Last Updated on 22/02/2018


To finance share croppers / tenant farmers/ Small and Marginal farmers to purchase land for cultivation or for other allied activities to Agriculture.


Small and Marginal farmers, share croppers/ tenant farmers are eligible.

Total land owned by the borrowers including the land to be purchased under the scheme should not be more than 5 acres of un-irrigated land or 2.50 acres of irrigated land.

Amount of Loan

Maximum of Rs 10 lacs


A minimum of 10 % margin for loan amount exceeding Rs 1 lac.


The land purchased out of Bank finance, mortgaged in favour of the Bank.


Maximum of 12 years in half yearly or yearly instalments, including a maximum moratorium period of 24 months.

Rate of Interest

Varies from time to time. Presently

Upto Rs.5 lacs: One year MCLR+1.40%

Above Rs.5 lacs upto Rs.10 lacs- One year MCLR+2.25%

Other details

Project cost may include besides cost of land, value of stamp duty, registration charges for sale/ mortgage deed and other land development expenses.

For other details, please contact your nearest IOB branch.