What Are Agriculture Land Loans?
Agriculture Land Loans are the loans which help people use their land or property to get money when they need it. At Kissandhan, this type of support is offered through the Jansamridhi Loan Micro LAP. It allows borrowers to take a loan by giving their land papers as security, while still keeping full ownership of the land. This loan is made for people in rural areas who need a simple and safe way to access funds with clear steps and proper checks.
Why Do Farmers Need Agriculture Land Loans?
Farmers are at risk of running out of money because of their seasonal incomes. They often will need funds to pay for their farming needs. They may need funds to expand existing farmland for higher crop production or even to consolidate fragmented land into a single, manageable farm. Agriculture Land Loans offer farmers the ability to get short-term funding to help them meet these needs quickly and securely.
Benefits of Agriculture Land Loans
Agriculture Land Loans offer many advantages. Borrowers can take up to ten years to fully repay their Agriculture Land Loan. Under the Jansamridhi Loan, borrowers can receive loans of up to twenty-five lakhs. Therefore, Agriculture Land Loans offer borrowers a great deal of flexibility. The processing time for these loans are very fast and the interest rates are very attractive. Only minimal documentation is needed for the Jansamridhi Loan thus reducing the burden on applicants.
Who Can Apply for Agriculture Land Loans?
To apply for this type of loan the applicant is required to provide the most basic document needed to sign and secure ownership. In addition, the applicant must provide KYC documents, property ownership documentation, bank account statements etc. Kissandhan will review the provided documentation and conduct a thorough valuation of the property before approving a mortgage for the applicant. Anyone with the right ownership documentation and the required documentation can easily apply for this type of loan.
Documents Required and Eligibility Criteria
In order to qualify for a Jansamridhi Loan, applicants must have at least 10,000 rupees monthly income and submit a filled-out application along with KYC documents, a recent photo, and documentation concerning their bank account(s) and property. For loan applicants who already have loans, they must provide copies of all loan agreements and business applicants may be required to furnish proof of having registered as an MSME (Medium Small and Medium Enterprises). Submitting these items verifies the applicant’s identity, income and ownership of assets; these are the central eligibility requirements for receiving a Jansamridhi Loan.
Why Choose Kissandhan for Agriculture Land Loans
Kissandhan is an RBI-regulated Non-Banking Financial Company. It is a wholly owned subsidiary of Sohan Lal Commodity Management Limited (SLCM), a post harvest agri-logistics services group, which offers agricultural financial products. Farmers and rural entrepreneurs tend to use Kissandhan because it provides custom-tailored financial products for agricultural businesses. Kissandhan has its own financing product called Jansamridhi loan, along with additional financial products, all giving access to credit using a variety of different types of property as collateral. The loan amounts from 2 lac to 25 lac and repayment terms of up to 10 years, which allow farmers and rural entrepreneurs to buy and improve their land, even when they do not have ample capital resources. In addition, they are well-known for quick approvals, limited documentation, and easy documentation. Being a non-banking financial company (NBFC), with a strong expertise in agrarian finance and an extensive presence in the rural areas of India, Kissandhan provides customer-oriented services and competitive interest rates, giving farmers a very trusted and accessible option for land-based financing.
How Kissandhan’s Agriculture Land Loans Work
Kissandhan uses a systematic assessment procedure to ensure that farmers get the correct funding for their requirements. Following the review of a borrower’s land records, income profile, capacity for repayment and purpose for loan use, Kissandhan carries out a credit assessment on borrowers’ property. Funding will be disbursed directly into the borrowers’ bank account after approval and funding of loans. Borrowers receive support from Kissandhan’s team, which provides banking and financial services even in remote locations where traditional banks and financial institutions may not be present.
About Kissandhan
We provide structured financial solutions to enterprises operating in the agricultural ecosystem. We are an RBI regulated non-banking financial company (NBFC) and a subsidiary of SLCM Group. We have built a presence in multiple Indian states and have facilitated a large number of loan disbursements. Kissandhan’s primary focus is on supporting organizations such as farmer producer organizations (FPO), processors, agribusiness micro, small and medium enterprises (MSME) and participants in the commodity eco-system by providing them with transparent, data-driven, operationally sound financial solutions. Our focus is based on their ability to identify challenges at the root level and provide scalable solutions based on a proven track record to support organizations to achieve their growth objectives.
Making Land Linked Decisions That Strengthen the Future
Investments in land require careful consideration and the support of a reliable financial institution. The use of Agricultural Land Loans gives organizations an opportunity to expand their business, construct facilities, and create value for many years into the future while allowing them to continue conducting business as usual. When working with an NBFC that specialises in agriculture and has extensive knowledge of the agriculture sector, it is possible to create significant value for an organisation through land investment.
If you are considering a land acquisition or developing a long-term strategy for your organisation, we would be happy to assist you in determining what type of finance is best for your needs. Contact us to discuss how we can help you.
