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.
