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(For Punjab farmers only) Under this scheme, Primary Agriculture Development Banks provide loans for fruit orchards as per the details given below:


 

 

Name of the Fruit

No of the Plants

Area

Initial Expenses

Second Year

Third year

Fourth Year

Total Expenses
(rupees)

Orange/
Guava/
Peach

275

1

15650

2890

3040

3090

24,670/-

Naaka

180

1

13370

2390

2540

2540

20,890/-

Ber

125

1

13370

2390

2540

2540

20,890/-

Mango/ Leechi

125

1

12730

2240

2390

2490

19850/-

Orange/ Lokaat

125

1

12730

2240

2390

2490

19850/-

Grapes

400

Per Acre

76560

4750

----

----

81,310/-


Additionally, the bank also provides a loan amount of Rs 6,500 towards levelling the land and preparing it for fruit orchards.


Terms and Conditions

1. Minimum area for the plantation should be one acre.

2. The farmer must have adequate arrangement for watering the plants.

3. A farmer must have at least three acres of land under cultivation or he must have income from other sources so that till orchard bears the fruit and provide him with income, he is able to take care of his familial responsibilities and also bear the required expenditure for livelihood and orchard.

4. The department will buy the plants from an approved nursery.

5. As given above, the full loan will be given in four years, of which the cost of the plants shall be directly paid to the nursery.

6. All other installments of loans will be released only after the consumption of the preceding installment released to the borrower.



Loan will be repaid as per the details given below:


S.No

Fruit

Time for fully-grown Orchard

Period of loan repayment (Inclusive of time for fully- grown orchard)

1

Citrus type

5 Years

10-15 Years

2

Mango

5 Years

12-15Years

3

Leechi

5 Years

12 Years

4

Pears

5 Years

12-15 Years

5

Ber

5 Years

10-15Years

6

Peach

5 Years

10-15 Years

7

Guava

5 Years

10-15 Years

8

Grapes

5 Years

7-9 Years

9

Lokaat

5 Years

12-15Years


  • To find the nearest Primary Agriculture Development Bank (PADB) branch from your village/town, and read more about loan mechanism, kindly go to the 'PADB Loans' section in Schemes Channel

                             

                                          
 
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