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Benefits

Purpose

Farm equipment / irrigation .

Crop production.

Household need or any other agricultural activities

Eligibility

Existing borrowers availing Kisan Credit Card (KCC) in Individual capacity are eligible.

The borrower shall have satisfactory track record of at least two years (existing accounts should be in Standard/ SMA-0/ CBR-0 category).

Joint borrowers will not be eligible.

Nature of Loan

Term Loan for 5 years, payable in 5 yearly installments starting after 12 months from date of disbursement.

Extent of Loan

Need Based; 25% of existing KCC limit;
maximum Rs.50000/-

Margin

NIL

Service Charges

NIL

CIBIL Charges

Rs.100/-+ GST

Security

No additional security/ies required

Rate of Interest

Presently, MCLR + 1.25%

Repayment

5 years

Disbursement

Instant Disbursement in Saving Account of borrower

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