Kisan Credit Card

  • Eligibility
  • Components for Advancing Credit
  • Fixation of limit
  • Repayment
  • Security
  • PAIS (Personal Accident Insurance Scheme)

Eligibility

Eligibility

  • All Farmers Individuals / Joint who are owner cultivators.
  • Tenant Farmers, Oral Lessors & Share croppers.
  • Partnership firms / Pvt. & Public Company Ltd. Companies engaged in Agri. Or allied activities.
  • SHG / JLGs of farmers including Tenant farmers & share croppers.
  • Registered GPA holders of farmers.

Components for Advancing Credit

Components for Advancing Credit

  • Short term credit for crop cultivation including post-harvest marketing expenses.
  • Consumption requirement.
  • W/c for maintenance of farm assets, W/c for allied activities.

Fixation of limit

Fixation of limit

Scale of Finance X Area cultivated

  • 10% limit for post-harvest / consumption
  • 20% for maintenance of farm assets
  • Crop Insurance + PAIS

Above shall be counted for 1st year.

For 2nd, 3rd, 4th & 5th years : Limit for previous year + 10% increase subject to Scale of Finance.

Repayment

Repayment

  • Tenable for 5 years subject to Annual review.

Security Norms

Security Norms

  • Up to Rs.200000/- - Hypothecation of crops created out of loan
    • Hypothecation of crops
    • Charge creation in Bhoomi
  • Above Rs. 2.00 lakhs
    • Hypothecation of crops
    • Mortgage of Land
  • Above Rs. 2.00 lakhs : SMT / EMT along with the above said norms

PAIS (Personal Accident Insurance Scheme)

PAIS (Personal Accident Insurance Scheme)

  • Mandatory for upto 70 Years