` Document updated on 05-01-2018

HEAD OFFICE: MANIPAL –576 104, INDIA

PRIORITY SECTOR CREDIT DEPARTMENT

Syndicate Kisan Credit Card (S.K.C.C)

Syndicate Kisan Credit Card is a hassle free single window facility for farmers to
meet their seasonal production credit and other incidental short term credit
requirements for farm and off farm purposes in time. The credit limit extended under
the scheme is valid for 5 years and multiple needs of farmers are met in the features
of the facility listed below:
 
 Short term credit requirements for cultivation of crops.

 Working 
capital requirement for maintenance of farm assets and activities allied to agriculture
like dairy animals, inland fishery etc.,
 
 Post harvest / household / consumption expenses to some extent.

Premium requirements of mandatory Insurance of crops notified by State Govt /
Agriculture Insurance Company of India Ltd and Personal Accident Insurance. 
 Premium for Asset / Health Insurance is included at the option / consent of farmer.

Provision for fixing staggered limits for the entire period of 5 years to take care 
of the
 cost escalation and changes in crops grown / proposed to be grown each year.

Withdrawals by withdrawal slip,Cheque or through Rupay Kisan Card at the discretion /
 option exercised by the farmer.

Operation is flexible as there is absolutely no restriction on number of
withdrawals or credits into the account. Farmers can make withdrawals whenever
 necessary to the extent of their 
seasonal farm income is realized.
need within the limit and repay as and when
 
 No need bring the debit balance in the account to zero at any point of time.

Period for liquidation of each drawal inthe limit is up to 12 months for short duration crops
 and 18 months for long duration crops.

Interest paid on daily product basis for credit balance 
of `500/- or more held continuously in
 the account for 15 days or more at savings bank rate.

Bank is implementing interest subvention scheme of Govt. of India in respect of
short term crop production loan amount up to `3.00 Lakh and the applicable
interest rate is 7% p.a. In addition, an incentive subvention of 3% p.a. is
provided to those farmers who repay their loans in time. Thus, the ultimate
 rate
 works out to 4% p. a. for loans up to `3.00 lakh on prompt repayment.

Personal Accident risk insurance cover available up to `50,000/- for farmers up to
70 years of age with nominal amount of premium. Insurance cover is applicable
only for death
 due to accident and Permanent Total Disability arising out of
accidents.
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