Contract Farming Finance

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Contract Farming Finance

Farmers approaching the Third Party (TP) to sell their future produce are enquired in case they are in need of credit (for procurement of irrigation related equipment's for the relevant crop production) and also towards financing requirement for cultivation of crop, purchase of inputs, payment of labour charges and hire charges of machines / animals

Maximum Tenure
60 Months

Interest Rate
15%

Processing Fees
1% + GST

Features and benefits

Funding the farmers who maintain a contractual agreement with the TPs (including Jain FPU)

Easy
Application

We provide door-to-door service so that you can submit your application from the home. SAFl sales executives are their across 74 branches

Flexible
Tenure

The tenure is flexible; however maximum tenor for this product will 36 month. Tenure for cultivation loan will be maximum for 1 crop cycle and subject to maximum of 1 year

Eligibility Criteria

  • Farmers / Producers supplying agricultural produce (subject to permissible list of agricultural items as specified by SAFL from time to time) to those TPs (including JISL Food Processing Unit) with whom SAFL has entered into an Agreement for providing credit to their farmers
  • Farmers in need of financing requirement for cultivation of crop, purchase of inputs, payment of labour charges and hire charges of machines / animals will be subject to 25% over and above Scale of Finance decided by District Level Technical Committee.

Documents Needed

The document required to apply for Loans are easy to obtain. It's best to gather all loan against property documents before you submit your loan request. Indicated below is the list of documents required to avail a loan against property.

Photo Identity Proof

  • Aadhar card
  • Voter id
  • Valid passport
  • Updated Bank passbook with Photo attestation by nationalized bank/Pvt Bank
  • PAN Card
  • ID Proof issued by Panchayat
  • Gram Sevak

Address Proof

  • Aadhar card
  • Ration card
  • Voter id
  • Electricity bill
  • Valid passport
  • Rahivashi Dhakla issued by sarpanch of the village
  • Updated Bank passbook of nationalized bank/Pvt Bank with same address
  • Address proof issued by Gram Sevak

Income Proof

  • Latest Saving account passbook for the past 6 months.

Documents from third party

  • Latest 3 years Audited annual report duly attested by Company Secretary.
  • Memorandum and Articles of Association
  • Bye laws of society duly attested by Company Secretary
  • From farmer - 7/12 Extract, 8A
Corporate Office:

Sustainable Agro commercial Finance Ltd, 1st Floor, Marshall Building, Shoorji Vallabhdas Marg, Ballard Estate, Fort,
Mumbai - 400001
Boardline: 022-22101111 / Fax No.: 022-22105555