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Steps to create Farmer Loan

Step 1: Go to farmer loan list and click on "Add Farmer Loan"


Step 2:

  • Applicant ID: Enter applicant id or farmer id from loan application

  • Application: Select the loan application from dropdown

  • Applicant Name: Applicant name will auto fetch from applicant data

  • Applicant Type: Applicant Type will auto fetch from applicant data

  • Address: Address of farmer auto fetch from applicant data

  • Mobile No: Mobile of farmer No auto fetch from applicant data

  • Company: Company will auto select as per loan application

  • Branch: Branch will auto select as per loan application

  • Season: Season will auto select as per loan application

  • Status: Status will auto select as per loan application

  • Posting Date: Posting date will auto select as per current date

  • Cheque/Reference No: Enter the cheque number

  • Cheque/Reference Date: Enter the date of cheque

  • Account Paid From: Select the account for payment

  • Account Paid To: Select the account type for payment

  • Account interest Paid To: Select the account for interest payment

  • Supplier: Enter the supplier

  • Supplier Name: Supplier name will auto fetch from supplier code


Step 3: Loan Details

  • Farmer Loan Type: Farmer loan type will auto fetch with applicant id

  • Loan Amount: Loan Amount will auto fetch with applicant id

  • Rate of Interest (%) Yearly: Rate of Interest (%) Yearly will auto fetch with applicant id

  • Period For Repayment(In Year): Farmer loan type will auto fetch with applicant id


Step 4: Installment Table

  • Season: Installment season will auto fetch from number of installment e.g. if number of installments are 2 then season will be 2023-24 and 2024-25.

  • Installment: Installment amount will auto fetch from loan type

  • Rate of Interest: Rate of interest will auto fetch from loan type


Step 5: Payment ID

  • After submitting the farmer loan auto Journal Entry will updated in system