Let your idle gold help you achieve farming goals with a specialised finance. Union Krishi Kamdhenu Gold Loan Scheme offers monetary support for agricultural adjacent activities against the security of gold coins and ornaments. Now, you have the right partner to make your farming hassle-free and emergency-proof.
Eligibility
Appraisal Charges
Assessment
Interest Frequency
Margin
Processing Charges
Purpose
Quan
Individuals against security of Gold ornaments/Coins. The total weight of the coins should not exceed 50 grams per customer. However, Gold loan for domestic Jewellery manufacturers/ Exporters is outside the purview of this policy. The scheme will encompass exposure to individual/joint individual customers only. Loans can be granted against gold ornaments/Jewellery and specially minted pure gold coins sold by our bank/other bank. The applicant should be properly introduced to the Bank or his identity and address should be established by verifying ration card/identity card/ passport/Aadhaar Card/PAN card/similar documents acceptable to the Bank. Branches are to ensure that all KYC/AML norms are complied with for all borrowers. All farmers: individuals who are owner cultivators, Agri entrepreneurs, tenant farmers, oral lessees and sharecroppers. Any person engaged in any agriculture or allied activities and wants to repay loans availed from non-institutional lenders as well as persons engaged in activities permitted by RBI to be classified under agriculture. A self-declaration has to be obtained from the applicant that he/she is engaged in Agri and allied activities and that the loan availed Against the pledge of gold ornaments is for repayment of higher interest rate loans availed from non-institutional lenders. This scheme shall be implemented through all rural, semi urban and selected urban branches only.
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