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SCHEME FOR FINANCING UNDER PGB KISAN CREDIT CARD (KCC)

1. ELIGIBILITY
  1. Farmers – Individuals / Joint borrowers who are owner cultivators
  2. Tenant Farmers, Oral Lessees & Share Croppers
  3. SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.
2. PURPOSE The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with a flexible and simplified procedure to the farmers for their crop/ fodder cultivation & other needs as indicated below:
  1. To meet the short-term credit requirements for cultivation of crops
  2. Post-harvest expenses
  3. Produce Marketing loan
  4. Consumption requirements of farmer household
  5. Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
  6. Investment credit requirement for agriculture and allied activities like pumpsets, sprayers, dairy animals etc.
3. EXTENT OF LIMIT/ LOAN Need based loan should be provided on the basis of Scale of Finance as fixed by DLTC (District Level Technical Committee) – Maximum Rs. 50.00 lakh
4. MARGIN Production credit: Nil
Term Loan:
  1. Upto Rs.2 lakh – Nil
  2. Above Rs.2 lakh – As per Bank’s extant guidelines
5. SECURITY For loan upto Rs. 2.00 lakh
  • Primary – Hypothecation of crops and/or assets created out of Bank loan.
  • Collateral – Nil
For loan above Rs. 2.00 lakh – As per Bank’s extant guidelines
6. RATE OF INTEREST* For loans upto Rs. 3 Lakh – 7%
For loans above Rs. 3 Lakh – As per Bank’s extant guidelines

*Subject to change from time to time

For more information or any query related to the scheme, kindly visit your nearest PGB branch.