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Banking & Credit :: INDIAN OVERSEAS BANK

1. New Kisan Credit Card

Objective:
 To meet investment and credit requirements of farmers.

Eligibility: 
Existing farmer clients & also the prospective farmers

Purpose: Investment credit need and allied activities. Revolving Cash Credit for crops & for allied activities 

Amount: Maximum Rs..50,000/-


For further details Click here


2. Credit Card KCC

Objectives:
  • Kisan Credit Card Scheme aims at providing need based and timely credit support to the farmers for their cultivation needs as well as non-farm activities and cost effective manner.

  • To bring about flexibility and operational freedom in credit utilisation.
Eligibility: Existing farmer with good record or any farmer (even illiterate)

Purpose:
For crop/ harvest  and maintenance of machinery

Amount :
  • Minimum  Rs 2000/- no maximum amount.
  • 10% above scale of finance for crops
For further details Click here


3. Kisan Green Card

Objective:
To cater to long term developmental Credit needs including consumption needs of the farmers.

Eligibility:
Farmers with good tract record of loan repayment (within 3 months from due date) for the last 3 yrs.

Purpose:
Long term developmental credit needs including consumption needs.

Amount:
5 times annual income or 50% of Mortgaged  land or 100% of liquid securities-Max. 5 lacs

For further details Click here
 
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