1. Syndicate Kisan Samrudhi Credit Card (SKSCC) Scheme
Syndicate Bank introduced Syndicate Kisan Samrudhi Credit Card (SKSCC) Scheme. The objective of the scheme is to meet crop production, consumption and investment credit needs of the farmers with single point of appraisal and documentation. Personal Accident Insurance cover is also extended.
The salient features of the scheme:
- Single point appraisal and documentation for crop production, consumption and investment credit needs of the farmers and hassle free operations in the account.
- The validity of the limit is five years.
- Investment credit requirement of medium term maturity of not more than five years are met.
2. Scheme for Financing Agricultural Produce Marketing Loan
Under the scheme, loans up to twice the amount of crop loan or 75% of the value of the produce up to a maximum of Rs.10 lakh are extended. No mortgage is required up to a loan amount of Rs.1.00 lakh and for loans above Rs.1.00 lakh security as applicable to agricultural loans is required.
Source:
http://www.syndicatebank.in
http://www.syndicatebank.in/scripts/AgriculturalLoans.aspx
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