Designed for farmers and agri‑entrepreneurs, the Agriculture & Allied Loan supports crop cultivation and allied farming activities—such as irrigation systems, farm machinery, livestock, poultry, and other agri ventures. Provided under cooperative bank/crop‑loan frameworks, it focuses on timely, cost‑effective credit.
| Eligibility | Class A or D members of Tirur Urban Cooperative Bank, with documented agri occupation or project proposal. |
| Purpose | Financing for crop cultivation, micro‑irrigation (drip systems, borewells), farm equipment, dairy/poultry units, and allied businesses. |
| Repayment Period | Short-term crop loans: typically 1 year or seasonal cycle |
| Investment loans (e.g. equipment or livestock): 2 to 5 years, EMI or non‑EMI repayment | |
| Interest Rate | Crop credit: subsidized; often 7–9%, potentially 0% with timely repayment and government subsidy |
| Allied/investment credit: around 9–12% p.a., depending on borrower profile or collateral |
| Loan Processing Charges | |
|---|---|
| All Loans including Surety loans, MWL (Except gold loans, Deposit loans, NSC Loans, and loans to Staff) | 0.8% of the loan amount + GST |
| Cost of all loans (Mortgage) form | Rs.250/- + GST |
