Wednesday 7 January 2009

IBKCC Plus (Indian Bank Kisan Credit Card Plus)

This scheme additionally caters to the needs of Agri Medium term loan requirement of the farmers also in the KCC scheme as "KCC Plus". The eligible loan amount is arrived as below.
20% of the Maximum Permissible Limit (MPL) will be built as a term loan to enable the farmer to purchase farm assets based on his/her requirements including Agri/Allied activities subject to:

  • Maximum of Rs 50000 where activities do not generate any direct additional income like fencing, reclamation of problematic soils, steining of wells etc.
  • (0r)Maximum of Rs.2.00 lakhs where activities generate direct additional income like dairy, goat rearing, Sheep rearing, purchase of farm equipments like power sprayers, seed drill, etc.

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