Agriculture Term Loan

Agriculture Term Loans are long-term loans designed to help farmers and agricultural businesses finance capital-intensive activities or assets that will be used over a prolonged period, typically more than a year. These loans are ideal for investments such as purchasing land, machinery, agricultural equipment, greenhouses, irrigation systems, or even for land development and infrastructure improvements in farming.

Agriculture Term Loans help boost the productivity and sustainability of agriculture by enabling farmers to invest in assets and technologies that improve efficiency, reduce costs, and enhance yield over the long term. The loan is typically repaid over a longer period, and the interest rate is often lower compared to other types of loans, especially when it is backed by government schemes.