Union Bank of India KCC

Can any one provide information about Kisan Credit Card offering by Union Bank of India? What is eligibility required to get Kisan Credit Card from this Bank?

[Shaleen]

The Kisan Credit Card is offering by Union Bank of India for following objectives:

Short Term Credit Requirements for Cultivation of Crops
Post Harvest Expenses
Produce Marketing Loan
Consumption Requirements of Farmer Household
Investment credit requirement for agriculture and allied activities like pumpsets, sprayers, dairy animals etc.
Working Capital for Maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.

Eligibility:
All Farmers – Individuals / Joint borrowers who are owner cultivators
SHGs /JLGs of Farmers including tenant farmers, share croppers etc.
Tenant Farmers, Oral Lessees & Share Croppers

Rate of interest:
ROI will be linked to Base rate.

Limit: Rs.10,000 to Rs.50,000

Margin:
For crop loans, no separate margin. For term loan component, margin will be:
Upto Rs 1.00 lac - NIL
Above Rs 1.00 lac - 15%

Security:
Up to Rs.1.00 lac- Hypothecation of crops