Digital Central Kisan Credit Card
Purpose: To provide timely and adequate credit to farmers to meet expenses related to Cultivation, Ancillary Activities, Contingencies or others.
Who can Apply: Farmers, engaged in agriculture, cultivating own and /or leased land .
Documents Required: Evidence of Land Holding or Allied Activities.
Interest Rate:
|
Limit |
Rate of Interest (MCLR = 8.70%) |
|---|---|
|
Upto ₹ 3.00 Lakh |
7 % |
|
More than ₹3Lakh upto ₹10.00 Lakh |
MCLR + 2.50 % = 11.20 % |
|
Above ₹ 10.00 lakh |
MCLR + 3.00 % = 11.70 % |
Processing Fee:
Up to ₹3.00 lakh – NIL
Above ₹3.00 lakh - 0.30 %
Documentation charges :
Up to ₹3.00 lakh – Nil
Above ₹3.00 lakh to ₹ 10.00 lakh – ₹2500
Above ₹10.00 lakh – Min. ₹2500 or ₹100 per Lakh or part thereof Max. ₹15,000
Inspection Charges :
Up to ₹3.00 Lakh - Nil
Above ₹3.00 Lakh to ₹ 10.00 Lakh @ 0.10 % Max. 1000 per inspection
Above ₹10.00 Lakh – ₹ 5000 up to ₹25.00 lakh per inspection
Above ₹ 25.00 Lakh - ₹ 10,000 per inspection
Validity of limit: Limit is sanctioned for 5 Years subjected to annual review.
Security:
- Up to ₹2 Lakh – Hypothecation of Crop
- Above ₹2 Lakh – Charge on Land
*Above mentioned rates are indicative and may differ at the time of processing.