New Kisan Credit Card

New Kisan Credit Card
New Kisan Credit Card
Objective To meet investment and credit requirements of farmers.

Eligibility

Existing farmer clients & also the prospective farmers

Purpose

Investment credit need and allied activities. Revolving Cash Credit for crops & for allied activities 

Amount

Loan amount / Limit fixed on annual basis depending upon the cropping pattern, Scale of Finance for the crop and the extent of cultivation.

Margin

Upto Rs 100000 – Nil
Above Rs 100000/-  15 % to 25 %

Security

Upto Rs 100000 – Hypothecation of crops / assets created out of loan.
Above Rs 100000/-  Suitable Collateral or TPG at the discretion of the Bank & Hypothecation of crops / assets created out of loan.

Repayment

Term loan - Max. 5 years 

Holiday Period

Depending on the asset created 

Rate of Interest

You may Contact the nearest Branch for Interest details.

Remarks

  • Card validity - 5 Years
  • The limit to be availed in full within one yr from the date of sanction.
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