SBI is providing Agriculture Gold Loan via YONO. Know how to avail?

The largest public sector lender in the country offers SBI's Agri gold loan. Interested people can apply for a loan through the SBI app YONO.

SBI Agriculture Gold Loan: Here is an important update from the State Bank of India (SBI) for farmers.

*If there are any questions and details, interested people can access the official SBI website at sbi.co.in.

Recently, SBI posted on Twitter its official Twitter handle on the Agri Gold loan. The tweet said, "Get an SBI Agri gold loan at a low interest rate with YONO."

Benefits

A few of the loan benefits mentioned above are as follows:

1) SBI's Agri Gold loan offers a low-interest rate of 7 percent

2) Another benefit is the immediate punishment of the loan

3) Interested persons may apply through YONO for immediate consideration

4) There is also the advantage of easy payment

Type of institution

Now, interested people should know the type of location and the amount of the loan. As with the official SBI website, no loan is available for gold bars. However, up to 50 gm of bank gold coins are allowed. The quantum loan amount is based on the previous amount of gold ornaments per gram of different levels of purity (24/22/20/18 carats).

The purpose of the loan is to meet the production/investment interim credit requirements of the following categories:

1) Farmers, who work in agriculture, cultivate their land and/or rent or cultivate crops.

2) Farmers in joint ventures such as Dairy, Chicken, Fish, Pig, Sheep, etc.

3) Entrepreneurs and farmers, who need investment credit to acquire farm equipment, do land development, irrigation, farming, agri-product transport, etc.

4) All other agricultural activities are subject to agricultural restriction in accordance with the RBI / GoI / NABARD guidelines

Who can help?

The loan center is available in the following categories:

1) All farmers: Owners of farmers, entrepreneurs of Agri

2) Rental farmers, oral tenants & partners

3) Any person who is involved in any agricultural or joint venture activity and who wants to repay a loan obtained from non-institutional lenders and persons performing activities approved by the RBI to be included in agriculture. The applicant's declaration must be obtained that he/she is busy in agriculture and related activities and that the loan proceeds against the Gold Decorations are for a higher interest rate loan available from non-institutional lenders.

4) Proof of record of land and activities of Agri. (over Rs 2 lakh)

It should be noted that loans can be obtained through the SBI YONO application.