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LAKSHMI KISAN CREDIT CARD
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- A unique product specifically for the agriculturist.
- It is a Crop Loan for meeting short term financial requirements
- The limits are revolving and gets replenished on repayment
- Earn Interest on Credit Balances
- Credit facility assured for three years
- Flexible repayment terms
- Avail up to Rs. 10.00 Lacs (conditions apply)
- Cheque facility for limits over Rs. 50,000/-
- Interest Ranges from PLR – 2.5% to PLR -1.0%
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- Literate and progressive farmers who have been an accountholder of the Bank for a minimum period of 1 year.
- Cultivating own land/family land with assured irrigation facility by way of canal, tank, open well or bore well
- Age is between 25 and 65 years (both years inclusive)
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- For Crops: Certain notified Crops will be insured under the National Agricultural Insurance Scheme
- For Borrower: Borrowers to be covered by Personal Accident Insurance Coverage up to Rs.50, 000/-. (Premium amount to be shared by the borrower and bank in 1: 2 ratio).
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