Agriculture Loans

Welcome to Gadchiroli District Central Co-Op Bank’s Agriculture Loan Page!

At Gadchiroli District Bank, we recognize the vital role of agriculture in our district’s economy. That’s why we are committed to providing comprehensive financial solutions to support farmers in their agricultural endeavors. Our agriculture loans are designed to meet your unique needs, helping you achieve success and growth in the agricultural sector.

Features

How to Apply

Note

Scheme & Interest Rates

Required Documents

Features

How to Apply

Note

Scheme & Interest Rates

Sr. No.	Loan Scheme	Loan Limit	Loan repayment period	Interest Rate
1	Godown Construction Loan (Individual Members)	100 Metric Ton to 5000 Metric Ton	12 years	12.00%
2	Godown Construction Loan (for Societies)	100 Metric Ton to 5000 Metric Ton	12 years	12.00%
3	Medium Term Direct Loan Policy to Farmer Members under Water Supply Scheme (Electric Pumps, Pipe Lines)	85 percent of the quotation	5 years	12.00%
4	Loan for purchasing Tractor trailers and tools as well as threshers Machine	85 percent of the quotation	12 years	12.00%
5	Silver Jubilee Agricultural Credit Limit Direct Loan Policy	₹ 1.00 lakh	10 years	10.00%
6	Kisan Credit Card Loan for Working Capital (Animal Husbandry, fishery and Dairy Business).	As per qualification	6 years	6.00%
7	GDCC Shetakari Samadhan Loan Scheme	₹ 0.50 lakh	10 years	10.00%
8	Pradhan Mantri Micro Food Processing Industries Scheme (PMFME)	₹ 10.00 lakhs	12 years	12.00%
9	Prime Minister’s and Chief Minister’s Employment Generation Programme Scheme (PMEGP and CMEGP)	₹ 5.00 lakhs	5 years	12.00%
10	Wakhar Mahamandal Loan	₹ 1.00 lakh or 75 percent of the deposit whichever is lower	12 years	12.00%

Required Documents

Sr. No.	Loan Scheme	Links
1	Godown Construction Loan (Individual Members)	Click Here
2	Godown Construction Loan (for Societies)	Click Here
3	Medium Term Direct Loan Policy to Farmer Members under Water Supply Scheme (Electric Pumps, Pipe Lines)	Click Here
4	Loan for purchasing Tractor trailers and tools as well as threshers Machine	Click Here
5	Silver Jubilee Agricultural Credit Limit Direct Loan Policy	Click Here
6	Kisan Credit Card Loan for Working Capital (Animal Husbandry, fishery and Dairy Business).	Click Here
7	GDCC Shetakari Samadhan Loan Scheme	Click Here
8	Pradhan Mantri Micro Food Processing Industries Scheme (PMFME)	Click Here
9	Prime Minister’s and Chief Minister’s Employment Generation Programme Scheme (PMEGP and CMEGP)	Click Here
10	Wakhar Mahamandal Loan	Click Here

Partner with Gadchiroli District Bank today and unlock the financial support you need to nurture your agricultural dreams. Together, let’s cultivate a prosperous future for our farming community!

Quick Links

The Gadchiroli District Central
Co-op Bank Ltd. Gadchiroli

Head Office

Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.

Contact Us

Call Us: 07132-233438, 233570
Mail Us: support@gdccbank.com

Help Desk

For RTGS/NEFT Assistance
07132-232050
For ATM Card Assistance
07132-233571
Missed Call Balance Enquiry
09289201111
For Mobile Banking
07132-233571

