KISAN CREDIT CARD

1. What is the Purpose of the Scheme?

This Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their crop cultivation, post-harvest expenses, produce marketing, household consumption requirements, working capital for maintenance of farm assets, other allied activities and other investment credit under agriculture & allied activities

2. Who are the eligible for applying the loan under this scheme?

All Farmers - Individuals / Joint borrowers who are owner cultivators, Tenant Farmers, Oral Lessees & Share Croppers, SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.

3. What is the Type of Facility?

Kisan Credit card & Term loan for investment credit

4. How the Kisan Credit Card Limit will be fixed?

Limits will be fixed depending upon crop pattern, Scale of Finance (provided by DLTC) and Extent of land cultivated for Farmers Other than marginal farmers

For Marginal Farmers: A flexible limit of Rs.10,000 to Rs.50,000 be provided (as Flexi KCC) based on the land holding and crops grown will be given

5. What is the validity period of Kisan Credit Card?

The limit is valid for five years subject to annual review

6. What is the repayment period allowed under this Scheme?

The repayment period is fixed by banks as per the anticipated harvesting and marketing period for the crops for which the loan has been granted.

The Term loan component will be normally repayable within a period of 5 years depending on the type of activity / investment as per the existing guidelines applicable for investment credit

7. What is the margin requirement?

No specific margin is necessary for finance to production credit. For investment credit, margin varies with the purpose of investment. However, no margin is required for loan upto Rs.1.60 lakh

8. What are the benefits provided by Govt of India to improve finance under this Scheme?

The interest subvention @1.5% and prompt repayment incentive benefit @3% on KCC loan (i.e. crop loan+ working capital loan for animal husbandry and fisheries) will be available on an overall limit of Rs. 3 lakh per annum and subject to a maximum limit of Rs. 2 lakh per farmer involved in activities only related to animal husbandry and / or fisheries.

9. What are the Security norms for financing under Kisan credit card Scheme?

For limits upto Rs.1.60 lakh and limts upto Rs.3 lakh (in case of tie up), security is the hypothecation of crops.

Collateral Security will not be insisted up to aggregate loan limit of Rs.3.00 lakhs for the borrowers who availed short term production loans and have a satisfactory track record of 2 years in our Bank

KISAN CREDIT CARD - FOR ANIMAL HUSBANDRY AND FISHERIES

1. What is the Purpose of the Scheme?

The KCC facility to meet the Short-term credit requirements of rearing of animals, birds, Fish, Shrimp, other aquatic Organisms, capture of Fish.

2. Who are the eligible for applying the loan under this scheme?

For Inland Fisheries and Aquaculture - Fishers, Fish Farmers (individual & groups / partners/ share croppers/ tenant farmers), SHGs, JLGs and women groups.

The beneficiaries must own or lease any of the Fish ponds, Fish tanks, open water bodies, raceway, hatchery, rearing unit, boats, nets and such other fishing gear as the case may be and possess necessary authorization/ certification as may be applicable in respective states for fish farming and fishing related activities and any other specific fisheries and allied activities.

For Marine Fisheries - Fishers, Fish Farmers (individual & groups / partners/ share croppers/ tenant farmers), SHGs, JLGs who own or lease registered fishing vessel/ boat, possess necessary fishing license/ permission for fishing in estuary and sea, Fish farming/ mariculture activities in estuaries and open sea and any other specific fisheries and allied activities.

For Poultry, Dairy and Small ruminant - Farmers, Poultry Farmers, either individual or joint borrower, JLGs, SHGs including tenant farmers of sheep/ Goats/ Pigs/ poultry/ birds/ rabbit etc. and having owned/ rented/ leased sheds.

Dairy: Farmers, either individual or joint borrower, JLGs, SHGs including tenant farmers of Dairy and having owned/ rented/ leased sheds

3. How the limit will be fixed under this Scheme?

The limit will be fixed based on the scale of finance provided by DLTC. The maximum period for assessment of working capital requirement may be based on the cash flow statement or completion of one production cycle.

4. What is the repayment period for this Scheme?

The loan will be in the nature of a revolving cash credit limit. Repayment will be fixed as per the cash flow/ income generation pattern of the activity.