Central Kisan Credit Card ( CKCC)

Purpose

To meet short term credit requirements for cultivation of crops/ dairy animals/fisheries/poultry birds/other small ruminants.
To provide Post-harvest expenses & Produce Marketing loans.
To meet consumption requirement of farmers
To meet working capital requirement for maintenance of farm equipment’s and other assets and activities allied to agriculture like dairy, fisheries etc.

Eligibility

All Farmers - Individuals / Joint borrowers who are owner cultivators, tenant farmers, oral lessees, share croppers and Self Help Groups or Joint Liability Groups of Farmers, Farmers Producer organizations/ Farmers producer Companies

Nature of facility

Short-term revolving credit

Limit

Cash Credit limit will be sanctioned for 5 years

Margin

Nil as it is inbuilt in the scale of finance.

Security

Primary -
- Hypothecation of crops/dairy animals/fisheries/poultry birds/other small ruminants and other assets created out of bank's finance.
Collateral -
- No collateral for limit up to Rs  2 Lakh.(In tie ups-up to Rs.3.00 Lakh- No security required)
- For limits above Rs 2.00 Lakh, collateral security is required.

Rate of Interest

7% p.a. advances covered under Interest Subvention scheme and advances not covered under Interest Subvention scheme is as follows:

Up to 3 Lakhs: MCLR+1.35

Above 3 Lakhs up to 10 Lakhs: MCLR + 2.50

Above 10 Lakhs up to 100 Lakhs: MCLR + 3.00