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Home >> Loan >> Other Loan Schemes  >> >> Agriculture Loan Scheme  >> >> Kisan Credit Card-Oriented Green Card(OGS)
Kisan Credit Card-Oriented Green Card(OGS)

Purpose :

Crop production needs/ 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.

 

Amount of Loan :

Need Based. There is no ceiling.

 

Security :

Upto Rs. 1.00 Lac

Hypothecation of crops/goods .

Above Rs. 1.00 Lac to 2.00 Lac

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

Above Rs. 2 Lac

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

 

 

 

Margin :

NIL

ROI:

For Working Capital /CC: Base Rate w.e.f 01.04.2014


 

For Term Loan:

up to 2.0 lac                       

BR+2.25%

Rs. 2.00 lac to 5.00 lac

BR+3.00%

Above 5.00 lac

BR+3.50%

Condition :

Borrower should route sale proceeds through this account.

 

Validity :

5 years.