|
|
Seasonal Crop Credit
This loan is for production of hybrid maize and wheat in high potential gazetted areas. Other seasonal crops i.e. any crop with maturity of less than 12 months qualify.
 |
|
Items financed
- Seedbed preparation
- Seed purchase
- Planting operations
- Fertilizer purchase
- Crop protection chemicals
- Weed control operations
- Harvesting
- Gunny bags
- Spare parts and fuel.
|
|
|
Loan Conditions
- Land must be suitable for the crop to be financed
- Minimum acreage financed is 5 acres
- Client to raise 20% of the project cost.
- Applicants with land not owned must provide a lease of not less than 3 years, registered by the local land register.
- Payment period is within 12 months (one installment).
- For each loan 25% of the loan funds is retained for harvesting.
|
