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The Kisan Credit Card scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs .
Eligibility
Fixation of credit limit/Loan amount
The credit limit under the Kisan Credit Card may be fixed as per scale of finance and Assessment of Term loan investments based on the unit cost towards land development, minor irrigation, purchase of farm equipment’s and allied agricultural activities. For Marginal Farmers: A flexible limit of Rs.10000/- to Rs.50000/- to be provided based on the land holding and crops grown which may include:
For KCC limit above Rs.25 lakhs, any further requirement for allied activities /investment credit should be allowed under a separate term loan. To all farmers other than Marginal farmers : Short term limit is arrived basing on scale of finance * area cultivated plus 10% of limit towards post harvest for household/ consumption needs plus 20% of limit towards repairs and maintenance of expenses of farm assets + crop insurance and/or accidental insurance including PAIS etc for the first year. From second year onwards 10 % of the limit towards cost escalation for increase in SOF will be considered.
Repayment period
Margin:
For crop loans, no separate margin. For term loan component, margin will be:
Security
Addition to hypothecated crops/assets.
Other features:
Forms & Documents
Rate of Interest - Please click here to know our latest interest rates
Conditions apply.
For more details please contact our nearest branch