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Canara Scheme for Redemption of Debts

Term finance for distressed farmers to redeem eligible non-institutional debt, capped at the lower of the documented dues, 150% of gross annual income or ₹50,000.

Interest rateNot published on the reviewed debt-redemption page; confirm the applicable agricultural rate at sanction.Maximum amountUp to ₹50,000, limited to the documented non-institutional debt and 150% of gross annual income; title-investigation and mortgage costs may be included.TenureWithin five years, with quarterly, half-yearly or yearly instalments based on farm income generation.
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Quick eligibility check

Canara Scheme for Redemption of Debts

0 of 3 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: the limit is capped at 150% of gross annual income and ₹50,000?

Published source: Minimum income

2Do you meet this requirement: The loan must be sufficient to clear the entire non-institutional debt?

3Are you this type of customer: The farmer must disclose debt source and amount and undertake not to borrow from non-institutional sources while the loan is outstanding?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; eligible farmer borrowers

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeAgricultural term loan to redeem documented debt owed to non-institutional lenders.View source
The official purpose is relief from non-institutional farmer debt and the facility is a term loan.
Source
Scheme for Redemption of debts
Page / section
Purpose; Nature of facility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateNot published on the reviewed debt-redemption page; confirm the applicable agricultural rate at sanction.View source
No numeric interest rate is stated.
Source
Scheme for Redemption of debts
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNot published on the reviewed page.View source
No benchmark is specified.
Source
Scheme for Redemption of debts
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR.View source
No is displayed.
Source
Scheme for Redemption of debts
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income is published; the limit is capped at 150% of gross annual income and ₹50,000.View source
The page uses annual income as a cap, not a minimum threshold.
Source
Scheme for Redemption of debts
Page / section
Quantum of Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountUp to ₹50,000, limited to the documented non-institutional debt and 150% of gross annual income; title-investigation and mortgage costs may be included.View source
The quantum section states the ₹50,000 and 150%-of-income limits.
Source
Scheme for Redemption of debts
Page / section
Quantum of Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureWithin five years, with quarterly, half-yearly or yearly instalments based on farm income generation.View source
The official repayment row gives a five-year maximum and three frequencies.
Source
Scheme for Redemption of debts
Page / section
Repayment Period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeNot published on the reviewed debt-redemption page.View source
No processing charge appears.
Source
Scheme for Redemption of debts
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot published on the reviewed debt-redemption page.View source
No early-closure charge appears.
Source
Scheme for Redemption of debts
Page / section
Complete page
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Debt-redemption term loan
  • Up to 150% of gross annual income, maximum ₹50,000
  • Nil margin
  • Spouse/adult-child co-obligation and land mortgage security
  • Repayment up to five years
  • Quarterly, half-yearly or yearly instalments

Eligibility

  • The loan must be sufficient to clear the entire non-institutional debt. The farmer must disclose debt source and amount and undertake not to borrow from non-institutional sources while the loan is outstanding.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, and farmer-income evidence
  • Written declaration of each non-institutional debt
  • Lender/money-lender outstanding proof
  • Land title and mortgage documents
  • Spouse/adult-child co-obligation documents

Related official documents

Scheme for Redemption of debtsofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Consumption Loan · Eligibility / purposeExisting borrower in calamity-declared rural/semi-urban area

This value is copied from Canara agricultural loan scheme terms. Check the table notes before relying on it.

Source: Canara agricultural loan scheme pages · Eligibility; Quantum; Margin; Security; Repayment Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 4 columnsCanara agricultural loan scheme termsPublished eligibility, limits, rates and repayment rules from four current Canara agricultural loan pages.View tableHide table

Scroll sideways to view every column

Canara agricultural loan scheme terms
ProductEligibility / purposeAmount / rateSecurity / repayment
Consumption LoanExisting borrower in calamity-declared rural/semi-urban area₹15,000; one-year + 0.20%Clean unsecured; 36 months incl. 12-month holiday
CreditTenant/oral-lessee/sharecropper groups of 4–10No overall ceiling; scale-of-finance basedHypothecation; 12 months short crops / 18 months long crops
Produce LoanFarmers storing produce; traders excluded₹75 lakh NWR/eNWR or ₹50 lakh other WHR; 25%–40% marginStock/receipt security; within shelf life, max 1 year
Debt RedemptionIndividual distressed farmer with money-lender debtLower of dues, 150% gross annual income or ₹50,000Clean advance plus land mortgage/co-obligation; 5 years
Canara agricultural loan scheme pages · Eligibility; Quantum; Margin; Security; Repayment · accessed 30 Aug 2026Open official source ↗

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