Micro Credit and Self Help Group
1. KCC (Kishan Credit Card):
To provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses)
Eligibility:Agricultural borrowers having good track record for the last 2 years (i.e., Maintaining standard loan accounts).
Loan amount: Loan amount is based on operational land holdings, cropping pattern and ancillary and contingency needs of the farmers for the full year. 100% of the cultivation cost available as loan upto Rs 50000/ and 85 % of the cost as loan above Rs 50000/.
Security:
Loan amount
upto Rs. 50,000/- – Hypothetication of crops
Above Rs. 50,000/- to 1,00,000/- – i) Hypothetication of crops,ii) Mortgage of
land or third party guarantee*
Above Rs 1,00,000/- – i) Hypothetication of crops,ii) Mortgage of cash
*For loans upto Rs 1 lac to farmers having legal ownership of agricultural lands with good track record for last 2 years, no collateral is required
Repayment:
It is a revolving cash credit limit with any number of withdrawals and repayments and Limit is valid for 3 years.
9.1.2. GCC (General Credit Card) for general purpose: The scheme is to provide hassle-free credit to our customers based on the assessment of cash flow without insistence on security purpose or end-use of the credit.
Eligibility
- All existing customers with the branch having satisfactorily conducted deposit accounts (say, for the last 6 months)
- GCC facility will, however, not be extended to the KCC borrowers. Loan amount: Maximum Rs 25000
Security: Nil
Repayment:
Account will be in the nature of cash credit. The outstanding amount in the GCC should be cleared in full when the applicant is fluid with cash which may be at yearly/ half yearly / quarterly / monthly intervals based on the occupation of
the applicant / his family. In case the entire amount is not repaid a minimum of 20 % of the amount due along with upto date interest debited should at least be repaid.
2. Finance available for Joint Liability Group (JLG) of tenant farmers
Purpose:To provide credit to tenant farmers cultivating land either as oral lessees or sharecroppers and small farmers, who do not have proper title to their landholding, through financing of JLG. Finance is provided to the members
of the JLGs to meet the credit requirements including crop production, consumption, marketing, and other productive purposes. Constituting the JLG
Members should be of similar socio-economic status and background carrying out farming activities and who agree to function as a joint liability group.
The group members should not be a defaulter to any other financial institution.
JLGs should not be formed with members of the same family and more than one person from the same family should not be included in the JLG.
The group should be formed preferably with 4 to 10 members to enable group members to offer mutual guarantee
JLG Models
Model A: The group members are eligible for individual loans on executing an inter-se guarantee agreement.
Model B: The group is eligible for getting one loan, which could be combined credit requirements of all its members.
Loan amount: Maximum of Rs 50000/ per individual, under both models.
Security:Only mutual guarantee of the members.
Repayment: Repayment depends on the purpose for which the loan is availed.
3. List of banks supporting agricultural loans
| Sl. No. | Name of the bank | Branch code |
|---|---|---|
| 1. | State Bank of India, Adokgiri SAB | 9819 |
| 2 | State Bank of India, Bajengdoba ADB | 6840 |
| 3 | State Bank of India,Dainadubi | 8738 |
| 4 | State Bank of India,Kharkutta | 7977 |
| 5 | State Bank of India, Mangsang |
9989 |
| 6 | State Bank of India, Mendal SAB |
9815 |
| 7 | State Bank of India, Nangwalbibra |
6360 |
| 8 | State Bank of India, Resubelpara |
6374 |
| 9 | State Bank of India, Rongjeng |
5841 |
| 10 | State Bank of India, Wiliamnagar |
4822 |
| 11 | State Bank of India, Regional Business Office, Tura |
9155 |
Source: www.onlinesbi.co.in