Cent Kisan Tatkal Scheme
Purpose | * To provide instant credit to the Farming community to meet their emergency requirements for Agricultural and domestic purposes for tiding over temporary difficulties. |
Eligibility | * Individual farmers/Joint borrowers who are existing Kisan Credit Card holders of the bank. |
Nature of facility | * Term Loan repayable within 5 years. |
Quantum of Loan | * 50% of CKCC limit or 25% of annual income (minimum Rs.1,000/- and maximum Rs.50,000/-.) |
Security | * Charge on the existing securities obtained for CKCC. |
Interest Rate | * MCLR + 1.35% |
Upfront Fee |
* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) |
Repayment | * Within 5 years in suitable instalments coinciding with overall income generation. |
For further details, please contact our nearest branch.