Jewel Loan in PNB

Hello sir I am here as I want to get the information related to PNB SONA KRISHI RIN YOJANA (PNB Gold Agri- Loan Scheme) so will you please provide me the information??

Punjab National Bank is an Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi, India.

Founded in 1894, the bank has over 6,300 branches and over 7,900 ATMs across 764 cities

As per your demand here I am providing you information related to PNB SONA KRISHI RIN YOJANA (PNB Gold Agri- Loan Scheme)

Eligibility Criteria:

Any person engaged in agriculture or allied activities as well as persons engaged in activities permitted by GOI / RBI to be classified under agriculture.

Loan will be given based on declaration. Additionally, proof, of pursuing the activity to be given for loans above Rs. 1 lakh.

Nature of Loan:

a. Short term Production Credit
The same may be granted as a Cash Credit / Overdraft or single transaction-Demand Loan with one year tenor Where the KCC facility has been allowed, the guidelines applicable for KCC Scheme are to be followed.

b. Term loan-
Upto 36-60 months depending on the purpose


Margin:
CC/Short Term Loan - 5%, Term Loan - 20%


Repayment of Loan:

Cash Credit / Overdraft:
An operative limit/ cash credit account for a period of 5 years (on the lines of revised KCC Scheme) subject to annual review.

Demand Loan –
Repayment should be fixed based on the income generation coinciding with harvest and the marketing time, total period not exceeding 18 months.

Term Loan:
The repayment period of the loan should be fixed in line with the Term loan purpose but not exceeding 5 years, coinciding with the harvesting and marketing season / generation of income from the activity.

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Answered By StudyChaCha Member