AGRICULTURE - PRODUCTION & MARKETING FINANCE
Eligibility for revised PKCC limit.
All Farmers â€“ Individuals / Joint borrowers who are owner cultivators
Tenant Farmers, Oral Lessees & Share Croppers
SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.
Limit for First Year.
As per scale of finance
For Farm Maintenance, post harvest / house hold expenses consumption need & Crop Insurance + PAIS
Maximum 30% on scale of finance
Drawl through various other delivery channels.
Operations through branch
Operations using Cheque facility
Withdrawal through Rupay Kisan debit cards.
Operations through Point Of Sale (PoS) available with input dealers
Mobile based transfer transactions at agricultural input dealers and mandies.
Operations through Business Correspondents (BC) and Ultra Small Branches (USB)
Operation through PoS available in Sugar Mills/ Contract farming companies, etc., especially for tie-up advances
Tenability of revised PKCC Limit.
The limit under the revised Scheme consists of Working capital with a tenability of 5 years and Term Loan component (with a tenor of 5 years).
Each withdrawal under the short term to be liquidated in 12 months (in case of short term crops)/18 months (in case of long term crops).
There is no need to bring the debit balance to Zero at any time.
Security (aggregate exposure including other agriculture loans):
Up to Rs.50000/- Hypothecation of crops
Rs.50001 to Rs.1 lakh - Hypothecation of crops + Coobligation +Charge over land
Above Rs.1 lakh- Hypothecation of crops + Mortgage of landed properties + Coobligation
GOLD LOANS AGAINST PLEDGE OF GOLD JEWELLERYPurpose: Agriculture Gold loans.
Loan Limit: 80% of the appraised value of the gold ornament or amount fixed by the bank per gram which ever is less.
Repayment: Within 12 months from the date of disbursement.
Security: Pledge of Gold Jewellery.
PLEDGE LOANS/LOANS ON WARE HOUSE RECEIPT
Purpose: To store the Agricultural produce till the farmer gets good price for his produce and to avoid distress sale.
Loan limit: Maximum 10 lakh per farmer. (Higher loan limit under non priority sector)
Security: Pledge of grains/agricultural produce/Co-obligation.
Repayment: Varies according to type of produce-maximum One year.