Central Kisan Credit Card ( CKCC)

Purpose	To meet short term credit requirements for cultivation of crops/ dairy animals/fisheries/poultry birds/other small ruminants. To provide Post-harvest expenses & Produce Marketing loans. * To meet consumption requirement of farmers * To meet working capital requirement for maintenance of farm equipments and other assets and activities allied to agriculture like dairy, fisheries etc.
Eligibility	*All Farmers - Individuals / Joint borrowers who are owner cultivators, tenant farmers, oral lessees, share croppers and Self Help Groups or Joint Liability Groups of Farmers, Farmers Producer organizations/ Farmers producer Companies
Nature of facility	*Short-term revolving credit
Limit	Cash Credit limit will be sanctioned for 5 years *For the first year, limit will be fixed on the basis of - Scale of finance for the crop/ dairy animals etc, plus - 10% of limit towards post-harvest/household/consumption expenses plus - 20% of limit towards repairs & maintenance, crop insurance, Personal Accident Insurance & asset insurance. - For second and subsequent years the limit will be arrived at by adding 10% towards cost escalation over limit of the preceding year.
Margin	*Nil as it is inbuilt in the scale of finance.
Security	*Primary - - Hypothecation of crops/dairy animals/fisheries/poultry birds/other small ruminants and other assets created out of bank's finance. * Collateral - - No collateral for limit upto Rs 1.60 Lakh.(In tie ups-up to Rs.3.00 Lakh- No security required) - For limits above Rs 1.60 Lakh, collateral security is required.
Rate of Interest	Limit Upto Rs 3,00,000/- (Interest Subvention) Above Rs 3.00 Lakh up to Rs 10.00 lacs Above Rs 10.00 lakh upto Rs 100.0 lakh	7% MCLR + 2.50% MCLR + 3.00%
Interest Subvention	3% Prompt Repayment Incentive will be credited in CKCC accounts upto Rs.3 Lakhs of prompt repaying farmers so Net Interest rate on CKCC will be 4% for farmers paying promptly.
Processing Charges	Upto 3 lakh-Nil Above 3 lakh- 0.30%
Repayment	As per the anticipated harvesting and marketing of the crop. Limit will be valid for 5 years, subject to annual review.