These are purpose-based loans given at moderate rates under Joint Liability Group (JLG) model. It covers following allied agri activities:
Purpose -based loans given to farmers for an array of agricultural and allied activities. Flexi repayment options are available as per activity cash flow. Following activities are covered under the program:
Ujjivan Bank Kisan Pragati Card is a specially designed loan product for farmers. The facility aims to provide credit to farmers covering their array of credit requirements for cultivation of crops; Pre and Post-harvest expenses, Consumption requirements of farmer household, maintenance of farm assets and activities allied to agriculture and Investment credit requirement for agriculture and allied activities including unforeseen expenses/exigencies.
|Cash Credit (The CC limit will be bifurcated into 2 sub limits – Kharif limit and Rabi Limit)||`50000||`1000000||5 Years (Yearly Renewal)||14%|
|Term Loan_FI/FD||`25000||`1000000||1 Year - 5 Years||16%|
|Term Loan - Kisan Vishesh||`25000||`50000||1 Year||16%|
|Term loan - Kisan Unnati||`50000||`100000||2 Years||16%|
|Overall KPC Limit||`50,000||`1000000|