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    Corporation Bank Kisan Credit Card is Rated as "Excellent!" by 12 Users

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    Corporation Bank Kisan Credit Card Overview:

    The Corporation Bank offers the Kisan Credit Card to farmers to meet their credit needs such as the farmer’s consumption requirements, Working Capital required for agricultural and allied activities, investment credit requirement for agriculture and other allied activities and also to meet post-harvest expenses.

    Features and Benefits of Corporation Bank Kisan Credit Card:

    Loan Amount:

    The maximum loan amount that is offered to an eligible applicant is calculated as follows:

    Short term credit that is derived on the 1st year as determined by the crop’s scale of finance plus a contingency limit which is 30% of the short term credit limit plus a consumption limit which is 30% of the short term credit limit (with a maximum cap of Rs.15.00 lakh).

    Security:

    The security that has to be pledged with the Bank are as follows:

    • For a credit limit up to Rs.1 lakh, the hypothecation of crops as security is to be done as per the guidelines set by Reserve Bank of India.
    • The loans sanctioned against a credit card limit of not more than Rs. 3,00,000 with the hypothecation of crops, and a tie up for recovery.
    • If the credit limit is above Rs. 1,00,000 with no ties for recovery, then the applicant has to pledge a collateral security as specified by the Bank.
    • If the credit limit is more than Rs. 3,00,000 with tie up loans, then the applicant has to pledge a collateral security as specified by the Bank.

    Repayment:

    The Corporation Bank Kisan Credit Card has a validity period of not more than 5 years. The Bank will conduct an annual review of cash credit available to the credit card holders and renew the validity of the card. Repayment has to be made considering the time taken for the harvesting and selling the crops which have been cultivated with the aid of this loan. Depending on this activity, the loan available against the Corporation Bank Kisan Credit Card should be repaid within 5 years.

    Other Agricultural Banking products offered by Corporation Bank:

    • Corp Kisan Vehicle Loan Yojana [CKVLY]
    • Corp Kisan Farm Mechanization Scheme
    • Corp Kisan Credit Card Scheme
    • Corp Kisan Loan Scheme
    • Scheme for Reimbursement of Development Expenditure
    • Scheme for Financing Farmers
    • Agriculture Loan
    • Various Interest Subvention Schemes for Educational Loan Beneficiaries
    • Scheme for Financing Farmers for Purchase of Agricultural Land
    • CGBY
    • Scheme for Financing Cold Storage Unit
    • Scheme for Financing Agriclinics and Agribusiness Centers
    • Corp Agricultural Produce Loan (CAPL)
    • Agricultural Debt Waiver & Debt Relief Scheme
    • Interest subvention scheme for Short Term crop loans

    Corporation Bank Kisan Credit Card FAQs:

    1. What is the validity period for this credit card?

      The Corporation Bank Kisan Credit Card has a validity period of not more than 5 years.

    2. When should I repay the loan taken against this credit card?

      The Bank will conduct an annual review of cash credit available to the credit card holders and renew the validity of the card. Repayment has to be made considering the time taken for the harvesting and selling the crops which have been cultivated with the aid of this loan. Depending on this activity, the loan available against the Corporation Bank Kisan Credit Card should be repaid within 5 years.

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