Agri And Allied Loan
MUDHALPADI deeply values its connection to our agricultural heritage. Demonstrating this commitment, MUDHALPADI is prepared to offer financial support to farmers, contributing to the enhancement of rural communities and ensuring they flourish on par with their urban counterparts in terms of development and opportunities.
Mudhalpadi offers Agri and Allied loans for the farmers of Tamilnadu.
Types of Loans
Mudhalpadi offers Agri and Allied loans for the farmers of Tamilnadu.
Types of Loans
Features and Benefits
Flexible Tenure
You can choose your loan tenure
Credit Enhancement
Customer is eligible for top-up of loan amount after 12 months EMI are repaid.
Eligibility
- Nationality: The farmer should be Indian
- Nature of Business : Farming and agriculture business
- Credit Score: 685 or higher
- Age: 21 years to 75 years
- Business vintage: Eligibility will be reviewed on a case to case basis
- Work status: Self-employed / Farmers / firms involved in agri activity
- Applicant should hold minimum 2 acre Agricultural land for Agri And Allied Loan
- Eligible Businesses:
- Dairy / Poultry/ Fisheries/ Horticulture
- Goat / Sheep rearing / nursery / Organic farming
- Agri Clinic and Agri Business Centers
Required Documents
Photo Identity Proof
- Aadhar Card
- PAN Card
- Voter Id
- Valid Passport
- ID Proof issued by Panchayat
- Updated Bank passbook with Photo attestation by Nationalized Bank/Pvt Bank
Address Proof
- Aadhar Card
- Ration Card
- Voter Id
- Electricity Bill
- Valid Passport
- Updated Bank Passbook of Nationalized Bank/Pvt Bank with same address
*Please choose any 2 documents from each photo identity proof and address proof list.
Income Proof and other Documents
- MSME Certificate
- Farmer's Certificate
- Proof of farming business
- Copy of Registered Partnership Deed if any
- 6 Months Bank Statement of the borrower
- Copies of all existing facility/ sanction letters
- Income Tax Returns
- Crop details,including cultivation plans and expected yields
- Copy of monthly and quarterly GST Returns
- Financial Statements
Collateral Documents
- Title Document
- Proof of agricultural land
- Pledge agreement
- Tax Certificate
- Non - encumbrance letter
- No objection Letter and other documents as per sanction