Key Futures :
Objectives: To provide timely and adequate credit to farmers to meet their production credit needs (Cultivation expenses) besides meeting contingency expenses and expenses related to ancillary activities through simplified procedure facilitating the borrowers for availing loans as and when they need

Type of Facility: Revolving cash credit account. Credit balance in the account, if any, willfetch interest at Savings bank rate.

Quantum of Loan:Need Based finance considering cropping pattern, acreage and Scale of Finance (SOF).

Repayment:The repayment period as per the crop period (Short/ Long) and marketing period for the crop.

Primary:Hypothecation of Crops grown / assets to be created out of Bank finance

Collateral: Equitable mortgage / registered mortgage of land / immovable property as applicable of the value of 100 % loan. However, collateral is waived for KCC limit up to Rs. 1.60 lakhand up to Rs.3.00 lakhs, in case of tie up arrangement.

Interest Subvention:3% p.a. interest subvention for prompt borrowers up to Rs. 3.00 lakhs.

Tenure:5 years, with 10% annual increase of limit every year, subject to annual review.Rupay debit cards for all eligible KCC borrowers.

Insurance:a. Eligible crops may be covered under PRADHAN MANTRI FASAL BIMA YOJNA (PMFBY) on premium payment.

b. Borrower should also opt for Personal Accident Insurance, Health Insurance (wherever applicable)



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