centres based on their cash flow without insistence on security, purpose or end-use of the credit. This is in the nature of overdraft with no end-use stipulations.
Eligibility:
GCC can be extended only to individuals who are residents of rural and semi-urban areas and having legitimate source of income. No proof of income is required.
Loan Amount:
Based on the assessment of income and cash flow of the entire household, subject to a ceiling of 40% of the annual income of the members of the household concerned, subject to a ceiling of Rs.25,000/-. |
