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Long Term Credit
Bhumiheen Green Card
FeaturesForms & DocumentsFAQs
 
UNION BHUMIHEEN GREEN CARD
 
What is the purpose of Union Bhumiheen Green Card?
 
Union Bhumiheen Green Card helps provide hassle-free and adequate credit i.e. working capital and term loan to tenant farmers/oral lessees/ sharecroppers/landless labourers etc. having no land in their names.
 
Eligibility:-
 
  • Tenant farmers/oral lessees/ sharecroppers who are tilling agriculture land of others otherwise eligible for short term credit for raising crops.
  • Agricultural laborers/landless laborers who get income from working in farms of others and engaged in various allied agricultural activities.
  • SHGs/JLGs of oral lessees/tenant farmers/ sharecroppers.
 
Quantum of loan:-
 
  • Maximum of Rs 25,000/- including 10% contingency limit per borrower.
  • In case of group/JLG/SHG the quantum will be decided on the size of group.
 
Margin:-
 
Nil.
 
Security:-
 
  • Hypothecation of standing and harvested crops.
  • Hypothecation of assets created out of Bank finance/milch cattle etc.
  • In case of JLG/SHGs, documents prescribed for such financing.
 
Rate of Interest And Processing charges:-
 
Please click here to know our latest interest rates
 
Repayment Period:-
 
Though Union Bhumiheen Green Card will be issued for three years, the working capital limit for production shall be renewed annually. No crop loan should remain outstanding for more than 12 months. The term loan for other than crop loan purposes will be repayable as per other schemes, subject to maximum period of 5 years. The contingency limit of 10% shall be treated as working capital term loan limit and will be reviewed along with it.
 
Insurance:-
 
  • Crops in notified areas under Crop Insurance Scheme will be insured.
  • All other assets/cattles created out of Bank finance to be insured as per the Bank clause.
  • The insurance premium to be borne by the borrower wholly.
I Anup Kumar Das, Son of Late Jiban Krishna Das, residing at Vill.- Paschim Nandabhanga, P.O.- Bakhrahat, P.S.- Bishnupur, Dist.- South 24-Parganas, West Bengal
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