Kissan Credit Card (KCC) - We provide timely credit to farmers through simplified procedure facilitating loans when needed. It aims to meet their cultivation expenses, contingency expenses, and expenses related to ancillary activities

Purpose

  • Cultivation/ Crop production expenses of short duration crops.
  • Annual maintenance of long duration crops/plantation crops/ postharvest expenses.
  • Working capital requirements of allied activities like Dairy,Poultry, Piggery, etc.
  • Annual maintenance/ repair cost of farm machinery/equipment.
  • Maintenance/ repair cost of fencing, soil and water conservation structures.
  • Post-harvest expenses.
  • Consumption needs of farmers.

Eligibility

  • All farmers – Individuals/Joint borrowers who are owner cultivators.
  • SHGs or Joint Liability Groups (JLG) of farmers including tenant farmers, share croppers etc.
  • Loans under VFPCK scheme.

Documents Required

  • Land Tax Paid Receipt
  • Possession Certificate
  • Title deeds
  • Any other documents as required by the bank

Limit & Margin

Limit

  • As per Scale of finance for the crop as decided by the District Level Technical Committee (DLTC) plus crop insurance premium. 15-20% increase over scale of finance may be considered on merit.

Margin

  • No separate margin stipulated, as the same is inbuilt in Scale of Finance.

Security

  • Upto Rs.1 lakh : Hypothecation of crops/farm assets
  • Above Rs.1 lakh: Hypothecation of crops/farm assets and equitable mortgage of landed property valued 150% of loan amount
  • Security norms for KCC granted to SHGs & JLGs shall be as per respective schemes.

Repayment

  • Tenable for 5 years
  • Review is to be conducted every year.
  • Each withdrawal shall be repaid within one year from the date of such withdrawal.
  • Interest applied is due for payment on review date.

Interest Rates & Charges

  • Cultivation/ Crop production expenses of short duration crops.
  • Annual maintenance of long duration crops/plantation crops/ postharvest expenses.
  • Working capital requirements of allied activities like Dairy,Poultry, Piggery, etc.
  • Annual maintenance/ repair cost of farm machinery/equipment.
  • Maintenance/ repair cost of fencing, soil and water conservation structures.
  • Post-harvest expenses.
  • Consumption needs of farmers.
  • All farmers – Individuals/Joint borrowers who are owner cultivators.
  • SHGs or Joint Liability Groups (JLG) of farmers including tenant farmers, share croppers etc.
  • Loans under VFPCK scheme.
  • Land Tax Paid Receipt
  • Possession Certificate
  • Title deeds
  • Any other documents as required by the bank

Limit

  • As per Scale of finance for the crop as decided by the District Level Technical Committee (DLTC) plus crop insurance premium. 15-20% increase over scale of finance may be considered on merit.

Margin

  • No separate margin stipulated, as the same is inbuilt in Scale of Finance.
  • Upto Rs.1 lakh : Hypothecation of crops/farm assets
  • Above Rs.1 lakh: Hypothecation of crops/farm assets and equitable mortgage of landed property valued 150% of loan amount
  • Security norms for KCC granted to SHGs & JLGs shall be as per respective schemes.
  • Tenable for 5 years
  • Review is to be conducted every year.
  • Each withdrawal shall be repaid within one year from the date of such withdrawal.
  • Interest applied is due for payment on review date.

OUR KEY PRODUCTS

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN




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