Purpose: To purchase Agriculture property as mentioned in the companies Memorandum of Agreement.
Maximum limit: Rs.20.00 crores
Eligibility: Company should be 'D' class member of the bank and should have registered under Companies Act.
Quantum of finanace: 80% of the Government value of the collateral and purchased property or maximum 80% of the agreement value whichever is less.
Term: 10 Years
Security: Simple mortgage of the collateral property and Deposit of title deed of purchased property.