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Cent Kisan Sathi

Purpose

* To help indebted farmers to redeem their outstanding dues of Money lenders, Pawn Brokers, Fertilizer and farm input Dealers, Middleman etc.

Eligibility

* Farmers who are indebted to Non-institutional lenders

Nature of facility

* Term Loan.

Quantum of Limit

*Maximum of Rs 1.00 Lakh

Rate of Interest

MCLR+1.35%

UpFront Fee

Upto Rs 3 Lakh/- : NIL

Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625%)

Period of loan

* 5 years

Security

* Tangible security if any, pledge with the moneylenders
* Hypothecation of Crops.
* Mortgage of land.