Krishi VaartaKrishi Jaagran
Learn how farmers can take advantage of SBI Agri Gold Loan Scheme!
The State Bank of India (SBI) is the largest bank in the country, covering crores of farmers and their families. They started the Agri Gold Loan Scheme, so far millions of farmers are taking advantage of it. If a farmer wants to take advantage of this scheme, then he can easily get a loan by showing his land documents and depositing gold ornaments in the bank.
SBI Agri Gold loan comes with attractive interest rates and it can be availed immediately and most important is that through these loans all agricultural activities can be covered. Under this scheme, a farmer can deposit his gold ornaments in the bank and take a loan as per his requirement. But it is mandatory to have agricultural land in the name of the farmer, for this a photocopy has to be deposited in the bank.
Types of SBI Gold Loans
There are two types of gold loans for farmers - Agri Gold Loan Crop Production and Multi Purpose Gold Loan.
Benefits of SBI Gold Loan
This loan can be obtained easily by pledging gold jewellery
The loan process is easy as well as convenient.
low interest rates
no hidden charges
Documents Required for SBI Agri Gold Loan
Two passport size photos
ID Proof - Voter ID, PAN Card, Aadhaar Card, Driving License
Address proof - Aadhaar Card, Voter ID, Passport
Proof of agricultural crops or land
How to get SBI Agri Gold Loan (How to get SBI agri gold loan)
If you want to take an SBI Agri Gold loan, then you have to go to the nearest SBI branch.
There you can ask the bank officials to give you the loan application form and also ask about the process.
Apart from this, farmers can also apply for SBI Gold loan through the YONO app. For this, you have to apply online by visiting the official website of SBI https://sbi.co.in.
Source: Krishi jagran, 12 july 2020
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