Poly Loan - Agri & Rural
Loan scheme for Polyhouse
Purpose:
Term loan to meet the cost of construction of polyhouse and purchase of required machinery/ equipment, etc.
Features
- Type of Facility : Agriculture Term Loan
- Quantum of Loan :
- Minimum – Rs. 1.00 lakh
- Maximum – Rs. 5.00 crores
- Margin :
- ATL : 15% of the project cost
- 15% of the project cost
- Interest Rate
- a) Up to Rs. 50 lakhs: MCLR + 2.00% p.a.
- b) For loans above Rs.50 lakhs: As per Bank’s guidelines
- Insurance :Insurance of assets purchased /created out of Bank’s finance for full market value.
- Processing Charges : As per Bank’s extant guidelines for Agri Segment
- Moratorium :
- 12 Months Maximum (Should be decided because of activity Financed)
- Based on the type of activity.
Eligibility
- Individuals/ group of progressive farmers/ FPOs/ JLGs/ SHGs having assured irrigation facilities
- The location of the farm should be conducive for marketing of the produce.
Security
- Primary : Hypothecation of crops and polyhouse including all machinery /equipment & other assets created out of Bank’s finance.
- Collateral :
- Up to Rs 1.60 Lakhs: - Nil
- Above Rs 1.60 Lakhs: - As per Bank’s guidelines
Repayment
- Repayable in 72 months including maximum moratorium of 12 months.
Documents Required
- Duly filled in application form
- Proof of agricultural land/ cultivation.
Last Updated On : Thursday, 05-02-2026
Interest Rates
6.95%
2 years to less than 3 years
5.75% p.a.
for loan amount up to Rs. 2 lacs
7.90% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Miscellaneous Activities
Limited Time Offers - Unlimited Joy
Rinn Samadhan 2024-25 Scheme (For Agri Segment)
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
6.95%
2 years to less than 3 years
5.75% p.a.
for loan amount up to Rs. 2 lacs
7.90% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs




