KVB KCC (Animal Husbandry & Fisheries)
KVB KCC (Animal Husbandry & Fisheries) is a working capital limit that aims to provide timely credit to meet out the short term credit requirements for rearing of Dairy, Poultry, Fisheries and aquaculture, Piggery and other ruminants.
Features and Benefits
- Individual/Joint owners; Tenant Farmer; Oral Lessees; Share Croppers; Self Help Groups (SHG); Joint Liability Group (JLG); Proprietorship concern of Farmers are eligible to avail this loan
- For woman Borrowers concession in ROI of 0.10% is applicable.
- On stop solution for all your working capital needs for rearing of Dairy, Poultry, Fisheries and aquaculture, Piggery and other ruminants.
- Attractive of Interest rate and low service charges.
Security and Repayment tenor
| Primary Security | Hypothecation of entire current asset |
| Collateral Security | Collateral security to the tune of 150% (Agricultural/Urban property) for loans above Rs.1.60 lakhs |
| Repayment Period/Tenor | 6 to 12 months - EMI/NEMI excluding Holiday/Moratorium period |
| Limit | Maximum amount - Rs.500.00 Lakh |
Rate of Interest
| Facility Name | Rate of Interest |
|---|---|
| Upto Rs. 3.00 Lakh | One year MCLR + 0.35% i.e.,10.45% |
| Rs. 3.00 Lakh to Rs. 10 Lakh | One year MCLR + 1.35% i.e., 11.45% |
| Rs. 10.00 Lakh to Rs. 25 Lakh | One year MCLR + 2.35% i.e., 12.45% |
| Above Rs. 25.00 Lakh | One year MCLR i.e., 10.10% |
