KCC from SBBJ

Hi I would like to have the details about the Kisan Credit Card as well as the features & facilities available with the card?

State Bank of Bikaner and Jaipur offers different horticulture based items for agriculturists in Rajasthan furthermore the nation over. Perceiving the significance of helping the group create by advancing horticulture, State Bank of Bikaner and Jaipur gives financing to different rural exercises, development work, manor work, provincial lodging, and so forth. The Kisan Credit Card conspire offers amazing fleeting credit arrangements and other financing alternatives for associated agrarian exercises, utilization needs, and so forth., utilizing a straightforward application methodology.

Components and Benefits of a SBBJ Kisan Credit Card:

Cash Credit:

The total money credit necessity for yield creation for a whole year will be financed by State Bank of Bikaner and Jaipur. Credit will likewise be given for other extra necessities like farming hardware support and usage, diesel charges, power bills, startling costs in connection to yield preparations. As far as possible for these prerequisite is up to 20% with no most extreme breaking point. The money credit office will likewise cover costs like birth, restorative funerals, religious services, marriage, youngsters' instruction, permitting an utilization farthest point of 25%.

Term Credit:

State Bank of Bikaner and Jaipur will authorize term credits for united horticultural exercises like advancement of land, trickle water system, ranch, establishment of pump sets, sheep reproducing, dairy cultivating, honey bee keeping, fisheries, and so forth.

Maximum Limit:

The most extreme term credit and money credit confine that State Bank of Bikaner and Jaipur will authorize depends on the reimbursement ability of the borrower, his current liabilities and anticipated net income from creation.

Credit Margin:

There is no advance edge prerequisite for the money credit authorized by State Bank of Bikaner and Jaipur. For term credits taken for up to Rs.1, 00,000, no advance edge is required. A credit edge of 15% to 25% advance edge is required for term advances above Rs.1, 00,000, in light of the monetary circumstance of the rancher.

Security:

Hypothecation of mobile resources and products is required for advances taken up to a measure of Rs.1, 00,000. Credit sums above Rs.1, 00,000, require essential security as Hypothecation of versatile resources and yields alongside guarantee security. The guarantee security ought to be given as land home loan or as charge over terrains.

Interest Rates for working capital / crop loans:

For product advances taken for up to Rs. 3, 00,000, the loan fee charged by State Bank of Bikaner and Jaipur is 7% for each annum. Edit credits taken for a sum above Rs. 3, 00,000, State Bank of Bikaner and Jaipur charges a financing cost according to the pertinent rate for the sum. The financing costs charged for term advances is according to the FICO score given in the agrarian division and as far as possible.

Reimbursement:

Working credit and harvest advances taken for yield development and unified horticultural exercises must be reimbursed as rotating money credit inside a time of twelve months. Term credits taken from State Bank of Bikaner and Jaipur must be reimbursed inside five years, in view of the reimbursement capacity of the rancher and the agrarian action or speculation sort.

Legitimacy:

The Kisan Credit Card is legitimate for a time of five years.

Facilities accessible with the card:

Fleeting advances and working capital credit must be given however one Kisan charge card record to clients. Each KCC record will accompany a passbook which will convey three areas for monitoring the credit exercises. The areas will be for fleeting credit and products advances, working capital credit for associated farming exercises and for term advances.

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Answered By StudyChaCha Member