What is the maximum repayment period for a rescheduled delinquent guaranteed loan?

The maximum repayment period for a rescheduled delinquent guaranteed loan is 15 years. This duration is established to provide borrowers with a reasonable timeframe to manage their repayment obligations while still encouraging financial responsibility and timely payments. The 15-year term strikes a balance between giving borrowers enough time to recover from their financial difficulties and ensuring that loan programs remain viable and sustainable. This period is particularly relevant for loans backed by the government or financial institutions that focus on supporting agriculture, as it allows farmers to align repayments with their income cycles, which may vary seasonally.

Other durations are either too short or too long, potentially creating difficulties for borrowers, especially in agricultural contexts where income can fluctuate significantly. Hence, the 15-year period is specifically designed to support the financial stability of borrowers while managing risk for lenders.