KCC / Animal Husbandry Scheme

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Kisan Credit Card/Animal Husbandary Scheme

Purpose

To meet the short term credit requirements for cultivation of crops
Post-harvest expenses
Working capital for maintenance of farm assets and activities allied to agriculture
Investment credit requirement for agriculture and allied activities
Consumption requirements of farmer household

Eligibility

Farmers - individual/joint borrowers who are owner cultivators
Tenant farmers, oral lessees & share croppers
Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, share croppers etc.

Interest Rate

As per Bank's Circular

Most Important Terms & Conditions

Type of facility

Cash Credit/Term Loan

Limit

As per Scale of Finance approved by DLTC/SLTC
For term loan based on the unit cost and repaying capacity of the farmer.

Margin

For CC Limit (Crop/ Animal Husbandry) No Margin required
For Term Loan margin as per Bank Norms based on purpose

Repayment Period

Each Withdrawal under the Short term Limit should be liquidated in 12 Months, No withdrawal in the account should remain outstanding for more than 12 months.
Term Loan component will be normally repayable with in a period of 5 years depending on the type of Activity/investment as per existing guidelines applicable for investment credit. Credit Information Report
Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.