ST Loan

Short-term crop loan disbursed through the Bank’s MPACS network to cover seasonal input costs (seed, fertilizer, labour), repayable after harvest and sale, and extendable to allied activities like dairy, fishery and poultry.

Features

• Covers land-improvement, irrigation and allied agricultural activities alongside seasonal crop finance.
• Disbursed and collected through the local Multipurpose Primary Agricultural Credit Society (MPACS).

Interest Rate

• Approximately 12.50% p.a. when routed through the cooperative/MPACS committee structure.

Loan Amount & Tenure

• Indicative ceiling: up to ₹3 lakh per borrower (varies by crop pattern and MPACS assessment).
• Loan period around 5 years with semi-annual instalments (typically due around November and May), aligned to Kharif/Rabi cycles.

Eligibility

• Small and marginal farmers who are members of a Multipurpose Primary Agricultural Credit Society (MPACS).

Documents Required

• Application routed through the borrower’s MPACS, with land/crop details attached.
• Photograph and photo identity / age proof.
• Signature verification and residence address proof.
• KYC documents (PAN, Aadhaar, etc.) for borrower and guarantor.
• Nominal member application with applicable fee.