United Bhumiheen Kisan Credit Card
Objective
The objective of the United Bhumiheen
Kisan Credit Card (UBKCC) is to provide production credit coupled with the provision of
consumption credit and credit for liquidation of loan availed from informal sector and for
meeting genuine need of the farmers who are landless tenant farmers, oral lessees,
bargadars and share croppers for availing working capital assistance for agriculture and
allied activities like dairy, poultry, fishery, piggery, duckery, horticulture, nursery,
ornamental fishery, vegetable orchard and bee-keeping, etc.
Eligibility
1. |
Any individual
belonging to the above category. |
2. |
SHG/Joint
Liability Group of the above category of farmers. |
3. |
Contract farmers
under tie-ups with sugarcane, potato, vegetables, fruits and horticultural crops
processing units and other processing units in allied agricultural activities. |
Limit
a) |
Maximum
Rs.25,000/- for all the above purposes together. |
Out
of the above limit Rs.5000/- may be utilised for investment credit purpose if required by
the borrower. |
b) |
Consumption loan
limit not to exceed Rs.2500/-. |
c) |
Repayment of
loans to informal sector maximum Rs.5000/- on the basis of documentary evidence and
certified by the Panchayet Prodhan. |
d) |
Scale of finance
as fixed by District Level Technical Committee(DLTC) and unit cost fixed by NABARD will be
applicable. |
e) |
For cultivation
of multiple crops different sub-limits to be fixed. |
Issue of cards & operations in the
a/c.
As per existing guidelines under Revised
Kisan Credit Card Scheme of the bank circulated vide H.O. Circular No.
PS.RCPPOD/870/47/OM-560/2005 dated 08.02.2005 and RCPPOD/870/07/OM-249/98 dated
13.11.1998. (Extract of the above 2 Circulars annexed in annexure I & II).
Rate of Interest
Rate of Interest as per H.O. guidelines.
Reduction of 0.25% for satisfactory operation of the account including regular servicing
of interest will be allowed as per existing policy.
Processing Charge : NIL
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