11. Karshaka Suhruth

Eligibility

All existing farmer borrowers as well as other farmers in the operational area of the Branch and they have to satisfy the bank officials regarding indebtedness from the moneylenders. They should be the permanent resident in the Bank's area of operation and should not be defaulters to any other bank.

Purpose

The objective is to help indebted farmers to redeem their outstanding dues to moneylenders and also to meet their crop production needs on the condition that they do not create fresh debts with moneylenders.

Amount of Loan

a) The quantum of loan granted shall be 100% if the debt is on account of cultivation or agri. activity or Rs.50000/- whichever is less.
b)Simultaneously the applicant shall be financed for crop production through Kissan Credit Card which includes additional 20% of the production limit to meet contingent requirements or /and Agriculture Term loan as per Bank's guidelines to pursue productive activity.

Rate of Interest

Normal rate as applicable to Agri. Term Loan (Direct)
At present Upto Rs.50,000/ --- 1.25% above Base Rate Effective rate 11.50% pa
 
Repayment

Term loan will be repayable in yearly/half yearly installments in 3-5 years