We know that agriculture is the most important sector in India, but farmers still face many problems when they do not have money to buy high quality seeds and fertilizers and machinery. Due to which they cannot get more production from their crop. Seeing these problems, the banks started giving crop loans to help the farmers financially. So let us know in detail about this agricultural loan .... What is a Crop Loan? Crop loans are basically short term loans given to farmers by banks and cooperatives. The farmer can use this loan to buy various items like improved seeds, fertilizer, machinery etc. These loans are usually repaid in one installment after crop production. How can you get this loan? If you have land, you can take this crop loan without mortgaging anywhere. This loan (without guaranteed loan) does not require any guarantee. The limit was fixed at Rs 1 lakh, which has now been increased to Rs 1.60 lakh by the RBI. If you want to take a loan of more than Rs 1 lakh, you have to give a mortgage with a guarantee for this. How to apply for a crop loan offline: To apply offline, you need to visit your nearest bank branch. The bank executive will then give you an application form and explain the whole process. After which you can fill in the required information and submit the application form to the bank. How to apply for a crop loan online: First of all, go to the official website of your banks and read all the instructions carefully and fill in the required information and apply. Source: krishi jagran, 22 August 2020, If you feel this information is useful to you, like and share it with your friends.