| 5. Kisan Mithra Scheme
Type of facility: SOD (Agri)
Purpose: Lending to farmers for crop cultivation and various consumption expenses
Period: 1 year
Limit per agent based on the number of farmers in their fold, the crops cultivated by the farmers, extent of area cultivated and the value of L&B security
DP: 90% of the balance o/s by the farmers to the agent
6. KVB Happy Kisan
Eligible farmers:
only farmers owning lands and recommended by the Supply Chain Agents approved by C.O.
Nature of facility:
Short term crop loan (cultivation cost) including consumption / personal expenses
Eligible crops: All crops grown in the respective area of operation
Limit:
- Limit upto Rs.0.50 lacs - NIL
- Limit beyond Rs.0.50 lacs - Agri land
7. Green Card Plus
The Green Card Plus loan is an improvement over the Green Card loan as it not just for short term working capital requirements, but also for term loan requirements. As an agriculturist, you also have the advantage of using a portion of your loan for your consumption needs. It provides for both short and long term requirements.
Features and Benefits
- Provides for credit requirements of the farmer, including both working capital and term loans for agriculture and related activities.
- Eligibility requires that all previous crop and agriculture term loans be repaid; both to KVB and any other bank, with no existing credit with any bank or financial institution.
- Partial use permitted for individual consumption.
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