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. |
2
3 |
Investment Loan
Interest Assistance |
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
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