No.F 1230, HO. Kolachery Mukk, Kannur - PIN: 670 601
With a vision to support and strengthen the agricultural sector, Mullakkodi Co-Operative Rural Bank Ltd offers Agricultural Loans to farmers belonging to all categories. These loans are designed to provide timely financial assistance at affordable interest rates, enabling farmers to improve productivity and sustain their livelihoods.
At a time when the traditional farming sector faces multiple challenges, farmer-friendly initiatives like agricultural loans play a vital role in ensuring growth and self-sufficiency. The bank firmly believes that empowering farmers is essential for the overall progress of the nation.
Agricultural Loans are available to registered members of the bank who are actively engaged in farming or allied agricultural activities. Both small and marginal farmers are eligible, subject to bank norms.
The loan amount is sanctioned based on the type of crop, area of cultivation, purpose of the loan, repayment capacity, and security offered, as per the policies of the bank.
Agricultural loans are offered at concessional and farmer-friendly interest rates, as fixed by the bank from time to time, in accordance with government and cooperative banking guidelines.
Repayment schedules are structured to match the crop cycle and income pattern of farmers, ensuring comfortable repayment without financial strain.
Mullakkodi Co-Operative Rural Bank Ltd remains committed to the welfare of farmers by providing financial support with transparency, trust, and cooperative values. Loan terms and conditions are subject to bank policies and applicable regulations.