Aryavart Bank Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Purpose of Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Loan scheme for construction of Rural Godowns / Cold Storage for procuring and storing Agriculture produce of farmers in rural area

Eligibility for Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Individual farmer, Group of farmers, proprietor / partnership firms, NGOs SHGs Corporations, companies, cooperative societies, Agro processing cooperative societies, Agricultural production and marketing societies and marketing Boards

Documents Required for Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Following basic documents are required for getting Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan from Aryavart Bank:

  • Valid Identity Proof (any one): Voter ID Card, Aadhaar Card, Ration Card, PAN Card, Passport, Driving License
  • Valid Address Proof (any one): Lease deed, Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
  • Land ownership/cultivation proof as specified by the lender
  • Any other documents as mandated by the lender

Features and Benefits of Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Quick Processing

After you submit the loan application along with required documents, Aryavart Bank will verify your application. If all the things are found correct, your loan application will be approved by the bank and you will be informed about the same. The loan amount will be released soon after the approval.

Minimal Documentation

For applying for agriculture loan, applicants are required to submit very limited documentation such as an identity proof, address proof, photograph, land ownership proof, etc. These documents are very easily available with the applicants. They need to enclosed the same with the loan application form.

Attractive Interest Rate

Aryavart Bank offers Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan at very attractive and competitive interest rate starting from 8.80% p.a. Being the interest rate on lower side, the overall cost of your loan will also be lower.

Higher Loan Amount

Aryavart Bank provides higher loan amount under Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage which can be utilized by the farmers to meet their farm related financing needs very easily.

Interest Rate for Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

9.85%
Disclaimer: Agriculture Loan interest rates keep on changing. You are advised to check the interest rates with banks before making any decision.     Source: Bank Websites

Processing Fees of Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

Processing fee is a one-time charge to be paid by the borrower to the bank. It is charged to cover the costs incurred by the lender to process the loan. As it is not deductible from the loan amount, borrower is required to pay it separately while finally applying for loan. You need to contact the nearest branch to know latest processing fee.

Other Fees & Charges for Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

  • Outstation Cheque Charges: N.A.
  • Late Payment Penalty: 2% per month on overdue amount
  • Charges on Part Disbursement: Nil
  • EMI Cycle Change Charges: Rs 500
  • Cheque Swapping Charges: Rs 500
  • Legal, valuation and vetting charges: At actuals
  • Stamp Duty and other statutory charges: At actuals as per applicable laws of the State

Repayment Tenure of Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan

The repayment tenure differs from lender to lender. In case of cash credit, it is usually less than 1 year and for long term loans, it varies from 3 to 9 years. There are various flexible loan repayment options available to repay the loan such as monthly, half yearly and yearly instalments, you can select any of them based on your income and repayment capacity.

Why Select Aryavart Bank Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan?

  • Dedicated customer support & service
  • Wide network of branches across India
  • Multiple loan repayment options
  • Attractive & competitive interest rates
  • Project assessment capability is available

How to Apply for Aryavart Bank Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan?

There are following steps through which you can apply for Capital Investment Subsidy Scheme For Rural Godowns Or Cold Storage Loan and avail it easily:

(1) Visiting nearest branch of Aryavart Bank

You can search for and visit your nearest branch of Aryavart Bank .

(2) Meet the Authorised Official

Meet the official authorised for handling agriculture loan related matters in order to get the advice on your eligibility, documents required, interest rate and can take their help in the loan application process.

(3) Obtain Loan Application Form

Obtain the loan application form from the branch.

(4) Fill up Loan Application Form

Fill up the form properly. Mention the details required in the form. Fill up the form in "Capital Letters". In case of any query in filling up the form, discuss with the official.

(5) Attach Required Documents

Attach a copy of the required documents such as Valid Identity Proof, Valid Address Proof, Land ownership/cultivation proof, etc. with the loan application form.

(6) Submit Loan Application Form along with Required Documents

Submit the loan application form along with required documents to the branch and ask for its acknowledgement.

(7) Processing of Loan Application

After you submit the loan application along with required documents, Aryavart Bank will verify your application.

(8) Approval of Loan

If all the things are found correct, your loan application will be approved by Aryavart Bank and you will be informed about the same.

(9) Disbursement of Loan

The loan amount will be credited to your bank account soon after the approval.

Agriculture Organizations in India and in the World

Name of OrganizationHeadquartersPurpose
Indian Council of Agricultural Research (ICAR)IndiaICAR is not only responsible for the farmers, but are also responsible for the citizens of this country as a whole
Food and Agriculture Organization (FAO)Rome, ItalyIt leads international efforts to defeat hunger and improve nutrition and food security.
International Food Policy Research InstituteUSATo improve food security, reduce poverty and improve environmental sustainability under global change.
International Water Management InstituteSri LankaTo focus on the sustainable use of water and land resources in developing countries.
SAARC Agriculture Centre (SAC)Dhaka, BangladeshTo strengthen agricultural research and accelerate technology transfer through establishing regional networks on agricultural and allied disciplines
Central Agricultural University(CAU)IndiaTo impart education in different branches of agriculture and allied science.
World Agroforestry Centre (ICRAF)Nairobi, KenyaTo work towards mitigating tropical deforestation, land depletion and rural poverty through improved agroforestry systems.