Rate of Interest - 0% As Per State Govt Order
Installment/ Period -12 Months (1 Year) (Repay within due date)
Details, Purpose - Crop Loan up to 3.00 lakhs and increase the agriculture
A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by the Government of India , Reserve Bank of India (RBI), and National Bank for Agriculture and Rural Development (NABARD) in 1998-99 to help farmers access timely and adequate credit. The Kisan Credit Card allows farmers to have cash credit facilities without going through time-consuming bank credit screening processes repeatedly. Repayment can be rescheduled if there is a ad crop season, and extensions are offered for up to as per government order. The card is valid for five years and subject to annual renewals. Withdrawals are made using pay slips, cheques, ATM cards, and a passbook All farmers, owner cultivators, tenant cultivators, share croppers and individual farmers having agreement with Pacs institution are eligible for the card. Most banks in India that offer agricultural finance offer the Kisan Credit Card. Under the scheme, Branches may issue Kisan Credit Cards to the farmers who are otherwise eligible for sanction of short term credit for crop production, allied activities and other non-farm activities.
Rate Of Interest – 10.50%
Installment / Period – 12 months (1 Year)
Loans Amt – Up to 20.00 Lakhs
Interest repayment – Half yearly Once
KCC Swabhimani loan for crop cultivation and development . Under the scheme, Branches may issue Kisan Credit Cards to the farmers who are otherwise eligible for sanction of short term credit for crop production, allied agriculture activities and other non-farm activities.
(Rules Apply)
