Agricultural loans are given to farmers for the following purposes
Buying farmland
Construction of barns
Buying agricultural machinery, tools, and hi-tech equipment
Construction of irrigation channels
Insurance for crops
Buying cattle and sheep
Maintenance of farm
Different Types Of Agricultural Loans
Given below are some of the agricultural loans that are commonly provided by banks and financial institutions in cambodia.
Agricultural Term Loan
Agricultural term loans are provided to meet bigger expenditures like purchasing tools and machinery, installation of turbines or windmills, construction of better facilities for irrigation or for building a barn. This is a long term loan.
Agricultural Gold Loan
Loan against gold is provided by banks for the purpose of agriculture and farming.
Crop Loan Credit Card
To meet the seasonal requirements of farmers banks provide a short-term loan which is the crop loan. The requirements include buying seeds/crops, sowing, weeding, and harvesting. A crop loan is usually a smaller amount compared to the other types of agricultural loans.
To overcome the lengthy process in getting agricultural loans from the banks the government of India came up with a scheme called Kisan Credit Card. This scheme allows farmers to access finance easily at a very low-interest-rate along with good repayment options. Rural customers can access this scheme from all the nationalized banks as well as some of the private banks.
Working Capital Loans For Agriculture
The working capital requirements of farmers and the others who are involved in agriculture and related work are met with the help of working capital loans. This loan is used by farmers to meet those expenses that are not covered under the crop loan.
Agriculture Working Capital Loan
This agricultural loan helps to meet the working capital requirements of farmers and other people engaged in agriculture or allied/related activities.
Loan For Horticulture
Horticultural loans are provided for the purpose of horticulture. This includes clearing of wild trees, setting up of vegetable plantations, orchards, building fences/boundary walls and so on.
Forestry Loan
The main purpose of this loan is to cultivate crops that grow on trees.
Mechanization Loans For Farms
These loans are provided to buy/replace machinery, tools, and farm vehicles.
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Documents Required And Process Of Application
APPLICATION DETAILS
First Name:________________________ __
Last Name:_________________________ ___
Gender:_______________________ ________
Marital status:_______________________
Contact Address:______________________
Country:_____________________ ________
Amount Needed as Loan:________________
Loan Duration:_____________________ ___
Monthly Income/Yearly Income:_________
Occupation:__________________ _______
Purpose for Loan:___________________
House Phone:________________________ ________
Cell Phone:________________________ ________
Have you apply for a loan before? ________
website:www.
company sokchannyfinancialsvc@gmail.
company skype:www.sokchannyfinancial
Telephone: +855 965 904 672
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