Nurture Your Garden with Special Financing

Under this scheme, you can secure a loan of up to ₹2 crores. The term loan covers up to 85% of the total project cost, providing substantial financial backing for your agribusiness ventures. The repayment period for term loans is a maximum of 9 years, offering ample time for your business to flourish before you need to complete your repayments. The overdraft facility, on the other hand, caters to the recurring costs of one operating cycle, financing up to 75% of these costs.

The repayment structure is designed with flexibility and convenience in mind. For term loans, you can choose to repay in half yearly or yearly installments, allowing you to align repayment schedules with your business's cash flow. The overdraft facility is structured to be repaid on demand, providing you with the agility to manage your finances effectively.

Hypothecation is a form of security where you pledge an asset as collateral for a loan while retaining possession and control of it. Unlike mortgage or pledge, where the lender may hold the asset, hypothecation allows you to use and benefit from the asset while it serves as security for the loan. This is particularly useful in agricultural loans, where assets like crops or equipment are essential for ongoing business operations.

Applying for the Krishik Pushpankura Scheme is straightforward. You can either visit your nearest Karnataka Bank branch or apply online through the bank's website. The application process involves submitting necessary documentation to prove your eligibility, including identity proof, business plans, and financial statements. Our team is always ready to assist you throughout the application process to ensure a smooth and hassle-free experience.

The overdraft facility in the Krishik Pushpankura Scheme is designed to provide you with flexible working capital. It allows you to withdraw funds up to a certain limit to cover the recurring costs of your floriculture operations, such as purchasing seeds, fertilizers, and paying for labor. This facility is especially useful for managing cash flow fluctuations and ensuring smooth operational continuity. The limit is set at up to 75% of the recurring costs of one operating cycle, and the overdraft is typically reviewed and renewed annually.

Karnataka Bank understands that agriculture-based businesses can face unpredictable challenges. If you encounter difficulties in repaying your loan, we encourage you to communicate with us as early as possible. Our team will work with you to understand your situation and explore possible solutions, which may include restructuring your loan, adjusting repayment schedules, or providing guidance on managing your financial challenges. We are committed to supporting our customers through their difficulties and finding mutually beneficial solutions.

Prepayment is an option available to you, potentially reducing your interest obligations. We advise discussing this with us to understanding terms and conditions of the loan.

Yes, it is designed to support a wide range of financial needs whether you're starting a new nursery, setting up a tissue culture lab, or looking to expand your existing flower cultivation operations.

We prioritize expedient loan processing, understanding the importance of timely financial support for your business aspirations.