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RURAL BANK OF XYZ, INC.MICRO AGRA LOAN PRODUCTPolicies and ProceduresManualAs of March 2012Table of Contents1.0 INTRODUCTION×4 1.1 BANKS MISSION (insert) 4 1.2 BANK PRODUCTS AND SERVICES (insert) 4 1.3
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How to fill out micro agri loan product

01
Step 1: Gather all the necessary documents such as identification proof, income proof, land ownership documents, and agricultural business plan.
02
Step 2: Visit the nearest microfinance institution or agricultural bank that offers micro agri loan products.
03
Step 3: Meet with a loan officer and express your interest in obtaining a micro agri loan.
04
Step 4: Fill out the loan application form provided by the loan officer, ensuring you provide accurate information.
05
Step 5: Attach the required documents to the loan application form.
06
Step 6: Submit the completed loan application form and documents to the loan officer.
07
Step 7: Wait for the loan officer to review your application and assess your eligibility for the micro agri loan product.
08
Step 8: If approved, discuss the loan terms and conditions with the loan officer, including the loan amount, interest rate, repayment schedule, and any collateral requirements.
09
Step 9: Sign the loan agreement and any other necessary documents.
10
Step 10: Receive the approved micro agri loan amount into your bank account or in the form of a cheque.
11
Step 11: Utilize the loan amount for your agricultural purposes as outlined in your loan application.
12
Step 12: Repay the loan amount along with the applicable interest within the specified repayment period.
13
Step 13: Keep a record of all loan repayments and ensure timely payments to maintain a good credit history.
14
Step 14: Regularly communicate with the loan officer regarding any queries or concerns related to the micro agri loan product.

Who needs micro agri loan product?

01
Small-scale farmers who require financial assistance to invest in agricultural inputs, machinery, or infrastructure.
02
Entrepreneurs involved in agribusiness who need capital to expand their operations.
03
Farmers or agricultural business owners who face unexpected expenses or seasonal fluctuations in income.
04
Individuals or groups planning to start a new agricultural venture but lack sufficient funds.
05
Farmers in rural areas where access to traditional banking services is limited.
06
Women farmers or self-help groups engaged in agricultural activities who need support to enhance productivity.
07
Farmers looking to adopt modern farming techniques or technologies.
08
Young farmers or new entrants in the agricultural sector who lack the necessary capital to initiate their farming activities.
09
Individuals involved in horticulture, livestock farming, poultry farming, or any other agricultural sub-sector requiring financial support.

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Micro agri loan product is a financial service provided to small scale farmers to help them set up or expand their agricultural activities.
Small scale farmers who are in need of financial assistance for their agricultural activities are required to file for micro agri loan product.
To fill out micro agri loan product, the farmer needs to provide information about their agricultural project, the amount of loan needed, and their repayment plan.
The purpose of micro agri loan product is to provide financial support to small scale farmers to help them improve their agricultural productivity and income.
The information that must be reported on micro agri loan product includes details of the agricultural project, loan amount, repayment schedule, and borrower's financial status.
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