PNB Kisan Gold Scheme will be eligible for only those farmers who have substantial land and who are continuously taking any type of loan benefit and there is no NPA record for the last two years as on the date of application.
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PNB Kisan Gold Scheme: Farmers looking for financial assistance for their daughter’s marriage, construction of their houses, or their child’s education can now apply for PNB Kisan Gold Scheme (PNB Kisan Gold Scheme) You can get help from. PNB has launched Kisan Swarna Yojana for farmers to increase their production and investment in agriculture and allied sectors. (Kisan Gold Scheme) has started. The government has launched this scheme to help farmers with activities related to rural housing and consumption needs as well as financial needs for marriage, education and religious or family functions.
PNB Kisan Swarna Yojana: Eligibility Criteria
Only those farmers will be eligible for this scheme who have substantial land and who are continuously taking any type of loan benefit and there is no NPA record for the last two years as on the date of application. New farmers having satisfactory dealings with other banks for a minimum period of 2 years will also be eligible. If the mortgaged land is in the name of more than one farmer, then all will be jointly eligible. The above track record of 2 years can be relaxed in case of new farmers having good deposits for last 2 years provided:
The loan is secured by 100% liquid collateral security such as National Security Scheme. Or the loan is secured by 50 per cent liquid collateral security and 50 per cent by the land lender. Necessary approval has to be obtained from the competent authority for planning etc. for housing. Other requirements of the home loan scheme of the bank also have to be filled. The maximum age limit for rural housing is 60 years at the time of submission of application, up to 65 years, if legal heir is standing as guarantor.
loan limit
Maximum: 50 lakh rupees. Minimum 75% of the limit for productive purposes. 25% of the loan amount or Rs 5 lakh, whichever is less, should be given for non-productive purposes, which can include Rs 3 lakh for rural housing and a maximum of Rs 2 lakh for consumption.
Minimum of: 5 times the average annual (2 years) gross income of the borrower.
other: 50% of the value of the mortgaged land.
loan repayment
Cash Credit Limit: Should be equal to the aggregate credit outstanding (last 12/18 months) Working capital for allied activities: 12 months Housing: 9 years (with 12 months gestation) Main agricultural activity: Up to a maximum of 9 years Allied agricultural activity : up to a maximum of 7 years
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