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Old November 21st, 2017, 10:28 AM
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Join Date: May 2011
Default Re: Kisan Credit Card Corporation Bank

Corporation Bank offers Corp Kisan Credit Card Scheme (CCCK) To meet the financial requirements of the farmer for Working capital requirement for agriculture and allied activities.

Corp Kisan Credit Card Scheme (CCCK)

Purpose


To meet the financial requirements of the farmer for:

Working capital requirement for agriculture and allied activities.

Post harvest expenses

Consumption requirement of the farmer

Investment credit requirement for agri. And allied activities

Loan Amount-

Short term credit arrived for the first year as per Scale of finance for the crop + 30% of the short term credit limit as contingency limit + 30% of the short term credit limit as consumption limit subject to Max. of Rs.15.00 lakh.

Security-

Hypothecation of crops for card limit up to Rs.1.00 lakh as per extant guidelines of RBI.

with tie up for recovery, loans may be sanctioned on hypothecation of crops for card limit up to Rs.3.00 lakh.

Collateral security may be obtained at the discretion of the Bank for limits above Rs.1.00 lakh in case of non tie – up and above Rs.3.00 lakh in case of tie up loans.

Repayment

The card is valid for 05 years.

Short term component of KCC limit is in the nature of revolving Cash Credit limit facility subject to annual review/renewal. The repayment period may be fixed as per the anticipated harvesting and marketing period for the crops for which the loan has been granted.

Term loan component will be normally repayable in 05 years depending on the activity.

Contact-

Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2861888
Fax: 91-824-2440964
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