Krushi Vikas Loan
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- Krushi Vikas Loan
- The Gujarat State Co-op. Agri. & Rural Dev. Bank Ltd. has started Medium Term KVL Scheme since 1.12.2005.
- According to provision of the Gujarat State Co-op., Act, the bank is not permitted for short term lending.
- Recently, the bank has started new scheme which is called "SWARNIM KRUSHI VIKAS LOAN SCHEME" for lending Rs. 3 lacs for 3 years period.
- Salient features of the scheme :
- Purposes Included : Fertilizers, Pesticides, Seeds, Purchase of Agri. Machinery Maintenance, Payment of Agricultural Electricity Bill etc.
- Amount and Repayment Period :
Details |
Amount |
Period |
K.V.L. |
Rs. 3 lac to 5 lac. |
3 years (6 Half yearly installment) |
- Inspection Fee :
- The first time, the minimum amount of loan demand Rs 500 / - or the loan amount at the rate of 1% - which one is higher
- Due Dates (Half Yearly)
- 31st May and 30th November every year.
- Out of total advances more than 50% share of Krushi Vikas Loan lies in total disbursement of the bank. Recovery percentage is also higher with compare to all other purposes.
- Being a long term financial institution, our KVL scheme is different as compared to all other banks.
- Above KVL loan is available in all our branches of the State in which KVL recovery percentage is higher than 80%.
- Rate of Interest :Click Here