1. Eligibility : Farmers having agricultural land, Pattaholders (i.e. land allotees) and Tenants Farmers forming "Joint Liability Group" are eligible.

2. Loan Limit : Limit is fixed to meet the cost of cultivation of crops based on land holding and also for repairing/maintenance/purchasing small farm equipments and domestic needs. There is no minimum or maximum loan limit.

3. Card : A common card named "Kisan Credit-cum-Kisan Shakti Card" is issued to the farmers on fixation of loan limit.

4. Rate of interest : Click here for rate of interest.

   However, as per Union Budget Announcement, interest will be charged @7% p.a. for Short Term Crop Loan under KCC upto Rs. 3.00 lac.

5. Security :
   
   1. For loans upto Rs.1,00,000/- : Hypothecation of crops & movable assets.
   2. For loans above Rs.1,00,000/-:
   1. Hypothecation of crops & movable assets.
   2. Mortgage of land or charge on land as per Agricultural Credit Operation Act of the states concerned or Guarantee from two persons of adequate means and repute acceptable to Bank.

   Or

   Charge/ lien over liquid securities in the form of Fixed Deposit/ NSC/ Kisan Vikash Patra etc. providing full cover to the limit granted.

6. Repayment :

   1. The aggregate credit into the KCC account during the 12 months period should at least be equal to the maximum outstanding in the account

   And

   2. No drawal in the account shall remain outstanding for more than 12 months

   1. Validity : Card is valid for 3 years subject to annual review.

   2. Features :

      • No admission/membership fee is levied by the Bank.

      • A pass book is issued along with card to record transactions.

      • Cardholders are covered under Personal Accident Insurance Scheme with sum assured for Rs.50,000/- against death/permanent total disability/ loss of two limbs/ eyes or one limb & one eye and Rs.25,000/- for loss of one limb/eye on payment of premium of Rs.5/- p.a by the cardholder.

      • Specified crops in notified areas grown under Kisan Credit Card is covered under Rashtriya Krishi Bima Yojna subject to notification issued by the State Government concerned.

top