This loan is designed to give agriculturists in rural, semi-urban and urban areas financial aid for working capital and short term credit requirements. To avail of this loan, you have to be the primary land owner. KVB Green Card Loans provide you with short term solutions so that you can ensure the smooth functioning of your daily agricultural activities.
- Available to agriculturists in rural, semi-urban and urban areas.
- Provides assistance to individual farmers who are owners and cultivators of land.
- Serves as working capital and short term credit.
|Charges and Limits|
No maximum or minimum limit
|Margin||No margin up to Rs. 10,000/-
15% for limits above Rs. 10,000/-
|Rate of interest
Up to Rs. 50, 000/-
Above Rs. 50,000/-
|Validity||3 years subject to annual review|
|Security||Up to Rs. 50,000/- - hypothecation of crops and other agricultural implements
Over Rs. 50,000/- - hypothecation of crops and other agriculture implements, mortgage of agriculture lands and Third party guarantee
- No withdrawal from the account should remain outstanding for more than 12 months.
- Withdrawals from the account should be made through cheques accompanied by the card.
- Withdrawals under KVB Green Card are permitted in installments.
- The minimum withdrawal amount should be Rs.1,000/-.
- The entire amount should be availed in 3 or 4 stages.