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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 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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