Green Card/Green Card Plus (Kisan Card)
This loan is designed to give agriculturists in rural, semi-urban and urban areas financial aid for working capital and 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 and also term loan requirements.
- 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 /long term credit
|Charges and Limits|
No maximum or minimum limit
|Margin||FOR LIMIT UPTO RS 3.00 LACS - NO MARGIN
15%-25% MARGIN FOR LIMITS ABOVE RS 3.00 LACS
15% for limits above Rs. 10,000/-
|Rate of interest
Up to Rs. 50, 000/-
Above Rs. 50,000/-
|CONTACT NEARBY BRANCHES|
|Validity||5 YEARS SUBJECT TO ANNUAL REVIEW|
|Security||Up to Rs. 2,50,000/- - hypothecation of crops and other agricultural implements
Over Rs. 2,50,000/- - 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 can be made through cheque/ATM.
- WFor the credit balance maintained in the green card applicable Saving Bank interest rate will be given.