Retail Agri Loan - Loan for Farmers

Kisan Gold Card is finance to farmers for specified sum of money, towards his farm requirements like production of crop, post-harvest, repair & maintenance and consumption need of the farmer. Funding is also done for purchase of farm machinery, implements, irrigation equipment and construction of storage structures etc...

Eligibility:  Individual farmer/ Joint borrower. All major applicant  up to age of 60 years, above 60 years legal heir is mandatory.

Type of facilities: 

1. Cash Credit/Over draft: To meet crop production cost & expenses towards consumption, post-harvest expenses and repair & maintenance
2. Term Loan: For investment purpose like land development, purchase of farm implement, Irrigation equipment etc.
3. Quantum of finance: Quantum of finance is based up on land under cultivation, cropping pattern & scale of finance.
4. Security: 
   1. Primary: Hypothecation of crop & assets created out of bank finance
   2. Collateral: Mortgaged of agricultural land/Urban Property/Liquid security
5. Tenure: Five year
6. Other Benefit:
   1. Free Personal accidental insurance coverage of farmer, up to Rs. 2,00,000/-,
   2. Crop Insurance available for all notified crop under Prdhan Mantri Fasal Bima Yojana,
   3. Issuance of Rupay Farmer Platinum debit card for hassle free transaction.
7. Documentation:
   1. Application Form
   2. KYC of Borrower/Co-borrower/Guarantor
   3. Copy of Land records
   4. Copy of Govt.  land rate of agriculture land
   5. Latest updated passbook/bank statement