Kisan Mithra Scheme

This is a secured overdraft loan given to agents for onward lending to farmers for crop cultivation.

• Secured overdraft account for agents upto 90% of the balance outstanding by the farmers to the agents
• Overdraft can be taken for crop cultivation and consumption expenses.
• The overdraft limit is given considering the number of farmers within the fold of the agents, the crops cultivated by the farmers and the extent of area cultivated by them

Charges and Limits
Drawing Power	90% of the balance outstanding by the farmers to the agent.
Rate of Interest	CONTACT NEARBY BRANCHES
Processing Charges	CONTACT NEARBY BRANCHES
Repayment	A running secured overdraft account. However, the interest will be charged every month
Validity	The limit is to be renewed every year.
Primary Security	Receivables outstanding in the books of the trader
Collateral Security	Equity mortgage charge on Land & Building
Guarantee	Personal guarantee of the partners Guarantee from the owners of the collateral properties
Drawing Power	The drawing power in the secured overdraft account will be limited to 90% of the loan outstanding in the books of the agent or the limit sanctioned, whichever is less.