Sbi Agri Loans
SBI
AGRICULTURAL GOLD LOANS
Purpose
Bank extends hassle free finance to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses, Investment expenses related to agriculture and / or allied agricultural activities.
Eligibility
Any person engaged in agriculture or allied activities as well as persons engaged in activities permitted to be classified under agriculture.
Quantum of Loan
Upto 70% of the value of the ornaments .Value will be as advised by the bank to the branches periodically.
Security
Pledge of gold ornaments.
KISAN CREDIT CARD (KCC)
Purpose: To provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses, and expenses related to ancillary activities through simplified procedure facilitating availment of the loans as and when needed.
Who are eligible for the loan? * Owner cultivators, tenant cultivators and Share croppers. * Agricultural borrowers having good track record for the last 2 years (i.e., Maintaining standard loan accounts). * Creditworthy new borrowers can also be financed.
Loan amount * Loan amount is based on operational land holding ,cropping pattern and ancillary and contingency needs of the farmer for the full year
100% of the cultivation cost available as loan upto Rs 50000/ and 85 % of the cost as loan above Rs 50000/. Expenses to meet important ancillary activities to production can also be financed in addition to the above The total limit is inclusive of 20% of production credit, which includes crop production expenses and working capital for allied agricultural activity, as contingency credit /consumption loan.
Disbursement of the Loan
As per the cultivation requirements of the crop, the loan will be disbursed in cash .
Security
Loan amount upto Rs 50000/ | Hypothecation of Crops. | Above Rs 50000/ upto Rs 100000 | (1) Hypothecation of crops.
AGRICULTURAL GOLD LOANS
Purpose
Bank extends hassle free finance to farmers / agriculturists against Gold Ornaments / gold wares to increase their liquidity to meet crop production expenses, Investment expenses related to agriculture and / or allied agricultural activities.
Eligibility
Any person engaged in agriculture or allied activities as well as persons engaged in activities permitted to be classified under agriculture.
Quantum of Loan
Upto 70% of the value of the ornaments .Value will be as advised by the bank to the branches periodically.
Security
Pledge of gold ornaments.
KISAN CREDIT CARD (KCC)
Purpose: To provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses, and expenses related to ancillary activities through simplified procedure facilitating availment of the loans as and when needed.
Who are eligible for the loan? * Owner cultivators, tenant cultivators and Share croppers. * Agricultural borrowers having good track record for the last 2 years (i.e., Maintaining standard loan accounts). * Creditworthy new borrowers can also be financed.
Loan amount * Loan amount is based on operational land holding ,cropping pattern and ancillary and contingency needs of the farmer for the full year
100% of the cultivation cost available as loan upto Rs 50000/ and 85 % of the cost as loan above Rs 50000/. Expenses to meet important ancillary activities to production can also be financed in addition to the above The total limit is inclusive of 20% of production credit, which includes crop production expenses and working capital for allied agricultural activity, as contingency credit /consumption loan.
Disbursement of the Loan
As per the cultivation requirements of the crop, the loan will be disbursed in cash .
Security
Loan amount upto Rs 50000/ | Hypothecation of Crops. | Above Rs 50000/ upto Rs 100000 | (1) Hypothecation of crops.