OBC left Menu
Quick Info
Visitor No.:   57490911



Print Font :- Small Text Standard Text Large Text
Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Kisan Credit Card-Oriented Green Card (OGC)
Kisan Credit Card-Oriented Green Card (OGC)

 

Kisan Credit Card- Oriental Green Card (OGC) Scheme

 

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 Rs. 1.00 lakh

Hypothecation of crops / goods

Above Rs. 1.00 lakh to Rs. 2.00 lakh

Hyp. Of crops / goods and mortgage of agriculture land / property having twice the value of loan or third party guarantee.

Above Rs. 2.00 lakh

Hyp. Of crops / goods and mortgage of agriculture land / property having twice the value of loan.

Margin:

  • NIL

Rate of Interest and Repayment

Repayment period:

  • Valid for the period of 5 years.

Rate of Interest:

  • MCLR for Investment credit (term loan).
  • At minimum 9% linked with MCLR for working capital

Note: As per RBI interest subvention scheme, at present the interest charged on short term production loan with a principal amount upto Rs. 3.00 lakh is 7% p.a.