Purpose

Providing Instant Credit to Existing KCC Holders for Meeting Emergency Requirement for Agricultural Purposes.

Eligibility

(a) Borrowers Should be Either Individual or Groups (Not Exceeding 4 Farmers)

(b) Only Existing KCC Holders are Eligible

(c) Sound Track Record of Atleast Two Years is a Pre Requisite

Amount of Loan

Minimum Rs. 1000/-

Maximum: 50% of KCC Limit or 25% of Annual Income or Rs. 50000/- Whichever is Less

Margin

Nil

Security

Prime - Hypothecation of Crops & Assets Created Out of Bank Loan.
Collateral-Existing Security Obtained for KCC will Continue.

Rate of Interest

Varies from Time to Time. Presently

Upto Rs. 10 Lacs: One Year MCLR+1%

Repayment

Within 3 Years in Half Yearly/Annual Instalments

For Other Details, Please Contact Your Nearest IOB Branch.