Sbi’s Land Purchase Scheme also gives you 1-2 years of free time. That is, if the land is to be corrected according to cultivation, sbi gives you a free period of one year for two years and if there is already a developed land.
New Delhi: State Bank of India (SBI) has come up with a brilliant scheme for farmers. The bank is offering a special loan to increase the income of farmers. If farmers do not have land to cultivate, SBI is now giving loans to buy cultivated land under a special scheme.
Land Purchase Scheme is for farmers
If you want to cultivate and you don’t have land or have less land, you can take advantage of the Land Purchase Scheme(LPS) of the State Bank of India (SBI). State Bank of India (SBI) is offering loans to buy cultivated land. According to our colleague zeebiz.com, there are many people who want to cultivate their jobs and careers, but they are not able to realise their dreams because they are not cultivating land. Such people have come out with the country’s largest government bank to realise their dreams.
Up to 85 per cent loan
The biggest advantage of the Land Purchase Scheme (LPS) is that the scheme will have to pay only 15 per cent, the remaining 85 per cent will get the loan. You are given 7 to 10 years of time to repay the loan. You will get ownership of the land after repaying the loan. The scheme will give loans to those who do not have any loan arrears.
You also get 1-2 years of free time in the Land Purchase Scheme. That is, if the land is to be corrected according to cultivation, sbi gives you a free period of one year for two years and if there is already a developed land.
Who can apply
Those who have less than 2.5 acres of land can apply for loans under the scheme. Those who do not have land can also apply. Yes, the bank record of borrowers should be good.
