Kisan Samriddhi Rin - Agri & Rural

Features:

• Type of Facility: Agriculture cash credit
• Quantum of Loan
  • Minimum Loan: ₹ 5.00 lakhs
  • Maximum Loan: ₹ 50.00 Crores.
  The quantum of loan will be based on realistic cost of end-to-end farming for any crop.
• Repayment: The repayment period will be fixed as per the anticipated harvesting and marketing period for the Crops for which the loan has been granted.
• Security:
  • Primary: Hypothecation of crops grown/assets to be created out of bank finance.
  • Collateral: Collateral Security by way of mortgage (Equitable Mortgage/Registered Mortgage) of immovable property/Agriculture land to be obtained for aggregate loan limit.
• Further, collateral Security, in the form of SARFAESI compliant immovable property (Land & Building) and/or Liquid securities like NSC (Face value) or Term Deposit (Face value) of Bank or any other acceptable liquid security, together will be taken for the value at least 25% of the value of limit.