Useful Links

Locate Us

Branches
ATMs

The Gadchiroli DCC Bank Pvt. Ltd.
Register with DICGC

Eligibility	Required documents	Terms and Conditions
Salaried/ Businessmen	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• The business of the applicant should be in the district.
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Godown should be in construction district
	• Business Registration Certificate	• Should have a regular savings/current account.
	• Last 3 years income tax return and balance sheet if business	• Applicant’s CIBIL score should be above 700.
	• Consent letter of surety on stamp paper of ₹100	• The member has to contribute 25% of the project cost.
	• Last 3 years income tax return if guarantor is professional	• The loan is to be repaid in 20 semi-annual equal installments over a period of 10 years.
	• Bank account statement of Salary of Guarantor.	If the applicant repays the loan in one lump sum, the interest will be charged as per the daily product.
	• Agreement/Guarantee on stamp paper of ₹100	• The loan shall have two competent guarantors.
	• Municipal/Nagar Panchayat/Gram Panchayat Godown Construction Approval Certificate.	• Fixed asset valuation should be one and half times of loan demand amount.
	• Search Report and Valuation Certificate of Fixed Assets from Bank Panel Architects and Advocates	• The wet land area of the member should be 5 acres or dry land should be 10 acres
	• Credit Certificate of Service Co-operative Society	• Should be a regular loan payer
	• Status certificate.	• The amount of subsidy received by the beneficiaries should be deposited in the “Subsidy Reserve Fund” account, the bank will not pay interest on this amount and the bank will charge interest on the remaining loan balance after the subsidy amount is collected from the total loan.
		• The member has to insure the warehouse in his own name and in the joint name of the bank at his own expense.
		• The godown will have to put up a nameplate courtesy of The Gadchiroli Zilla Cooperative Bank under “Ministry of Agriculture, Government of India Rural Godown Scheme”.
		• Registered mortgages and encumbrances have to be registered in the name of the bank.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents & Terms and Conditions
Co-operative Societies	• The area of operation of the cooperative society should be limited to Gadchiroli district.
	• The organization which does not have a godown will be given priority for setting up a godown.
	• Considering the financial turnover of the cooperative society, consideration will be given to sanction additional godown.
	• The savings/current/loan account of the organization should be regular.
	• The organization should be financially viable.
	• 25% of the project cost has to be self-invested.
	• For construction of godown, the site should be registered in the name of the organization and it should be duly occupied by the organization.
	• There should be no financial irregularities in the functioning of the organization.
	• The audit of the organization should be up to date
	• The organization has to take insurance of the godown in the joint name of the bank and the organization at its own expense.
	• The loan is to be repaid in 20 semi-annual equal installments over a period of 10 years.
	• Name plate courtesy of “The Gadchiroli District Central Cooperative Bank Ltd. Gadchiroli ” will have to put up on the godown under “Ministry of Agriculture, Government of India Rural Godown Scheme”.
	• Registered mortgages and encumbrances have to be registered in the name of the bank.
	• The amount of subsidy received by the organization should be deposited in the “Subsidy Reserve Fund” account, the bank will not pay interest on this amount and the bank will charge interest on the remaining loan balance after the amount of subsidy is collected from the total loan.
	• Agreement/Guarantee on stamp paper of ₹100
	• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
	• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• Applicant’s farm should be within the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Should have a regular savings/current account.
	• updated 7/12, Gaon Namuna 8A, Chartusime Map and Status Certificate	• Applicant’s CIBIL score should be above 700.
	• No Dues Certificate of PAC/AVK Society.	• 15 percent self-investment amount from the member has to be paid in advance in the branch
	• Acknowledgment of Feasibility/Application from MSEB	• If the loan of the member is not withdrawn within 6 months from the date of approval, the member will not be able to withdraw the loan without taking the prior permission of the head office.
	• Authorized dealer quotation	• Additional penalty interest will be charged at the rate of 1 percent on overdue loans.
	• On 7/12 the burden should be recorded and all assets (materials and materials) created should be insured in the joint name of Beneficiary, The Gadchiroli District Central Co. Bank Marya, Branch ——–. Also, the member has to renew the insurance policy from time to time at his own expense.	• The loan repayment period will be 5 years.
	• If there is a common partner’s name on Satbaya then his consent letter has to be taken on stamp paper of ₹100/-.	• The loan shall have two competent guarantors.
	• Agreement/Guarantee on stamp paper of ₹100	• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.
	• If the surface irrigation scheme is from a river :-
	• If the scheme is from river, lake, dam, canal then water permit of concerned department.
	• Receipt for electricity supply.
	• Digging consent letter (on stamp paper of ₹100/-) if pipeline passes through other farmers’ fields
	• Permission letter from concerned department for excavation if pipeline is passing through E-class land/road.
	• L section and estimate from authorized engineer in case of pipeline above 1000 meters is required.
	• Authorized dealer quotation
	• If the Upsa Irrigation Scheme is from a well, if the said well is within 500 meters from the source of drinking water, Hon. Collector’s permission letter.

