Kisan Credit Card aims at providing adequate and timely credit to farmers for meeting cultivation needs including purchase of inputs, investment needs like purchase of agricultural implements, land development, purchase of bullocks and carts, two/three/four wheelers, repair of farm machinery or any other needs including domestic needs like expenditure on account of sickness, children's education and family functions etc. The product gives the farmer the flexibility to choose between cash credit and term loans with friendly repayment terms.
Loan tenure is fixed by allowing reasonable period for marketing the agricultural produce after harvest of the crop, subject to maximum of 1 year in case of cash credit, to 7 years for term loans.
- Attractive loan limits up to 250 lakhs
- Dedicated Relationship Managers
- Loan tenure of 5 years and hassle free renewal process
- Uniform scale of finance for all traditional crops
- Quick Sanction and Disbursement
- Attractive rates of interest
- Simplified Documentation
- Loans for horticulture & farm mechanization
- Crop insurance is available for all notified crops
- Free accidental insurance coverage to farmers up to Rs. 50,000/-
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