7. KISAN GOLD CARD

OBJECT

Term loan to farmers having regular agricultural income for investment and consumption purpose

ELIGIBILITY

1. Farmers who have not availed loan from any other Bank
2. Farmers having good track record of repayment in their loan accounts for the last two years.
3. Borrowers of other banks also eligible provided they liquidate their outstandings with other Banks.

REPAYMENT

In instalments depending on the income generated. Maximum period 10 years.

LOAN AMOUNT

• Above Rs. 1 lac Maximum: Rs. 15 lacs
• 5 times the gross annual farm income OR 50 % of value of land offered as collateral security, whichever is lower.
• No interest subvention from govt.