KISSAN CREDIT CARD - SBI

https://www.sbi.co.in/portal/web/agriculture-banking/kcc    thanks KISAN CREDIT CARD SCHEME FEATURES Features and benefits Get interest at saving bank rate on credit balance in KCC account Free ATM cum debit card (State Bank Kisan Card) for all KCC borrowers Interest subvention @2%p.a.is available for loan amount uptoRs. 3 Lacs Additional interest subvention @3% p.a.for prompt repayments notified crops / notified areas are covered under crop insurance for all KCC loans Eligibility : All farmers – individuals/Joint cultivator owners Tenant farmers, oral lessees and share croppers etc. SHGs or Joint liability groups including tenant farmers. Quantum of loan: Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-harvest expenses and farm maintenance cost For subsequent 5 year loan w¬ill be sanction on the basis of increase in scale of finance Collateral Security : Collateral security is waived for KCC limit uptoRs. 1 lac. SanctionedKCClimit will beconsidered for the purpose of fixingcollateral security requirement Rate of Interest : Simple interest @7% p.awill be charged for one year or upto the repayment due date, whichever is earlier. In case of non-repayment within the due dates interest is applied at card rate Beyond due date interest will be compounded half yearly Repayment : The repayment period may be fixed as per the anticipated harvesting and marketing period for the crops for which a loan has been granted. Documents required Duly filled in application form Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc How to apply Contact your nearest SBI branch for application and further details

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