Applicability

• Existing KCC Borrowers

Eligibility

• All existing KCC accounts should be in “Standard” category but not in SMA 1 / SMA 2 at the time of sanction

Purpose

• To meet the temporary liquidity mismatch due to outbreak of COVID-19 disease.

Loan Amount

• 10% of existing KCC limits subject to a minimum limit of Rs.5000/- and maximum limit of Rs.1.00 lakh. If higher limits are required based on higher acreage then it may be taken up with ZO.

Rate of Interest

• MCLR 1 Year   (Floating)

Period

• 6 Half Yearly Installments

Security

• Existing Primary, Collateral Security and personal guarantees to be extended for this facility

Processing Charges & other charges

• NIL

Validity

• Scheme is valid upto 30.09.2020.

Other details