|S.No||Credit facility||Quantum of assistance.|
|1||Kisan Credit Card||Farmers can avail crop loan through Kisan Credit Card. Loan /credit limit is decided on the basis of crop sown on cultivated land by the farmers and Kisan Credit Cards are valid for 3-5 years. Farmers are also provided cover of Rs.50,000/- maximum for accidental death.|
Loan facility to the farmers is available for investment purposes in the areas viz. Irrigation, Agricultural Mechanization, Land Development, Plantation, Horticulture and Post Harvest Management.
Collateral/ security-free loan
Crop loan upto Rs.3 lakhs at 7% rate of interest. This interest rate
becomes 4% due to 3% interest subvention incentives provided to
those farmers who repay crop loan on time
No need of collateral security for farm loan up to Rs.1.6 lakh
Nearest Commercial Banks, Regional rural Banks and Cooperative Banks / Co-Operative Credit Societies.
Source: Department of Agriculture
Last Modified : 3/3/2020