Margin in case of crop loans need not be in cash. The cost of labour of the farmer and his family and the cost of other inputs not financed by the Bank can constitute margin.
Rate of Interest
As per extant guidelines and conveyed time to time.
Service Charges
No service charges is applicable for limit up to Rs.3 lakh
Repayment
Short Term Working Capital (Revolving credit facility): Each withdrawal to be repaid with in 12 months for short term crops.
Crop Insurance
All the notified crops financed in the notified area must be insured under & insurance premium should be debited to the loan account.
ATM Card
All KCC holders will be issued RuPay enabled Debit Card to enable them to withdraw from their KCC account.
Personal Insurance
Personal Accidental Insurance cover is available to KCC holders up to Rs.5 Lakh subject to payment of annual Insurance Premium.