Eligibility	Required documents	Terms and Conditions
Farmers	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• The applicant’s farm should be in the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Should have a regular savings/current account.
	• updated 7/12, Gaon Namuna 8A, Chartusime Map	• Applicant’s CIBIL score should be above 700.
	• Income proof of last 3 years	• Out of the 12 acres of land owned by the applicant, 5 acres should be under cash crops.
	• No Dues Certificate of PAC/AVK Society.	• The member (or family member) should not be in default of any cooperative society loan or nationalized bank loan.
	• Quotation from authorized hardware/vehicle dealer	• The member had to contribute at least 15 percent of the total cost (tractor, trailer and plow implements) as self investment.
	• Agreement/Guarantee on stamp paper of ₹100	• The amount of tractor trailer and tools as well as threshing machine will be paid to the seller through RTGS/NEFT/DD.
	• Last 3 years income tax return if guarantor is professional	• The loan repayment period will be 7 years.
	• Salary slip and bank account statement if surety is salaried.	• Bank’s name has to be hypothecated on RC book of the vehicle.
	• Consent letter of surety on stamp paper of ₹100	• Machinery and vehicle insurance should be renewed every year
	• Photo of Machinery or vehicle.	• The loan will be repaid in equal monthly installments.
		• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
		• The loan shall have two competent guarantors.
		• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• The applicant’s farm should be in the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	Should have a regular savings/current account.
	• updated 7/12, Gaon Namuna 8A, Chartusime Map and Status Certificate	• Applicant’s CIBIL score should be above 700.
	• Income proof of last 3 years	• Applicant should be a regular 3 year crop loan repayer
	• Letter of acceptance of all terms and conditions of credit limit.	• The member should not have any loan from any other bank or credit institution and should not have outstanding loan from Primary PAC/AVK Society.
	• If there are names of members involved on the 7/12, applicant have to provide Letter of consent on Rs.100/- stamp paper with the signature of competent authority.	• The sanction rate on agricultural area will be ₹10,000/- per acre.
	• Consent letter of surety on stamp paper of ₹100	• The maximum credit limit will remain at a maximum of ₹1,00,000/- only.
		• Applicant can withdraw up to 90 percent of the sanctioned limit and 10 percent of the amount has to be reserved for interest recovery.
		• Cash credit loan should be renewed on 31st January every year.
		• 7/12 has to be recorded as a burden in the name of the bank.
		• The loan shall have two competent guarantors.
		• Interest will be charged monthly.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• The applicant’s farm should be in the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Should have a regular savings/current account.
	• Fisheries Business Beneficiary members should have ponds, farm-ponds, reservoirs etc. Own land/pond on lease, business license will be required for fishing business.	• Under the said scheme, farmers/fishermen/dairy/animal husbandry/PAC/AVK societies members as well as individual direct loan holders who are members under Kisan Credit Card will be eligible to take member loans.
	• A farmer member engaged in goat rearing/boar rearing/poultry rearing in animal husbandry business will need own land/pond on lease, business license.	• Farmer members who have animal husbandry, dairy, fishery business will be disbursed loan according to the rate given for working capital.
	• Members doing dairy business should have their own/rented/leased shed.	• The member will not be eligible to take loan if the member has any outstanding loan from the bank or any other bank in the joint family for the said business.
	• Letter of acceptance of all terms and conditions.	• Loans for working capital will be made available as per the unit rate fixed by the Honorable Expert Committee but the due date of loan repayment will be 31st March as per Bank’s KCC Policy
		• The working capital loan available for the said business will be disbursed up to a maximum of ₹ 2.00 lakh per unit as per the given loan rate. (Working capital loans will be provided as decided by the expert committee after considering the hectare and number for fish farming and animal husbandry)
		• Applicant’s CIBIL score should be above 700
		• Interest will be charged monthly.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• The applicant’s farm should be in the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Should have a regular savings/current account.
	• If there are names of members involved on the 7/12, applicant have to provide Letter of consent on Rs.100/- stamp paper with the signature of competent authority.	• Farmers taking loans under the scheme should have being regular 3 year crop loan repayments from banks/Society.
	• Letter of acceptance of all terms and conditions of credit limit.	• Farmers who are getting the benefit of PM Kisan Yojana can take loan under the scheme.
		• Should not have any overdue loan from any other bank
		• Farmers who are sanctioned loan under Rajat Mahotsavi Krishi Pat Maryada Yojana will not be eligible to take loan under this scheme.
		• The sanction rate on agricultural area will be ₹ 7,000/- per acre.
		• The credit limit will remain at a maximum of ₹ 50,000/- only.
		• Applicant can withdraw up to 90 percent of the sanctioned limit and 10 percent of the amount has to be reserved for interest recovery.
		• Cash credit loan should be renewed on 31st January every year.
		• 7/12 has to be recorded as a burden in the name of the bank.
		• Interest will be charged monthly.
		• No refund of interest will be applicable.
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers/ Businessmen	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• Should have a regular savings/current account.
	• Nominal membership fee (applicant, co-applicant and guarantor)	• The loan limit is up to ₹10.00 lakhs and the applicant should have 15 to 40 percent self-investment as per the project report/quotation/loan demand.
	• Along with the loan proposal, the project report received from the Agriculture Department should be submitted.	• Applicant’s CIBIL score should be above 700.
	• The permanent property should belong to the applicant or co-applicant. (Consent on ₹100 stamp paper if co-applicant has permanent property.)	• The loan tenure will be 5 years
	• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) of Property.	• The loan shall have two competent guarantors.
	• Last 3 years income tax return if guarantor is professional	• Courtesy of “The Gadchiroli District Central Co-operative Bank Limited, Gadchiroli Branch—–” plaque will have to be put up under the Pradhan Mantri Micro Food Industry Upgradation Scheme.
	• Salary slip and bank account statement if guarantor is salaried.	• The repayment period of the said loan will be 5 years
	• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) has to be registered as burden in the name of the bank .	• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
	• Agreement/Guarantee on stamp paper of ₹100	• The material amount will be paid to the seller through RTGS/NEFT/DD.
	• Business Base Industry Certificate	• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.
	• Authorized dealer quotation.

