PURPOSE |
- To meet short term credit requirement for cultivation of corps
- Post-Harvest expenses
- Consumption requirement of farmer household
- Working capital for maintenance of Farm assets and activities allied to agriculture like Dairy, Piggery, Poultry, Fishries 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
- Tenate Farmers, Oral Lessee, Sharecroppers
- SHGs or Joint Liability Groups of Farmers inculding tenate 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.
- Resolving Cash Credit
- Scale of Finance (for corps to be sown) X size of land holding
- +10% of the limit for post-harvest or 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 / Mionr Irrigation /Farm equipment /Allied activities such as Dairy/Polutry/Fishries etc.
- Sanction will be arrived at the clubbing revolving CC limit or the 5thYears + Term loan Component ( installment payable)
- Flexi KCC: May be sanctioned to Marginal Farmers for Rs. 10,000/- to Rs. 50,000/- based on their requirement
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MARGIN |
- Up to Rs. 1,60,000/- NIL
- Above Rs. 1,60,000/- Minimum 10%
- Their is no margin for corp loan under KCC as the margin is inbuilt fixing the Scale of Finance
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INTEREST RATE |
As prescribed by the Bank, Additional Subvention of 3% p.a for promptly repayment of Farmers as per GoI Directives
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