Checklist of Documents Required for Women Group Loan
Agriculture remains a backbone of India’s economy, with millions relying on farming as their primary livelihood. To support farmers, various financial institutions and banks offer agricultural loans tailored to meet diverse needs, from long-term investments to short-term requirements for crop production. These loans are designed to help farmers manage their operations efficiently, covering essential costs such as seeds, fertilizers, pesticides, irrigation, and equipment. By providing flexible repayment options and competitive interest rates, these loans empower farmers to enhance their productivity and achieve financial stability.
Required Documents
Primary ID: Aadhaar
Secondary ID: PAN card
Third ID: Bank Passbook and Photo
In case of non-availability of PAN card, customer needs to submit Voter ID / Rasan Card
Residence Proof: Any of the valid KYC documents
For Terms and Conditions, please contact the D.M.A. TFL.
Women group rate of interest is 2.0%
File Charges 3880.00/- (Security Amount) will be refunded three thousand with the loan amount & DOCUMENTARY FEES:- 880/-(NON- REFUNDABLE) .
Steps to Applying for an Agricultural Loan
Before applying for an agricultural loan, you must double-check the loan plan. Ensure you read all the Terms & Conditions of the loan. You will need to submit all the documents asked by the lender. There are some institutions and banks which offer online services too. In this case, you just need to properly navigate to the lender’s website. Enter all the details asked by the website and upload all the necessary documents. The loan lender will review your application. After the review & verification is completed, the lender will sanction your loan.
