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Kisan Credit Card (KCC) – Animal Husbandry and Fisheries

Purpose / Objective

To meet the short term credit requirement of rearing of animals, Birds, and fisheries etc.

Eligibility

Farmers individual or joint Liability Groups or Self Help Groups including tenant farmers engaged in Dairy, Poultry, Inland Fisheries and Aquaculture, Marine Fisheries are eligible for availing loan under this scheme.

Quantum of finance / Assessment

The quantum of finance is based on Scale of finance fixed by the District Level Technical Committee (DLTC).

Rate of Interest

Amount Slab (Rs. in Lakhs)	Interest Rate
Upto 2.00 Lakhs	7% (Wherever Interest Subvention is available)
Upto Rs 3.00 lakhs	1 Yr MCLR*+2.50%
>3.00 Lakhs	Please refer the Lending Rates link on home page in our Bank`s Website – www.indianbank.in

Repayment

The Loan will be in the nature of Revolving Cash Credit limit. Repayment fixed as per cash flow/ income generation pattern of the activity undertaken by the borrower. The entire cash generated to be routed through Cash Credit account only.

Security

Upto Rs.1.60 Lakh: NIL (Hypothecation of crops only), No collateral.
For limits above Rs.1.60Lakhs : Hypothecation of assets / stocks + Pledge of Jewels or Deposit receipts / LIC/ NSC assignments/ or Collateral security by way of MOD / Charge creation