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 LAKSHMI KISAN CREDIT CARD
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Features of Lakshmi Kisan Credit Card
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A unique product specifically for the agriculturist.
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It is a Crop Loan for meeting short term financial requirements
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The limits are revolving and gets replenished on repayment
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Earn Interest on Credit Balances
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Credit facility assured for three years
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Flexible repayment terms
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Avail up to Rs. 10.00 Lacs (conditions apply)
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Cheque facility for limits over Rs. 50,000/-
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Interest Ranges from PLR – 2.5% to PLR -1.0%
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Who is eligible for Lakshmi Kisan Credit Card
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Literate and progressive farmers who have been an accountholder of the Bank for a minimum period of 1 year.
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Cultivating own land/family land with assured irrigation facility by way of canal, tank, open well or bore well
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Age is between 25 and 65 years (both years inclusive)
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Insurance
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For Crops: Certain notified Crops will be insured under the National Agricultural Insurance Scheme
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For Borrower: Borrowers to be covered by Personal Accident Insurance Coverage up to Rs.50, 000/-. (Premium amount to be shared by the borrower and bank in 1: 2 ratio).
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