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Image  KISAN CREDIT CARD (ANIMAL HUSBANDRY & FISHERY)


Purpose

The scheme aims at providing credit facility to meet the short term credit requirements of rearing of animals, birds, fish, shrimp, other aquatic organisms, capture of fish.

Scale of Finance

  • The scale of finance will be fixed by the District Level Technical Committee (DLTC) based on local cost worked out on the basis of per acre/per unit/per animal/per bird etc.

Repayment:

  • The loan will be in the nature of a revolving cash credit limit.

Security

Primary- Hypothecation of Standing crop, livestock, Feed, Medicine and asset created out of bank finance etc.
Collateral-

  • Up to Rs.1.60 lakh:- Nil
  • Above Rs 1.60 lakh:- Mortgage of land and/or third party guarantee in addition to hypothecated crops/assets.

Other features:

Interest subvention/incentive available as per norms.
Comprehensive insurance of livestock wherever applicable is obtained and renewed every year along with Banks hypothecation clause.

Forms & Documents

  • Appropriate DPN note  ,Hypothecation agreement , Deed of Guarantee, Declaration /undertaking for Agriculture advance, Mortgage deed, Letter of Continuity, Letter of general lien and setoff, Letter of undertaking from borrower / Guarantor for disclosure  CIBIL and any other document stipulated in sanction.

Rate of Interest - Please click here to know our latest interest rates

Conditions apply.

For more details please contact our nearest branch