Kisan Credit Card Scheme Provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses, and expenses related to ancillary activities through simplified procedure facilitating availment of the loans as and when needed.

Eligibility :

All farmers-individuals/Joint borrowers who are owner cultivators

Tenant farmers, Oral lessees and Share Croppers

SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers

Disbursement of the Loan

Issue of Cards

a) The farmers under the scheme will be issued a credit card-cum-passbook incorporating the name, address, particulars of land holding, borrowing limit / sub-limits, validity period, etc. to facilitate recording of the transactions on an on-going basis. The passbook, among others, would provide for a passport size photograph of the beneficiary.

b) The beneficiary farmer should produce the passbook while operating the account.
Technical Feasibility a) Suitability of soil, climate and availability of adequate irrigation facilities

b) Suitability of the produce for storage.
c) Suitability of the storage unit

Security

(a) Upto Rs.50,000/= : D. P. Note Hypothecation of standing crops

(b) Above Rs.50,000/= : D. P. Note Hypothecation of standing crops Mortgage of land / Collateral security

Common Documents:

(a) Demand Promissory Note.
(b) Deed of Composite Hypothecation Agreement (CHA-1).
(c) Letter of Authority (AG-15).
(d) Charge on land as per Agricultural Credit Act or Equitable mortgage or Legal Mortgage of land (CHA-4).
(e) Letter of Pledge (OD-159).
(f) Pledge of Storage Receipt duly discharged.
(g) Undertaking to repay the advance within 12 months or on sale of produce.
(h) Bank’s lien to be notified to the storage unit.
(i) Undertaking from the godown / cold storage owners not to deliver the goods without production of the pledged storage receipt.
(j) L-515.
(k) L-516 (if required).