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Kisan Credit Card Scheme

Purpose:

  • 1. KCCOD (KISAN CREDIT CARD OVER DRAFT)
    To meet the short term credit requirements for 
    • a. cultivation of crops; 
    • b. Post-harvest expenses; 
    • c. Produce marketing loan; 
    • d. Consumption requirements of farmer household;
    • e. Working capital for maintenance of farm assets and activities allied to agriculture; 
  • 2.  KCCTL (KISAN CREDIT CARD TERM LOAN)
    To meet Investment credit requirement for agriculture and allied activities. 

Eligibility 

  • i. Farmers - individual/joint borrowers who are owner cultivators
  • ii. Tenant farmers, oral lessees & share croppers
  • iii. Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, share croppers etc.

Limit: 

  • The limit will be assessed based on scale of finance, anticipated average farm income, repaying capacity.

Nature of facility :

  • KCCOD – Overdraft
  • KCCTL  -  Term loan

Margin : 

  • 1) For KCCOD – NIL
  • 2) For investment credit – 10 % to 25% depending upon the investment.

Maximum Repayment period: 

  • KCCOD  / KCCTL – Five years

REPAYMENT SCHEDULE ;

  • 1) KCCOD – On demand (within the repayment period  with annual review)
  • 2) KCCTL - In Monthly / quarterly / half yearly / yearly instalments depending upon the activity undertaken / depending upon the anticipated harvesting and marketing period for the crops which loan is granted.

Security:

  • Upto one lakh – Hypothecation of crops 
  • Above one lakh – 
    • 1) Hypothecation of crops &
    • 2) Collateral of agricultural lands and / or liquid securities / other securities acceptable to the Bank.