hii sir, I wants to know about the Kishan credit card loan offered by the State bank of India to the Indian Farmers ?

As you asking for the The Kisan Credit Card (KCC) Scheme was a model agriculture loan scheme prepared by NABARD (link is external) in August 1998 and RBI (link is external) advised to implement the same by all commercial banks (link is external) in India in 1998. After series of request from farmers, NABARD and RBI revised the whole KCC Scheme to suit the farmers' current needs.


Objective:
SBI Kisan Credit Card (SBI KCC) to provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses. Agricultural (link is external) borrowers having good track record for the last 2 years.

Credit Limit of KCC Bank Loan

Production credit limit Rs. 3,000/- and above (reduced to Rs.1,000/- in Uttarakhand State). Credit limit based on operational land holding cropping pattern and scale of finance.

The total limit is inclusive of 20% of production credit. Limit is valid for 3 years subject to annual review.

Withdrawal - through withdrawal slips and cheque books for literate borrowers having credit limit of Rs. 25,000/-and above. ATM cards can also be issued for withdrawals.

Since Scale of Finance (SOF) is applied for financing -“No further margin to be insisted upon irrespective of any amount.

Security of KCC bank Loan

KCC Limit upto Rs 1 lac: Primary – Hypo of Crops, Collateral – NIL.
Personal Accident Insurance For KCC bank Loan

Personal Accident Insurance upto age of 70 yrs to the extent of Rs. 50,000 on death/disability. Rs. 25,000 on Partial disability. Premium (for one year) Rs.15 (10-Bank, 5-Bor.).


for more details visit the nearest branch of SBI .