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kisan credit card oriental green card Scheme

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  • Eligibility
    Purpose Crop Production need / Working capital needs for farm activities, for repair of Machinery, Consumption needs etc as OGC and Investment needs as TL
    Eligibility Farmers / Cultivators / Artisans engaged in Farm and Non-Farm activities.
  • Finance
    Maximum Loan Amount Need based. There is no ceiling.
  • Security and Margin
    Security
    Upto ₹ 1.60 lakh Hypothecation of crops / goods
    Above ₹ 1.60 lakh to ₹ 2.00 lakh (i) Hypo. of Crops/ Assets created by Bank Finance AND (ii) Mortgage of Agricultural Land with value equal to or more than the loan amount.The valuation of land will be done as per current DLC rate. OR 3rd party guarantee of adequate net worth acceptable to the Bank OR Liquid securities viz. FDR / NSC / KVPs etc. which may adequately cover the loan amount plus the prescribed margin.
    Above ₹ 2.00 lakh (i)Hypo.Of Crops/Assets created by Bank Finance AND (ii) Mortgage of Agricultural Land with value equal to OR more than the loan amount Liquid securities viz.FDR/NSC/KVPs etc.which may adequately cover the loan amount plus the prescribed margin.
    Margin NIL
  • Rate of Interest and Repayment
    Repayment period Valid for the period of 5 years.
    Rate of Interest For CC limit:-Rate of interest on short term crop loan be at minimum 9% linked with MCLR.If MCLR increases beyond 9% the applicable rate shall be at MCLR only i.e. MCLR or 9% whichever is higher.For Term loan-At MCLR.
    Note: agriculture Interest subvention is available as per GOI guidelines shall be applicable.
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