| PURPOSE |
- To meet short term credit requirement for cultivation of crops
- Post-Harvest expenses
- Consumption requirement of farmer household
- Working Capital for maintenance of Farm assets and activities allied to agriculture like dairy, piggery, poultry, fisheries etc.
- Investment credit requirement for agriculture like farm machinery and allied activities to agriculture like dairy animas etc. and repayable within a period of one year
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| ELIGIBILITY |
- All Farmers- Individuals/ Joint borrowers who are owner cultivators
- Tenant farmers, Oral Lessee, Sharecroppers
- SHGs or Joint Liability Groups of Farmers including tenant farmers, sharecroppers
- The applicant should be in the age group of 18-70 years for being eligible for PAIS
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| LOAN AMOUNT |
- The amount of loan is fixed according to the prescribed Scale of Finance (SOF)
- Resolving Cash Credit
- Scale of finance (for crops to be sown) X size of landholding
- +10% of the limit for post-harvest /consumption needs
- +20% of the limit for maintenance of farm equipment
- +insurance premium (Crop Insurance/ Insurance of Farm Equipment & PAIS)
- Limit to be upwardly revised @10% every year
- Note:Additional 20% over and above the limit fixed by the DLTC for Crop Component, separate accounts will be opened for the production credit ( crop loan) and consumption /maintenance part
- TERM LOAN: for land Development / Minor Irrigation/ Farm Equipment/Allied Activities such as Dairy/Poultry/ Fisheries etc
- Sanction limit will be arrived at the clubbing Revolving CC limit or the 5th Year + Term Loan Component (- instalments payable)
- Flexi KCC: May be sanctioned to Marginal Farmers for ₹ 10,000/- to ₹ 50,000/- based on their requirements
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| MARGIN |
- Up to ₹ 1,60,000 - NIL
- Above ₹ 1,60,000 - Minimum 10%
- Their is no margin for crop loan under KCC as the margin is inbuilt while fixing the Scale of finance
|
| INTEREST RATE |
- As prescribed by the Bank. Additional Subvention of 3% p.a for promptly repayment of Farmers as per GOI directive.
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