TREE LOANS

LIST OF BANKS PROVIDING TREE LOANS

STATE BANK OF INDIA

PARTICULARS FOR AILANTHUS TREE LOANS

Type of loan:                           Agricultural term loan
To Whom :                              Ailanthus cultivators whom contract with Vasan match works company

Loan amount:

Interest rate:                        11.25% (Rs50, 000     - upto 2 lakhs) (94 paise/month)
Security:                              Upto 50,000 – No need land security
Distribution of loan:               Yearly depending upon expenses
Repayment:                         7th Year end – single term
Needed certificate:                Chitta, Attankal, No dues certificate, Passport size photo.