Naini Kisan Credit Card Scheme

Purpose

To meet out short term credit requirement for cultivation of crops.

Eligibility:

All Farmers either individual or joint borrower, Tenant Farmers, Oral Lessees, Share Croppers, SHGs of Joint Liability Groups of farmers, share croppers etc.

Maximum Amount of Finance :

As per scale of finance decided by DLTC.

Margin :

Nil.

Features :

Interest subvention of 2.00% p.a. & additional interest subvention of 3.00% p.a. to those farmers repaying the short term crop limit timely i.e. from the date of disbursement of the working capital loan upto the actual date of repayment/subject to a maximum period of one year from the date of disbursement. (Depending upon branch categorization & subject to GOI directives)