Due to the ongoing lockdown amid the Corona epidemic, people are facing economic problems and this also upset the farmers of the country. To overcome these problems of farmers, SBI has started the Agri Gold Loan Scheme.
Under this scheme, farmers can take loans according to their requirements by giving gold ornaments kept in their homes. During the lockdown, more than 5 lakh farmers have taken advantage of this loan scheme of SBI.
Information about Agri Gold loan scheme
Under this scheme, gold jewelry is deposited and the loan is taken as per requirement. The farmer applying for this has to give a copy of his agricultural land in the bank. Loans under this will attract an annual interest of 9.95%. If the farmer is landless but has a tractor on his name, then the loan can be taken by depositing ornaments based on that tractor.
For more information related to this scheme, visit https://sbi.co.in/hi/web/agri-rural/agriculture-banking/gold-loan/multi-purpose-gold-loan#show
Source: Dainik Bhaskar
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