Union Bank Of India Green Card

Hi… I want to know about the policy Union green card which was made by Union Bank for the welfare of farmers kindly tell me all about this???

[Kiran Chandar]

As you want to know about the Union Green Card so I want to tell you about this card.

1. This card is issued for the help of farmers provided to meet working capital requirements of farmers for cultivation of crops.

2. Under this loan, investment credits like minor irrigation, farm mechanization, etc. and related activities to agriculture are provided. Besides, to meet other consumption needs such as education, consumable items, medical expenses, etc. up to 25% of the limit are available at or Rs.50, 000/-, whichever is lower.

3. Eligibility: All the farmers who cultivated crops and not a defaulter in any credit giving institution are eligible for the loan.

4. The repayment of loan can be done in 12 months for normal crop and for the long term crop like Sugarcane, Banana, and etc. the loan should be repayable in 18 months.

5. This policy also provides insurance because all eligible crops will be covered under National Agricultural Insurance Scheme [Rashtriya Krishi Bima Yojana].

For more details contact to the given numbers of the bank
Numbers:

All-India Toll Free number
1800 22 22 44
1800 208 2244
All-India Toll Free number for PMJDY Scheme
1800 22 22 43

I want to get information about the Union Green Card feature as well as I need Application cum undertaking for “Union Green Card”. So here can you provide me information about it?

[sumit]

If you want to know about the Union Green Card feature, then here I am telling you about it as you want.


UNION GREEN CARD
Union Green Card is provided to meet working capital requirements of farmers for cultivation of crops


Quantum of loan:-


a) Up to 1 acre --- Rs.20,000/-

b) Above 1 acre and up to 3 acres --- Rs.75,000/-

c) Above 3 acres and up to 6 acres --- Rs.2.00 lacs

d) Above 6 acres and up to 8 acres --- Rs.3.00 lacs

e) Above 8 acres --- Rs.3 to Rs.5 lacs


Margin, I.E. YOUR SHARE:-

Up to Rs.1,00,000/- - Nil.

Above Rs.1,00,000/- - 10% to 15%.


Application cum undertaking for “Union Green Card”

Here I am telling you about the some point which include in Application cum undertaking for “Union Green Card”

(i) The care will be utilized in genuineness of demand for agriculture purposes only.

(ii) At no point of time the cash amount availed will exceed Rs.25,000/- (Rupees Twenty Five Thousand).

(iii) I undertake to produce purchase receipt of details of expenditure within 15 days from the date of availment of loan under the scheme.

(iv) The loan availed against this card will be repaid without fail within twelve months or harvesting/marketing of produce whichever is earlier.

(v) I accept that Union Bank of India reserves the right to reject this application without assigning any reason and can invalidate the card at any moment of time.

(vi) Bank is authorized to debit my Savings/CD/Term Deposit account if any for liquidation of loan outstanding under this Scheme.

(vii) I agree to abide by the rules and regulations of the Scheme.


Application cum undertaking for “Union Green Card”

Hello sir ! would you please provide me information regarding to union bank of India ’s green card ?

[Shaleen]

Hello buddy as you want here we provide you information about union bank
of India ’s green card as follows

Union Green Card is provided to meet working capital requirements of
farmers for cultivation of crops. Under this loan, investment credits like
minor irrigation, farm mechanization, etc.

Eligibility:-

All farmers are eligible to avail loans under conventional/cash credit crop
loan scheme and/or other agricultural activities including allied activities.

Farmers, who are not defaulter in any credit institution.

Progressive, literate and illiterate farmers who are owners, cultivators,
tenants, lessee farmers with recorded occupancy rights or farmers

UGC can also be taken against some liquid securities like gold
jewellery/NSC/FDRs/KVPs, etc.

Repayment:-

Maximum repayment period of up to 12 months for normal crops and 18
months for long duration crops

Security:-

Up to Rs.1,00,000/- -- Only hypothecation of assets/crops be taken.

Above Rs.1,00,000/- -- Mortgage of land and/or third party guarantee be
taken in addition to hypothecation of assets/crops. Value of land should not
be less than the amount of the loan.

Insurance:-

All eligible crops will be covered under National Agricultural Insurance
Scheme [Rashtriya Krishi Bima Yojana].

Quantum of loan:-

Maximum of Rs 25,000/- including 10% contingency limit per borrower.

In case of group/JLG/SHG the quantum will be decided on the size of group.