Bank of India

Loans : Bank of India

| | | |

|

A- A+

You are here ->Loan & Advance ->landdevelopment

Tuesday, 07-Feb-2012

Agriclinics & Agribusiness

Composit Cash Credit

Farm Mechanisation

Financing for Draught Animals & Carts

Land Development

Minor Irrigation

Poultry Development

Purchase of Land

BOI Shatabdi Krishi Vikas Card

Kisan Credit Card

Kisan Samadhan Card

Star Bhumiheen Kisan Card

Online Services

::

::

::

:: know more

::

::

::

::

::

::

::

LAND DEVELOPMENT

Land degradation is the major problem of Indian Agriculture. Most of the land area in our country shows evidence of degradation, affecting thereby the productive resource base. Out of 329 million hectares of land in the country, about 175 million ha. (53 %) is suffering from degradation in some form or the other. There are 7.61 M ha of salt affected soils in India as per the Ministry of Agriculture, GOI. The extent of this problem area as given by different sources varies from 8.56 M ha to 10.9 M ha. Water logging affects another 8.52 M ha mainly in the irrigation commands, which includes some of the saline-alkali soils also.

Soil degradation takes place for various reasons like cultivation of same type of crops year after year, excessive use of chemical fertilizer. Excessive and uncontrolled irrigation, excess use of ground water also degrades the soil. Banks extend finance farmers for the purpose of Land Development and Development of Waste land.

2. PURPOSE:

Land leveling, reclamation of soil, bunding and any other soil conservation measures

3. ELIGIBILITY:
a) Farmers owning land
b) Farmers cultivating registered leased land

4. QUANTUM OF LOAN

Quantum of loan will depend upon the estimated cost of the scheme. The nature of treatment and material required per unit of land should be ascertained from the concerned department of the state Govt.

5. SECURITY:

Principal/Collateral:

a) Loan limit upto Rs.50,000/- Term loan agreement (CHA-1)(mortgage not required)
b) Loan limit above Rs.50,000/- 1. Term Loan Agreement – CHA-1

2. Mortgage of land or declaration as per Agricultural Credit Act or Collateral Security of adequate worth. For legal Mortgage CHA-IV)

Other Common documents:
a) Demand Promissory Note
b) L-515
c) L-516
d) Letter of Guarantee from Guarantor/s whenever considered necessary (CHA-3)

6. MARGIN:

Loan upto Rs.50,000/- Nil
Loan over Rs.50,000/- 15% to 25%

7. MODE OF DISBURSEMENT:

The loan amount should be disbursed in stages depending upon the progress as per project report. The hire charges for the machinery and implements should be paid directly to the executing agency after obtaining progress/completion statement from the farmer.

8. REPAYMENT:

Normally such loans should repaid within 9-15 years depending upon the loan amount and income of the farmer from various sources. Moratorium should be given to the farmer for repayment of loan if necessary.

The installments may be fixed half yearly/annually according to the cropping pattern and income generation. The due dates of installments should synchronize with the marketing of the crop produce.

Announcement

Analyst Meet Presentation for 31.12.2011

Reviewed Financial Results for the period ended 31.12.2011

Notice of Board Meeting

Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

Chairman & Managing Director's Message & Address

Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

Watch recorded webcast of Analyst Meet-30.09.2011

Watch recorded webcast of Press Meet-30.09.2011

Financial Results for the quarter / half year ended 30th September 2011

Analyst Meet Presentation-30.09.2011

Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

Watch webcast of 106th foundation day

Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

:: Foreign Branches

Branch / ATM Locator

	Branch Locator
	ATM
	Foreign Branches

Sitemap | Disclaimer

© 2010 Bank of India. All rights reserved

For optimum view of this site you must have IE 5.0 and above

It is recommended to use Internet Explorer 8 for Safe & Secure Browsing. You may download Internet Explorer 8 by clicking on “Logo”
For Safety tips and guidelines on secure browsing through IE 8, please visit : http://www.microsoft.com/windows/internet-explorer/features/safer.aspx