Agricultural Term Loans Banks gives agricultural term loans in the form of direct finance to cultivators to create assets facilitating crop production/income generation. Repayments span not less than 3 years and not exceeding 15 years. Activities broadly covered are land development, minor irrigation, farm mechanization, plantation and horticulture, dairying, poultry, sericulture, dry land, waste land development schemes, etc. Eligibility All categories of farmers-small/medium-and agricultural labourers are eligible for agricultural term loans, provided they have necessary experience in the activity and the required land area. Margin i)   Upto Rs.10,000/- No margin. ii)   Above Rs.10,000/- 15% to 25% Collateral Amount of Loan Security to be furnished (i)   where movable assets are created(a) Upto Rs.25,000/-(b) Above Rs.25,000/- (a) Hypothecation of assets (b) Mortgage of land (or) third party guarantee. (i)   Where movable assets are not created (eg. Dugwells,development of land etc. (a) Upto Rs.10,000/-. (b) Above Rs.10,000/- DPN /Loan agreement.Mortgage of land.(a)Hypothecation of Asset(b)Mortgage of land or third party gurantee.