Rate of Interest
  

The Bank has reduced the rate of interest from 17% (1999) to 10%-11% p.a. Rate of interest 
            charged from the borrowers w.e.f. 1.12.2003 is as under:  -
  

Sr.No. 

Name of Scheme

Rate of Interest
(Charged from ultimate borrowers)

A

Minor Irrigation Schemes, Land Development, Dry land Farming,

Waste Land Development

 

 

 i. Upto Rs. 50000/-

10% p.a.

 

ii. Above Rs.50000/-

  10.5% p.a

 B

 

 

 

Farm Mechanisation, Cold Storage,

Rural  Godowns, NFS, Rural  Housing &

Agri Business Centre, Cattle sheds and others

 

 

 

 

 i. Upto Rs. 50000/-

10% p.a.

 

ii. Above Rs.50000/- to Rs.2.00 lac

  10.5% p.a

 

iii. Above Rs.2.00 lac

11% p.a.