Can you provide me the details of the Kisan Credit Card (KCC) scheme as offered under SBI or State Bank of Bikaner and Jaipur Kisan Credit Card section?

The Kisan Credit Card (KCC) scheme of State Bank of Bikaner and Jaipur aims at providing comprehensive credit requirements including Short Term Credit needs and reasonable component for consumption / ancillary needs with flexible and simplified procedure under single window.

The details of the Kisan Credit Card (KCC) scheme as offered under SBI or State Bank of Bikaner and Jaipur Kisan Credit Card section are as follows:

Nature of Facility :

a) CASH CREDIT:

• Entire production credit requirement for the full year.

• Credit requirements for ancillary needs such as maintenance of agriculture machinery/ implements, electricity bills, diesel charges & unforeseen credit needs related to crop production, are made up to 20% of aggregate scale of finance without cap.

• For meeting contingent needs pertaining to expenses such as, medical, education of children, birth, funerals, marriage & other religious ceremonies, consumption limit up to 25% of total peak level limit without cap.

b) TERM CREDIT :
For allied activities such as pump sets, land development, plantation, drip irrigation, and allied to agricultural activities such as dairy farming, sheep breeding, fisheries, bee keeping etc.

Quantum of Limit : The total limit (cash credit & term loan) should have a relationship with the projected net earning and the repayment capacity of the borrower including his existing loan obligations, if any.

MARGIN :
i) For Cash Credit component - - - - NIL - - - -
ii) For Term Loan
a) up to Rs.1,00,000/-NIL
b) Above Rs.1,00,000/- 15 to 25% depending upon the capacity of the farmer.

Security :
i) Up to Rs.1,00,000/-Hypothecation of crops and movable assets.

ii) Above Rs.1,00,000/-:-
Primary :-Hypothecation of crops & movable assets created out of loan.
Collateral :-Mortgage of land where only immovable assets are created / charge over land where movable assets are created.

State Bank of Bikaner and Jaipur Kisan Credit Card