![]() Loan for Allied Agricultural Activities: Farmers involved in allied agricultural activities can apply for such type of loans if they need to raise working capitals to meet their farming expenses.The repayment tenure for such loan schemes go up to 10 years. Solar Pump Set Loan: If a farmer is involved in small irrigation projects and require capital to buy photo voltaic pumping system, then availing a solar pump set loan is the appropriate option. ![]() The repayment tenure for such kind of loan schemes can go up to 4 years allowing the farmer to repay the amount in a convenient manner. One can avail this loan to buy or upgrade equipment such as windmills, solar power, etc. Agricultural Term Loan: These are long term loan schemes which a farmer can avail to meet their non-seasonal expenses.The farmer gets a credit card called the Kisan Credit Card on availing this type of loan which they can use to withdraw money to make necessary purchases to meet their farming needs. Crop Loan: These types of loans are also known as Retail Agri Loans is a type of loan which allows a farmer to meet his short-term expenses arising due to cultivation of crops, maintenance of farm equipment, and other post farm activities. ![]() The following are used to administer the CALA program.Given below is the list of types of agriculture loans that you can avail for yourself: Lenders can register loans and submit the associated registration fee using the CALA Online Loan Registration System. If a purchase has already been made, a lender has 60 days from the purchase date to issue a CALA loan. The CALA Program has been designed to enable lenders to incorporate it into their normal lending practice, while providing the government guarantee on eligible loans to farmers and agricultural co-operatives. Lenders must take the same care and prudence in issuing CALA loans as would be taken in conducting ordinary business. Lenders, such as banks, credit unions and caisses populaires, issue and administer loans under the CALA program. The maximum aggregate loan limit for agricultural co-operatives is $3 million, with the Minister's approval.įor example: If a farmer gets a CALA loan for $300,000 for a tractor, he can still access up to $200,000 for land purchase or building repair, or $50,000 for another implement and $150,000 for land purchase or building repair.
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