Farm Credit – Renewable Energy

KVB –Farm credit – Renewable energy provides timely credit to farmers for purchase and installation of solar pumps/Solar lamps/Solar fencing etc… in the farm.

Features and Benefits
  • Individual farmers, group of individuals, SHGs, JLG, owning a minimum of 2 acres of land with existing well are eligible to avail this loan
  • Central and State government subsidies are eligible wherever applicable as per subsidy eligibility guidelines.
  • The scheme will be supplementary in nature and all existing KCC Green card holders can also avail KVB – Farm credit – Renewable energy limit subject to fulfillment of all terms and conditions.
Security and Repayment tenor
Primary Security Hypothecation of assets created out of bank finance
Collateral Security 100% Collateral (Agri /urban property/100% FD/Gold ornaments*) for the loans of above 1.60 lakhs.
Repayment Period/Tenor 60 to 84 months - EMI/NEMI excluding Holiday/Moratorium period
Holiday/ Moratorium Period Maximum of 3 months
Limit and charges
Limit Minimum amount - Rs.1.00 lakh
Maximum amount - Rs.100.00 Lakh
Processing fee 1% (0.50% - If collateral given is 100% FD/Gold ornaments).
Jewel appraiser charges will be same as gold loan if applicable
Rate of Interest 1 Year MCLR +0.85
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