The Kisan Credit Card detail which is issued by Union Bank of India has been explained as under:

1. Kisan Credit Card is given the accompanying goals :-

The fleeting credit necessities for development of products

Post harvest costs

Produce advertising advance

Utilization necessities of agriculturist family

Working capital for upkeep of ranch resources and exercises united to horticulture, similar to dairy creatures, inland fishery and so on.

Venture credit necessity for horticulture and united exercises like pumpsets, sprayers, dairy creatures and so on.

Qualification

All Farmers – Individuals/Joint borrowers who are proprietor cultivators

Sharecroppers, Oral Lessees and Share Croppers

SHGs/JLGs of Farmers including sharecroppers, tenant farmers and so on.

3. Obsession of credit cutoff/Loan sum

a)All ranchers other than minimal agriculturists:

For first year: ranchers bringing single yield up in a year(scale of finance*area developed +10% of point of confinement towards post-harvest/house hold/utilization needs+ 20% of farthest point towards repairs and support costs of homestead resources + crop protection, PAIS and resource protection.

For consequent years: First year limit in addition to 10% of the farthest point towards cost acceleration/increment in size of fund for each progressive year and evaluated term advance for the residency of kisan charge card.

In the event that amendment of size of fund for any year by the DLTC surpasses the notional climb of 10%, an overhauled drawable breaking point might be altered and the rancher is prompted about the same.

Term credits Investments

Term Loan is given towards interest in area improvement, minor watering system, buy of homestead types of gear and unified agrarian exercises. The quantum of credit for term and working capital point of confinement for rural and unified exercises, and so on., is worked out taking into account the unit expense of the benefit/s proposed to be gained by the rancher, the associated exercises as of now being embraced on the homestead, and on reimbursement limit opposite aggregate advance weight degenerating on the agriculturist, including existing advance commitments.

The long haul advance utmost depends on the proposed ventures amid the five year time frame and the bank's recognition on the reimbursing limit of the agriculturist

Greatest Permissible Limit:

The transient advance farthest point touched base for the fifth year in addition to the assessed long haul advance prerequisite will be the Maximum Permissible Limit (MPL) and regarded as the Kisan Credit Card Limit.

Obsession of Sub-cutoff points

As far as possible is bifurcated into particular sub limits for transient money credit limit cum investment account and term advances, because of distinction in financing costs, reimbursement timetable and standards.

b) For Marginal Farmers:

An adaptable breaking point of Rs.10,000 to Rs.50,000 be given (as Flexi KCC) in light of the area holding and yields developed including post harvest stockroom stockpiling related credit needs and other homestead costs, utilization needs, and so on., in addition to little term advance ventures like buy of ranch types of gear, setting up scaled down dairy/terrace poultry according to evaluation of Branch Manager without relating it to the estimation of area. The composite KCC limit is to be altered for a time of five years on this premise.

4. Rate of interest:

Return on initial capital investment will be connected to Base rate. Be that as it may, if Government bolstered interest subvention is accommodated any part of the point of confinement, the rate of interest might be altered as needs be.

5. Reimbursement Period:

The reimbursement time frame might be settled according to expected reaping and promoting period for the products for which advance is allowed.

The term advance part will be typically repayable inside a time of 5 years relying upon the kind of movement/speculation according to the current rules appropriate for venture credit.