Product - Agricultural
KISAN CREDIT CARDS
- Crop loans Under Interest Subvention Scheme with lowest rate of interest.
- Kisan Credit Cards are issued to farmers – valid for three years Subject to Annual Review.
- Financing as per need of the farmers including Term loans.
- Revolving nature of operations.
- Farmers’ savings are also accepted in the same loan a/c.
- Personal accident benefit for 1 year upto Rs.50, 000/- with borrower’s premium of Rs.5/-. (subsidized premium)
- Crop insurance under RKBY available for the identified crops.
- Weather Based Crop Insurance is implemented as per the Government of India instructions
MORTGAGE LOANS (against immovable property)
- Loans against Immovable Property (for others)
- Loan amount from Rs.1.00 lac to Rs.10.00 lacs.
- Loan upto 50% of the market value/ realizable value of the property, taking into consideration 3 years annual income of the mortgagor.
- Repayable in 84 EMIs OR Cash Credit for 3 years subject to annual review.
PRODUCE MARKETING LOANS
- Loans upto Rs.10 lakhs against the warehouse receipts of State or Central Govt. warehouse receipts repayable in 12 months
BHOOMI VRUDHI (MANA OORU MANA CHERUVU)
- NAME OF THE SCHEME: BHOOMI VRUDHI
- ELIGIBILITY: ALL THE FARMERS WHO WERE HAVING CROPLOANS WITH THE BRANCH FOR THE LAST 2 YEARS ARE ELIGIBLE.
- A SIMPLE DECLARATION BY THE FARMER.
- AMOUNT OF LOAN : maximum Rs.50,000/- (Rs.5000/- per acre )
- REPAYMENT : HALF YEARLY IN 6 YEARS.
- INTEREST : 12.5% PER ANNUM (HALF YEARLY RESTS )