Features & Benefits

Federal Kisan Cards are issued to farmers to meet their cultivation needs and non-farm requirements including purchase of inputs and other short term requirements and working capital requirements for allied activities in a flexible and cost effective manner.

 

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To meet the recurring expense for crop raising/conducting seasonal operations.  
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Minimal paperwork 
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Beneficiaries under the scheme will be issued a Federal Rupay Kisan Card and pass book. 
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Hassle free processing
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There is no ceiling on maximum amount.
*Conditions apply

Purpose

Provide adequate and timely credit support for:
1.    To meet the short term credit requirements for cultivation of crops
2.    Post-harvest expenses
3.    Produce marketing loan
4.    Consumption requirements of farmer household
5.    Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
6.    Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.
 

Terms & Conditions

Eligibility

All the farmers who cultivate crops engaged in allied activities like Dairy, Poultry etc and for their composite requirements are eligible for Federal Kisan Credit Card scheme.  Farmers cultivating authorised leased lands are also eligible.

 

Repayment

Loan can be repaid as Lump sum.

 

Card Validity period

The Federal Kisan Card is for a period 60 months  subject to an annual review. The operations in the account shall be through the issuing branch only.

 

Loan Amount

The limit is arrived at based on the operational Land holding, cropping pattern, scale of finance for crops grown, maintenance cost of Farm Animals, Farm machineries, allied activities and other contingent expenses of the applicant after insisting for 15% margin. 

 

Interest Subvention

2% interest subvention (IS) and 3% for prompt repayment incentive (PRI) up to a limit of Rs.3.00 lakhs. Conditions apply*.

 

Primary Security

Hypothecation of crops and other movable assets in the farm.

 

Collateral Security

Equitable Mortgage of land where the loan amount exceeds Rs. 1.60 L
 

Interest Rates & Charges

Explore Other Agri Loans

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