Eligibility	Required documents	Terms and Conditions
Farmers/ Businessmen	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor	• Should have a regular savings/current account.
	• Nominal membership fee (applicant, co-applicant and guarantor)	• The loan limit is up to ₹5.00 lakh and the applicant has to provide 15 percent self-investment as per the project report/quotation/loan demand.
	• Along with the loan proposal, the project report received from the General Manager, District Industries Center should be submitted.	• Applicant’s CIBIL score should be above 700.
	• The permanent property should belong to the applicant or co-applicant. (Consent on ₹100 stamp paper if co-applicant has permanent property.)	• The loan tenure will be 5 years
	• Non-agricultural/Gaon Namuna 8 A/Gavthan/Property Mutation (Akhiv Patrika) of Property.	• The loan shall have two competent guarantors.
	• Last 3 years income tax return if guarantor is professional	• Courtesy of “The Gadchiroli District Central Co-operative Bank Limited, Gadchiroli Branch—–” plaque will have to be put up under the Pradhan Mantri/Chief Minister Employment Generation Program Scheme.
	• Salary slip and bank account statement if surety is salaried.	• The mortgage and encumbrances have to be registered in the name of the bank.
	• Agreement/Guarantee on stamp paper of ₹100	• The bank reserves the right to change or introduce new terms and conditions.
	• Business Base Industry Certificate.	• The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant.
	• Authorized dealer quotation.	• The material amount will be paid to the seller through RTGS/NEFT/DD.
		• Age limit 18 to 50 years
		• Educational Qualification is Minimum 8th pass
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.

Eligibility	Required documents	Terms and Conditions
Farmers/ Businessmen	• Loan Demand Application	• The applicant should be a resident of the district.
	• Aadhaar Card/PAN Card and updated photographs of applicant, co-applicant and guarantor	• The applicant’s farm should be in the district
	• Nominal membership fee (applicant, co-applicant and guarantor)	• Should have a regular savings/current account.
	• The loan balance certificate of the institution of which the applicant is a member has to be attached with the loan application.	• The member should be an farm land holder and a member of a service co-operative society, if such a member keeps the goods produced by him in a warehouse, the loan can be taken against the security of such warehouse receipt.
		• Loans will not be given on pledge of perishable goods and cotton, loans will be given on food grains, oilseeds,Pulses.
		• Maximum of ₹1,00,000/- and 75 percent of the mortgage receipt, whichever amount is less, can be given as a loan to member. Borrower member can get equal additional class of amount of crop loan to repay the loan.
		• The loan will be given keeping the difference between the price shown in the receipt of the agricultural commodity kept in the warehouse or the market price of the same commodity in the market whichever is less. The margin will be changed according to the guidelines decided by the Reserve Bank regarding whether to give or not to give margins as per instructions issued by the Reserve Bank from time to time.
		• In all types of recoverable loans with the member, the amount of advance given to the member will be recovered.
		• The loan tenure will be maximum 6 months and minimum 1 month If the loan is repaid within 1 month, ₹50 will be charged as contingency.
		• Interest will be charged every 3 months at the end of September, December, March and June, but if the loan is repaid in between then the interest will be charged till that date.
		• The warehouse receipt have to mortgaged in the name of the bank.
		• The agricultural produce kept in the warehouse should not have been produced more than three to four months before the time of taking the loan.
		• If the loan defaults, the member will be given a notice to pay the loan. If the member does not fully pay the mortgage loan with interest within the time specified in the notice, the bank will have the right to seize the mortgaged goods from the warehouse and sell the goods in the market to recover the loan with interest and expenses.
		• The loan will be disbursed after the member submits the promissory note and loan bond to the bank before taking the loan, The loan amount will be deposited in his savings account in the branch and he should withdraw the amount from that account as per requirement.
		• While lending against mortgage receipt the distance must be maintained as follows. (a) Food grains- 25 percent (b) Pulses- 30 percent (c) Oilseeds- 40 percent
		• The bank reserves the right to modify, relax and increase the terms and conditions of the loan.