Kisan credit card
Encyclopedia
Kisan Credit Cards were started by the Government of India
, RBI (Reserve Bank of India), and NABARD (National Bank for Agricultural and Rural Development) in 1998-99 to help farmers access timely and adequate credit.
The Kisan Credit Care allows farmers to have cash credit facilities without going through the credit screening processes repeatedly. Repayment can be rescheduled if there is a bad crop season, and extensions are offered for up to 4 years. The card is valid for 3 years and subject to annual renewals. Banks in India that lend for agricultural purposes usually offer the KCC. Withdrawals are made using slips, cards, and a passbook.
KCC offered by IDBI
Crop Loan with Kisan Credit Card
Credit to Farmers/Group of Farmers for Crop Loan, working capital or investment credit for viable agriculture purpose.
Who is the eligible for the Loan?
All Farmers/Owner cultivators, tenant cultivators and Share croppers / Individual farmer having agreement with institution.
Int rate is 7% (SI)
co-op bank nahan H.P.
Kisan Credit Card Scheme: Himachal Pradesh
Name of the Scheme Kisan Credit Card Scheme
Sponsored by State Government
Funding Pattern Rs. 50000/- for Rabi Crops. Rs. 50000/- for Kharif Crops.
Ministry/Department State Government PSU
Description 1 Maximum Limits Rs. 50000/- for Rabi Crops. Rs. 50000/- for Kharif Crops. 2 Eligibility Individual / Society. 3 Purposes Agriculture. 4 Repayment period Kharif 31 January Rabi 31 July. 5 Collateral Security Charge on land in case loan is above Rs. 10000/- and two sureties if loan is below Rs. 10000/-. 6 Margin Stipulation As per nature of the loan
Beneficiaries Individual,Community,
Benefits
Benefit Type Loan,
Eligibility criteria Individual / Society.
How to Avail Approach to the State Headquarters and Branch Manager at District Level Branches
Validity of the Scheme
Introduced On 31 / 03 / 2006
Valid Up to 31 / 03 / 2012
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
, RBI (Reserve Bank of India), and NABARD (National Bank for Agricultural and Rural Development) in 1998-99 to help farmers access timely and adequate credit.
The Kisan Credit Care allows farmers to have cash credit facilities without going through the credit screening processes repeatedly. Repayment can be rescheduled if there is a bad crop season, and extensions are offered for up to 4 years. The card is valid for 3 years and subject to annual renewals. Banks in India that lend for agricultural purposes usually offer the KCC. Withdrawals are made using slips, cards, and a passbook.
KCC offered by IDBI
Crop Loan with Kisan Credit Card
Credit to Farmers/Group of Farmers for Crop Loan, working capital or investment credit for viable agriculture purpose.
Who is the eligible for the Loan?
All Farmers/Owner cultivators, tenant cultivators and Share croppers / Individual farmer having agreement with institution.
Extent of Exposure
As per scale of finance specific to the crop and KCC norms.Int rate is 7% (SI)
co-op bank nahan H.P.
Tenure
The card would be valid for 5 years, of which crop loan and working capital components has to be renewed annually.Kisan Credit Card Scheme: Himachal Pradesh
Details of Kisan Credit Card Scheme
ParticularsDescriptionName of the Scheme Kisan Credit Card Scheme
Sponsored by State Government
Funding Pattern Rs. 50000/- for Rabi Crops. Rs. 50000/- for Kharif Crops.
Ministry/Department State Government PSU
Description 1 Maximum Limits Rs. 50000/- for Rabi Crops. Rs. 50000/- for Kharif Crops. 2 Eligibility Individual / Society. 3 Purposes Agriculture. 4 Repayment period Kharif 31 January Rabi 31 July. 5 Collateral Security Charge on land in case loan is above Rs. 10000/- and two sureties if loan is below Rs. 10000/-. 6 Margin Stipulation As per nature of the loan
Beneficiaries Individual,Community,
Benefits
Benefit Type Loan,
Eligibility criteria Individual / Society.
How to Avail Approach to the State Headquarters and Branch Manager at District Level Branches
Validity of the Scheme
Introduced On 31 / 03 / 2006
Valid Up to 31 / 03 / 2012