Kisan Credit Card (KCC)

Kerala Gramin Bank provides timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses, and expenses related to ancillary activities through simplified procedure facilitating availment of the loans as and when needed.

Purpose

  • Cultivation/ Crop production expenses of short duration crops.
  • Annual maintenance of long duration crops/plantation crops/ postharvest expenses.
  • Working capital requirements of allied activities like Dairy,Poultry, Piggery, etc.
  • Annual maintenance/ repair cost of farm machinery/equipment.
  • Maintenance/ repair cost of fencing, soil and water conservation structures.
  • Post-harvest expenses.
  • Consumption needs of farmers.

Eligibility

  • All farmers – Individuals/Joint borrowers who are owner cultivators.
  • Self Help Groups (SHG) or Joint Liability Groups (JLG) of farmers including tenant farmers, share croppers etc.
  • Loans under VFPCK scheme.

Documents Required

  • Land Tax Paid Receipt
  • Poossession Certificate
  • Title deeds
  • Any other documents as required by the bank

Limit & Margin

Limit

  • As per Scale of finance for the crop as decided by the District Level Technical Committee (DLTC) plus crop insurance premium. 15-20% increase over scale of finance may be considered on merit.

Margin

  • No separate margin stipulated, as the same is inbuilt in Scale of Finance.

Security

  • Upto Rs.1 lakh : Hypothecation of crops/farm assets
  • Above Rs.1 lakh : Hypothecation of crops/farm assets and Equitable mortgage of landed property valued 150% of loan amount.
  • Security norms for KCC granted to SHGs & JLGs shall be as per respective schemes.

Repayment

  • Tenable for 5 years
  • Review is to be conducted every year.
  • Each withdrawal shall be repaid within one year from the date of such withdrawal.
  • Interest applied is due for payment on review date.

Interest Rates & Charges

  • Please visit Loan Interest Rates page for details
  • Cultivation/ Crop production expenses of short duration crops.
  • Annual maintenance of long duration crops/plantation crops/ postharvest expenses.
  • Working capital requirements of allied activities like Dairy,Poultry, Piggery, etc.
  • Annual maintenance/ repair cost of farm machinery/equipment.
  • Maintenance/ repair cost of fencing, soil and water conservation structures.
  • Post-harvest expenses.
  • Consumption needs of farmers.
  • All farmers – Individuals/Joint borrowers who are owner cultivators.
  • SHGs or Joint Liability Groups (JLG) of farmers including tenant farmers, share croppers etc.
  • Loans under VFPCK scheme.
  • Land Tax Paid Receipt
  • Poossession Certificate
  • Title deeds
  • Any other documents as required by the bank

Limit

  • As per Scale of finance for the crop as decided by the District Level Technical Committee (DLTC) plus crop insurance premium. 15-20% increase over scale of finance may be considered on merit.

Margin

  • No separate margin stipulated, as the same is inbuilt in Scale of Finance.
  • Upto Rs.1 lakh : Hypothecation of crops/farm assets
  • Above Rs.1 lakh : Hypothecation of crops/farm assets and Equitable mortgage of landed property valued 150% of loan amount.
  • Security norms for KCC granted to SHGs & JLGs shall be as per respective schemes.
  • Tenable for 5 years
  • Review is to be conducted every year.
  • Each withdrawal shall be repaid within one year from the date of such withdrawal.
  • Interest applied is due for payment on review date.

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