PURPOSE

Providing short term working capital for Ag. & Allied Agri.Activities, other domestic consumption requirements and other term credit needs.

ELIGIBILITY

All progressive farmers, Who are  owner cultivators, having stable financial position and good banking habit.

MARGIN

Upto Rs.2 lac – Nil

Above Rs.2 lac – 10%(Cost of labour may be treated as margin in C/C Limit only)

NATURE OF LOAN & LOAN AMT.

C/C as well as Term Loan as per requirement based on land holding.- Minimum Rs.1000/- Maximum Rs.5]00]000/-only.

INTT. RATE

Upto Rs.50,000-                                          9%

Above Rs.50000-upto Rs.200000/-           11%

Above Rs.200000-                                     12%

SECURITY

Upto Rs.25000/- Hyp. of crop / Assets created out of loan Amt.

Above Rs.25000/- Hyp. Of crop/ Assets created out of loan Amt. and mortgage of Ag. Land.

                                       OR 

Third party suitable guarantee.

REPAYMENT

-Agreegate credit into the account during 12 months period should be equal to maximum outstanding.

-No drawl should remain O/s for more than, 12 months.

ISSUE OF CARD

After fixation of the limit and completion of documentation  formalities, the Krishi Card Cum Pass Book is issued to the farmer, having details of Amt. of limit, Card no, validity period of the card etc.

PERSONAL ACCIDANTAL INSURANCE

The Card holders ( below the age of 70 yrs) are insured against accident by charging nominal Amt. of Rs.5/- per year. Rs.10/- per yr premium is borne by the bank. Nomination facility is also available to the farmer.

GENERAL

-KCC holder is also allowed Intt. As per saving fund deposit rules, if there is credit balance in the C/C A/c.

-Card may also be issued in the joint name, to the joint land holders.

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Ref.:-Cir. No.

05/05 dated 21.12.05