Bangiya Gramin Vikash Bank has introduced the Bangiya Kisan Credit Card to provide financial assistance to farmers for agricultural activities. This credit card offers short term credit/crop loans, term credit, and capital credit for agriculture and related activities.
The features and benefits of the Bangiya Kisan Credit Card are as follows:
Farmers should satisfy the following conditions to apply for a Bangiya Kisan Credit Card:
The following documents are required for a Bangiya Kisan Credit Card:
The validity of the Bangiya Kisan Credit Card is 5 – 7 years depending on the annual review.
Yes, JLGs can apply for the Bangiya Kisan Credit Card.
In the event of death, permanent complete disability, or loss of two limbs/two eyes, Rs.50,000 will be offered.
The interest rate is 7% for short term production credit up to Rs.3 lakh per person. However, for farmers who repay the loan amount within 12 months, an interest rate of 4% will be offered.
The minimum and maximum credit limits for working capital are Rs.10,000 and Rs.3 lakh, respectively.
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