KCC State Bank Of India

I don’t know about branches of State Bank Of India that provides Kisan Credit Card (KCC). Please give me names of those branches with their contact numbers. My father wants to purchase some Kisan Credit Cards (KCC) of worth Rs. 5000/-. So please give application form to get it.

Hi buddy here I have come to collect info related to State Bank Of India KCC (Kisan Credit Card) scheme so will you plz let me know about the same ?

[pawan]

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

As you asking I am telling State Bank Of India KCC (Kisan Credit Card) scheme to farmers to provide them with the required credit for crop production, emergency expenses, allied agricultural activities, etc. The loan is disbursed to farmers using a simple sanction process with easy documentation.

State Bank Of India KCC (Kisan Credit Card) scheme Features

Features and benefits


Get interest at saving bank rate on credit balance in KCC account
Free ATM cum debit card (State Bank Kisan Card) for all KCC borrowers
Interest subvention @2%p.a.is available for loan amount uptoRs. 3 Lacs
Additional interest subvention @3% p.a.for prompt repayments
notified crops / notified areas are covered under crop insurance for all KCC loans

Eligibility :


All farmers individuals/Joint cultivator owners
Tenant farmers, oral lessees and share croppers etc.
SHGs or Joint liability groups including tenant farmers.

Quantum of loan:


Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-harvest expenses and farm maintenance cost
For subsequent 5 year loan will be sanction on the basis of increase in scale of finance

Collateral Security :


Collateral security is waived for KCC limit uptoRs. 1 lac.
SanctionedKCClimit will beconsidered for the purpose of fixingcollateral security requirement

Rate of Interest :


Simple interest @7% p.awill be charged for one year or upto the repayment due date, whichever is earlier.
In case of non-repayment within the due dates interest is applied at card rate
Beyond due date interest will be compounded half yearly

Repayment :


The repayment period may be fixed as per the anticipated harvesting and marketing period for the crops for which a loan has been granted.

Documents required

Duly filled in application form
Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc
Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc

Bank profile
Type Public
Traded as NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded 2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956, nationalization
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Rajnish Kumar (Chairman)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Revenue

210,979 crore (US$31 billion) (2017)
Operating income

50,848 crore (US$7.6 billion) (2017)
Net income 10,484 crore (US$1.6 billion) (2017)
Total assets

3,445,121 crore (US$510 billion) (2017)
Total equity 2.171 trillion (US$32 billion) (2016)
Owner Government of India (61.23%)
Number of employees 278,872 (2017)