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Product - Agricultural

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) 

  1. 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 )