Kisan Samriddhi Rin - Agri & Rural

Features:

• Type of Facility: Agriculture cash credit
• Quantum of Loan
  • Minimum Loan: ₹ 5.00 lakhs
  • Maximum Loan: ₹ 50.00 Crores.
  The quantum of loan will be based on realistic cost of end-to-end farming for any crop.
• Repayment: The repayment period will be fixed as per the anticipated harvesting and marketing period for the Crops for which the loan has been granted.
• Security:
  • Primary: Hypothecation of crops grown/assets to be created out of bank finance.
  • Collateral: Collateral security in the form of mortgage of immovable property/ Agriculture land and/or SARFAESI compliant security and/or liquid securities like unencumbered NSC (Face value) or Term Deposit (Face value) of Bank or Gold or any other acceptable liquid security.

Collateral Security Coverage should be as follows:

1) For MPL (Max. Permissible Limit) below ₹50.00 lakhs: At least 125% of loan amount (MPL) including min. 25% in the form of SARFAESI compliant    security and/or liquid securities (acceptable to the Bank).

Or

At least 200% of loan amount (MPL), in case min. 25% SARFAESI compliant/Liquid Security is not available. i.e., LTV (Max.) 50%.

2) For MPL (Max. Permissible Limit) of ₹ 50.00 lakhs and above: At least 125% of loan amount (MPL) including min. 25% in the form of SARFAESI compliant security and/or liquid securities (acceptable to the Bank).