Kisan Credit Card Scheme (KCC)

Loan Amount :

Loan amount is decided based on the cropping pattern, ancillary and contingency needs of the farmer for the full year. 90 % of the cost of cultivation (Scale of Finance) is given as loan per acre. 100 % of the cost is available as loan upto Rs. 50,000/- and 85 % of the cost is available as loan above Rs. 1,00,000/-

Security

1. upto Rs. 50,000
• Hypothecation of crops.
2. Above Rs. 50,000 and upto Rs. 1,00,000
• Hypothecation of crops
• Mortgage of lands or Third party guarantee
3. Above Rs.1,00,000
• Hypothecation of crops
• Mortgage of lands or Third party guarantee
4. For tobacco, Sugarcane and other crops under tie-up arrangement with boards/ factories/ companies-Up to Rs. 1 Lac,Above one lac
• Hypothecation of crops
• Mortgage of lands or Third party guarantee

Who are eligible for the loan :

Farmers with excellent repayment record for 2 years. New farmers with sizeable deposits with our branches for 3 to 4 years are also eligible.

Documents you need to provide :

• Land records to ascertain cultivation rights.
• Acreage under different crops
• Sources of other borrowings eg. Co-operative Societies and Banks.