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KCC For Crop Production
A single window credit assistance to the farmers for their crop cultivation and other working capital needs.
Disclaimer
By clicking the link you will be redirected to the website of the third party. The third party website is not owned or controlled by Bank of India and contents thereof are not sponsored, endorsed or approved by Bank of India. Bank of India does not vouch or guarantee or take any responsibility for any of the contents of the said website including transactions, product, services or other items offered through the website. While accessing this site, you acknowledge that any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk and consequences.
The Bank of India and its affiliates, subsidiaries, employees, officers, directors and agents shall not be liable for any loss, claim or damage whatsoever including in the event of deficiency in the service of such third party websites and for any consequences of error or failure of internet connection equipment hardware or software used to access the third party website through this link , slowdown or breakdown of third party website for any reason including and resulting from the act or omission of any other party involved in making this site or the data contained therein available to you including for any misuse of the Password, login ID or other confidential security information used to login to this website or from any other cause relating to your access to, inability to access, or use of the site or these materials in accordance thereto Bank of India and all its related parties described hereinabove stand indemnified from all proceedings or matters arising thereto.
By preceding further to access the said website it is presumed that you have agreed to the above and also the other terms and conditions applicable.
- Attractive interest rate (7% p.a.) on loans upto Rs.3.0 lacs
- 3% interest subvention (Upto Rs.9000/- per borrower)for loans upto Rs. 3.00 lacs on prompt repayment.*
- Smart Cum Debit Card (Rupay Cards) for all eligible borrowers.
- Comprehensive Progressive limit for 5 years available.10% limit increase every year, subject to annual review.
- Personal accident insurance scheme (PAIS) coverage available.
- No collateral security for loans upto Rs.1.60 lacs. Only Hypothecation of Standing Crop.
- Eligible crops may be covered under PRADHAN MANTRI FASAL BIMA YOJNA (PMFBY) on premium payment.
- Type of facility-Cash Credit and Term loan for investment.
TAT
Disclaimer
Disclaimer
| Upto Rs.160000/- | Above Rs.160000/- |
|---|---|
| 7 business days | 14 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
Quantum of finance
Need based finance considering cropping pattern, acreage and scale of finance.
*T&C applied
- To meet the short term credit requirements for cultivation of crops including fodder crops
- To meet long term credit requirements for cultivation of crops (i.e. sugarcane, Fruit maturing more than 12 months etc.).
- Post harvest expenses
- Produce Marketing Loan
- Consumption requirements of farmer household
- Working Capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery, etc.
- Investment credit requirement for agriculture and allied activities like pumpsets, sprayers, dairy animals, etc.
*T&C applied
- All farmers-individual/ joint borrowers who are owner cultivators.
- Tenant farmers, oral lessees and share croppers
- Self Help Groups (SHGs) and Joint Liability Groups (JLGs) of farmers including tenant farmers, share croppers, etc.
Before applying you must have
- KYC documents (identity proof and address proof)
- Proof of landing holding/tenancy.
- Mortgage of land or other Collateral security of adequate worth for loans above Rs. 3.00 lacs.(under tie up arrangement) and Rs. 1.60 lacs(under no tie up arrangement)
*T&C applied
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