Ing Vysya Rural Banking

Can you tell me in detail about the Agriculture and Rural Banking in terms of products and services offered by Ing Vysya (now Kotak Mahindra) in India?

[Pathak]

Agriculture and Rural Banking deals with all business related to agriculture and allied activities, Gold Loans, loans to SHGs and lending to government-sponsored schemes.

Working Capital and Agriculture Term Loans for poultry, dairy, cold storage units etc. are also being offered to cater diverse needs of the farming community.

It has accelerated retail agricultural lending at a few places in North India and Central India especially in Rajasthan, Uttarakhand, Maharashtra, Gujarat and Madhya Pradesh.

Reaching out to the hinterlands of India, it has redefined Rural Banking in terms of products and services:

Kisan Credit Card –
A card cum pass book to help you meet the long and short term credit requirements

Tractor Loan –
Loans available for purchase of tractors and other farm equipments

Term Loans –
With easy documentation and speedy approvals, getting a loan couldn’t get any easier.

Kisan Credit Card (KCC)

ING (now Kotak) presents Kisan Credit Cards

• To meet the short term credit requirements for cultivation of crops
• Post Harvest Expenses
• Consumption requirement of farmer household
• Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
• Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.

Loans available for tractor and other farm equipments
• Ease of documentation
• Faster turnaround time
• Hassle free transaction
• Attractive rates of interest

Term loans and other facilities available for the following activities:
• Dairy farming
• Poultry
• Fisheries
• Cold storage
• Dealers of Agri Inputs
• Construction of warehouse
• Horticulture etc.