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  • Notice for shareholders new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • Bank has opens its 141st Branch at Canal Road, Dehradun .new

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
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Home > Rural / Agricultural Banking > Loan > Short Term Crop Loan
Short Term Crop Loan
Short Term Crop Loan :

The interest Subvention @ 2% p.a. will be available to Banks on loans for meeting short term credit requirement (subject to maximum period of one year) for cultivation of crops and Post harvest expenses only, up to Rs. 3.00 lakh per farmer provided the lending institution make available short term credit at the ground level at 7% per annum to farmers.

The eligible categories of farmers for claiming interest subvention:

Naini Kisan Credit Card (NKCC) Scheme :

For providing interest subvention to eligible farmers under Bank's Naini Kisan Credit Card (NKCC) schemes, one separate account to be opened under the Short Term Crop Loans-lnterest Subvention with ROI @ 7% p.a. for a maximum period of one year for cultivation of crops and/or Post harvest expenses only maximum up to Rs. 3.00 lakh per farmer out of the total calculated limit as per the scale of finance as prescribed by DLTG of respective.

Naini Bank Kisan Gold Card (NBKGC) Scheme :

lt is an agriculture credit Scheme for providing production and investment credit to farmers based on land holdings and income criteria. Maximum amount for interest subvention will be eligible as per the scale of finance as NKCC scheme above. interest subvention will be available only on the amount which qualifies under NKCC scheme (as per the scale of finance prescribed by DLTC). One separate account should be opened under the (Short Term Crop Loans-lnterest Subvention) with ROI @ 7% p.a. for a maximum period of one year for cultivation of crops and/or Post harvest expenses only maximum up to Rs. 3.00 lakh per farmer. The total loan amount of both the accounts should not exceed the maximum eligible limit as per the scale of finance prescribed under NBKGC scheme.

If the Short Term Crop Loans eligible for interest subvention are not repaid on or before the due date fixed by the bank or within a maximum period of one year, whichever is earlier, then the normal interest rate as applicable for the particular Crop Loan/ scheme will be charged.

Since on default of repayment of Short Term Crop Loan on due date or within one year of withdrawal/disbursement, whichever is earlier, normal rate of interest has to be charged