Hello sir, is there any one can provide me detail about the Kisan credit card of SBBJ bank? How to take benefits of SBBJ Kisan Credit Card?

State Bank of Bikaner & Jaipur offers various agriculture based products for farmers in Rajasthan and also across the country.

The Kisan Credit Card scheme offers excellent short term credit solutions and other financing options for allied agricultural activities, consumption needs, etc., using a simple application procedure.


Scheme of Kisan credit card of SBBJ bank





Validity:
The Kisan Credit Card is valid for a period of five years.

Facilities available with the card:

Short term loans and working capital credit has to be provided though one Kisan credit card account to customers.
Every KCC account will come with a passbook which will carry three sections for keeping track of the credit activities.

Loan Margin:

There is no loan margin requirement for the cash credit sanctioned by State Bank of Bikaner & Jaipur.
For term loans taken for up to Rs.1, 00,000, no loan margin is required.
A loan margin of 15% to 25% loan margin is required for term loans above Rs.1, 00,000, based on the financial situation of the farmer.

Security:
Hypothecation of movable assets and crops is required for loans taken up to an amount of Rs.1, 00,000.

Interest Rates for working capital / crop loans:
For crop loans taken for up to Rs. 3, 00,000, the interest rate charged by State Bank of Bikaner & Jaipur is 7% per annum.
Kisan credit card loans taken for an amount above Rs. 3, 00,000, State Bank of Bikaner & Jaipur charges an interest rate as per the applicable rate for the amount.