KCC KISAN CREDIT CARD OFFICIAL LETTER 6/2/2020

KCC KISAN CREDIT CARD Features and benefits

• Get interest at saving bank rate on credit balance in KCC account.
• Free ATM cum debit card (State Bank Kisan Card) for all KCC borrowers
• Interest subvention @2% p.a is available for loan amount upto Rs. 3 Lacs
• Additional interest subvention @3% p.a for prompt repayments
• Notified crops / notified areas are covered under crop insurance for all KCC loans
• Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-harvest expenses and farm maintenance cost
• For subsequent 5 year loan will be sanction on the basis of increase in scale of finance
• KCC OFFICIAL LETTER PARIPATRA DOWNLOAD BELOW LINK
• https://drive.google.com/file/d/1NgUZGpYT7pvfMvTvDS4LYymtnCc0QF_2/view?usp=sharing
• KCC FORM DOWNLOAD BELOW LINK
• https://drive.google.com/file/d/1NeN5gnf8CkFyPNHOzSJFUIn8MoLVN_Xj/view?usp=sharing

• Collateral security is waived for KCC limit upto Rs. 1.60 lac.
• Sanctioned KCC limit will be considered for the purpose of fixing collateral security requirement
• Simple interest @7% p.a will be charged for one year or upto the repayment due date, which ever is earlier.
• In case of non-repayment within the due dates interest is applied at card rate
• Beyond due date interest will be compounded half yearly
• The repayment period may be fixed as per the anticipated harvesting and marketing period for the crops for which a loan has been granted.