Beti Bachao Beti Padhao

Mahabank Kisan Tatkal Scheme

 

Mahabank Kisan Tatkal Scheme

Facility

Agri Term Loan (ATL)

Purpose

For instant credit for farming community to meet emergency  requirements

Eligibility

Individual Farmers / Joint borrowers (not exceeding 4 farmers) who are existing KCC holders having satisfactory track record of at least 2 years

Amount

Minimum- Rs 5000/-

Maximum- Rs 50000/-

(Subject to ceiling at 50% of KCC limit / 25% of annual income)

Margin

NIL

Rate of Interest

Aggregate Exposure

Up to Rs.10.00 lakh     : 1 Year MCLR + BSS@0.50% + 2.00%

Above Rs.10.00 lakh    : 1 Year MCLR +BSS@0.50%+ 3.00%

Security

Existing Security obtained for KCC to be continued.

Repayment

3 years in half yearly / yearly installments coinciding with harvest of    the crop

Other terms & conditions

The loan is to be cleared in full if a fresh/ enhanced limit is sought in the subsequent year based on revised KCC limit.

Paper requirement

  Loan application

  • All 7/12, 8 A, 6 D extracts, Boundaries of the applicant
  • No dues certificates of the applicant from surrounding financial institutions including PACS
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