Agri Loan
Get the seed money to your farming business from MUDHALPADI!
Recognizing the paramount significance, Mudhalpadi is dedicated to prudently investing in such loans to accelerate the progress of farming businesses throughout Tamil Nadu. Our commitment to nurturing the agricultural sector, cultivating its robust growth, and contributing to the overall prosperity of the region.
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 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