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Eligibility and Terms

i. Short term Crop loans for Crop Cultivation

ii. Working capital finance for Animal Husbandry / Fisheries & Allied Activities only along with Crop Loan

All Farmers – Individuals who is owner cultivator and owner cultivator engaged in the activities of Animal Husbandry / Fisheries / Sericulture / Bee Keeping, along with Crop Loan.

Minimum loan : Rs.1,60,001/-

Maximum loan : Rs.3,00,000/-

(However, Animal Husbandry/Fisheries component not to exceed Rs.2,00,000/- within the overall Rs.3,00,000/-, as per the RBI Guidelines on KCC Interest Subvention Scheme)

First Year Limit:

Scale of Finance for the crop (as decided by District Level Technical Committee / SLBC) x Extent of area cultivated + 10% of limit towards Post-Harvest/Household/Consumption requirements + 20% of limit towards repairs and maintenance expenses of farm assets + crop insurance.

Limit for second & subsequent years:

First year limit for crop cultivation purpose arrived at as above plus 10% of the limit towards cost escalation / increase in Scale of Finance (SOF) for every successive year (2nd, 3rd, 4th and 5th year)

Animal Husbandry & Fisheries

Quantum of Credit for Working Capital to be fixed based on the scale of finance fixed by the District Level Technical Committee (DLTC) / State Level Bankers Committee (SLBC)

Margin :- NILL

(Since The contribution of family members, their farm implements’ usage value etc. are excluded while fixing scale of finance.)

Validity period : 5 years (Subject to review once in a year)

In addition to primary Collateral Security

Gold Jewels / Ornaments (instead of landed properties), the maximum loan amount should be fixed at less than or equal to 85% LTV.

Interest and Fees

Interest :

Interest Subvention Scheme: GOI is giving interest subvention benefits to farmers for short term crop loans at 2% from ROI for crops loans upto Rs.3.00 lakhs and additional 3% for prompt Repayment within one year.

Processing fee – Nil

Jewel Appraiser charges as applicable