Karnataka Gramin Bank Sericulture Loan Loan

Purpose of Sericulture Loan Loan

Mulberry crop, cocoon rearing, construction of sericulture rearing house and purchase of equipments

Eligibility for Sericulture Loan Loan

  1. Applicant should have an experience in sericulture
  2. Irrigated land
  3. Consent from sericulture department for raising crop/technical supervision.
  4. Marketing facility

Documents Required for Sericulture Loan Loan

Following basic documents are required for getting Sericulture Loan Loan from Karnataka Gramin 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 Sericulture Loan Loan

Quick Processing

After you submit the loan application along with required documents, Karnataka Gramin 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

Karnataka Gramin Bank offers Sericulture Loan 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

Karnataka Gramin Bank provides higher loan amount under Sericulture Loan which can be utilized by the farmers to meet their farm related financing needs very easily.

Interest Rate for Sericulture Loan Loan

12% to 13%
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 Sericulture Loan 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 Sericulture Loan 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 Sericulture Loan 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 Karnataka Gramin Bank Sericulture Loan 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 Karnataka Gramin Bank Sericulture Loan Loan?

There are following steps through which you can apply for Sericulture Loan Loan and avail it easily:

(1) Visiting nearest branch of Karnataka Gramin Bank

You can search for and visit your nearest branch of Karnataka Gramin 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, Karnataka Gramin Bank will verify your application.

(8) Approval of Loan

If all the things are found correct, your loan application will be approved by Karnataka Gramin 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.