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image    KISAN TATKAL SCHEME

 

KISAN TATKAL SCHEME
Purpose:
 
  • An instant credit, for farming community to meet the emergency requirements for Agriculture and Domestic purposes for tiding over temporary difficulties.
ELIGIBILITY
  • Individual farmers /joint borrowers (not exceeding 4 farmers) who are existing Kisan Credit Card (KCC) holders having satisfactory track record of atleast two years.
Type of Loan:
  • It shall be single transaction Term loan limit Loan repayable within 3 years.
Quantum of loan Ceiling
  • Minimum limit: Rs. 1000/Maximum limit: Rs. 50000 /- (Subject to ceiling at 50% of KCCS limit/ 25% of annual income)
Security:
  • Existing securities obtained for KCC to be continued. No additional securities to be obtained even if the combined exposure of KCC plus proposed Kisan Tatkal Scheme) exceeds the present cut-off ceiling of Rs-1 lakh-
Repayment:
  • 3-5 years in half yearly equal installments
  • The loan is to be cleared in full if a fresh/enhanced limit is sought the subsequent year based on revised KCCs limit
Rate of Interest:

 


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