KCC for Alied activities - Agri & Rural

 Eligibility Criteria

• A. Dairy:
  • Farmers and Dairy farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned /rented/leased sheds
• B. Fisheries:
  • a. Inland Fisheries and Aquaculture:
    • Fishers, Fish Farmers (Individual & Groups/ Partners/ Share croppers/ Tenant farmers), Self Help Groups, Joint Liability Groups and women groups.
    • The beneficiaries must own or lease any of the fisheries related activities such as pond, tank, open water bodies, raceway, hatchery, rearing unit, possess necessary license for fish farming and fishing related activities, and any other State specific fisheries and allied activities
  • b. Marine Fisheries :
    • Beneficiaries listed at above who own or lease registered fishing vessel/boat, possess necessary fishing license/permission for fishing in estuary and sea, fish farming/maricultural activities in estuaries and open sea and any other State specific fisheries and allied activities
• C. Poultry & small ruminants:
  • Farmers, Poultry farmers either Individual orJjoint borrower, Joint Liability Groups or Self Help Groups including Tenant farmers of sheep/goats/pigs/poultry/birds/rabbit and having owned/ rented/ leased sheds
  • Not to be defaulter in any other bank / financial institutions

Documents Required

• Application Form
• Two Passport Size Photographs.
• ID proof such as Driving License/ Aadhar Card/ Voter Identity Card/ Passport.
• Address Proof such as voter ID card, Driving License, Aadhar Card .
• Proof of owning or leased fishing vessel, land, etc., duly certified by the competent authorities.
• Proof of poultry/fishery/dairy/pig rearing/sheep rearing/ goat rearing activity.
• Any other document as per sanction.

Interest, Fees &  Charges

• At present, rate of interest up to Rs.2.00 lacs per farmer will be @7% p.a (fixed) as per Government of India (GoI) directives. It is subject to GoI providing 2% p.a. interest subvention to Bank on such advances.
• Additional interest subvention of 3 per cent per annum for prompt repaying borrowers as per GoI directive reduces the effective interest rate charged to borrower @ 4 per cent per annum.

If loan is not repaid on due date, the interest rate will be linked to One Year MCLR + Spread as determined by Bank from time (Present interest rate: One Year MCLR +3.25% i.e. 10.35%)

Processing Charges:

Processing charges and other charges should be recovered each year ·

• KCC-AH&F Limits up to Rs. 50,000/- : NIL
• Limits above Rs. 50,000/- to Rs.1.50 lakhs : Rs.200+ GST
• Limits above Rs,1.50 lakh to Rs.3.00 lakhs: Rs.250+ GST per lakh or part thereof

• For more details, please visit nearest SBI Branch.