KBL e-Krishik Bhandar Loan
A unique agricultural loan facility designed to support and empower the farming community. It's an initiative that recognizes the diverse needs of modern agriculture, providing financial backing for those who nurture the land. This innovative program offers loans against e-Negotiable Warehouse Receipts (e-NWR), catering to individual farmers, corporate farmers, and farmer producer organizations (FPOs). With KBL e-Krishik Bhandar, you can easily leverage the value of your produce stored in registered warehouses, ensuring your agricultural dreams have the necessary funds to thrive and grow. Read more
Why this loan is for you
Designed to give you just what you need.
Swift approvals with e-repository systems and streamlined processes
Caters to various scales of farming operations from individual farmers to agricultural corporations
From application to disbursement, you receive expert support and advice from our team
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Individual and corporate farmers
- Farmer Producer Organizations (FPOs/FPCs)
- Companies with individual farmers
- Partnership firms
- Farmer co-operatives
Documents required
- CIBIL/CRIF and KYC documents
- Plan and estimation (if applicable)
- RTCS
- CERSAI (if applicable)
- EC and RTC
- Income tax returns, income proof
- Legal document for property
- Project report
- Turnover report (if applicable)
- Udyam registration certificate
- Insurance copy and stock report (if applicable)
As easy as 1,2,3...
Apply for a KBL e-Krishik Bhandar Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
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Got questions? We’ve got answers.
An e-NWR is a legally recognized electronic document issued by WDRA-registered warehouses, representing the ownership of a specific quantity and quality of agricultural produce stored in the warehouse.
No, the loan is specifically for agricultural and allied activities, as evidenced by the e-NWR.
The loan is available to individual farmers, corporate farmers, FPOs, and farmer co-operatives engaged in agriculture and allied activities.
Yes, if the joint account operation is either 'E or S' (Either or Survivor), 'F or S' (Former or Survivor), and you are the primary account holder.
The primary security is the pledge of agricultural goods backed by an e-NWR. The e-NWR needs to be endorsed in favor of Karnataka Bank.
Karnataka Bank understands that agriculture-based businesses can face unpredictable challenges. If you encounter difficulties in repaying your loan, we encourage you to communicate with us as early as possible. Our team will work with you to understand your situation and explore possible solutions, which may include restructuring your loan, adjusting repayment schedules, or providing guidance on managing your financial challenges. We are committed to supporting our customers through their difficulties and finding mutually beneficial solutions.
Apart from the interest, we charge a standard processing fees or charges as applicable for loan processing and disbursement.
The disbursement timeline can vary depending on the documentation, project evaluation, and approval processes. However, Karnataka Bank strives to ensure a swift and efficient process, recognizing the time-sensitive nature of agricultural projects.
In the context of Karnataka Bank's loans, EBLR or External Benchmark Lending Rate is a crucial reference rate. It's essentially the standard against which the interest rates of loans are gauged and adjusted. This rate is determined by external market factors and serves as a transparent and dynamic benchmark. By tying loan interest rates to the EBLR, we ensure that loan pricing is fair, responsive to market conditions, and in line with regulatory guidelines, providing a clear and consistent basis for borrowers to understand how their loan interest rates are set.
Agri-business loans offer vital financial support to farmers and agricultural businesses, enabling them to invest in equipment, technology, and resources needed for efficient farming operations. These special loans for farmers are designed to cater to the unique needs of the agricultural sector, including seasonal cycles. You can apply for an agricultural loan online, accessing some of the best agri-business loans available, which can significantly enhance production and profitability.
Interest rates on agri-business loans are typically structured to support the agricultural community, often being more favorable than standard commercial loans. Understanding these rates is crucial when you start your application process, as they directly affect repayment terms and the overall cost of the loan.
Do ensure you have a clear plan for the utilization and repayment of the loan. Keep all necessary documents ready to streamline the online application process. Don't overlook government subsidies or special programs that may be available for agri-business loans. Regularly monitor and manage your loan to maintain financial health.
