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Describe the loan policy of Land Development Banks. |
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Answer» The Loan granted by land development banks are repayable within 20 to 30 years. Normally, loans are granted up to 20% of the value of the land or upto 30 times the revenue. Loans are granted only after a through verification of security title deeds as well as the necessity for the loan. The rates of interest for LT loans are generally low and within the paying capacity of farmers. They are around 11 to 12%. |
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