Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Gramin Bank of Aryavart, through its Kisan Credit Card Loan Scheme, aims to provide financial help to the farmers. Using the loan money, farmers can fulfil their agricultural and domestic requirements. Farmers do not have to worry much about the liability of this loan as the rate of interest is low and they get ample time to repay the money back to the bank.
Through this credit card, Gramin Bank of Aryavart aims to provide financial help to farmers who are engaged in agricultural activities as oral lessees or tenant farmers and do not own lands in their names.
Gramin Bank of Aryavart provides short and medium term loans to farmers through this card. As part of this scheme, the bank also provides them with credit for repairing their farm machines and for fulfilling their consumption requirements.
Gramin Bank of Aryavart understands the importance of the agriculture sector in India and thus attempts to provide every kind of support to the people engaged in agricultural activities. The bank provides credit to farmers against warehoused produce so that a good marketing price can be availed during sale time.
The features and benefits of Gramin Bank of Aryavart Kisan Credit Card are as follows –
The features and benefits of Gramin Bank of Aryavart Kisan Credit Card for Tenant Farmers or Oral Lessees or Joint Liability Groups (JLGs) are as follows –
The features and benefits of Gramin Bank of Aryavart Kisan Samadhan Card are as follows –
The features and benefits of this scheme by Gramin Bank of Aryavart are as follows –
Farmers who have a term loan and an agricultural land for the purpose of agriculture and allied activities are eligible to get a short term cash credit limit for the production of crops
A group of five to ten tenant farmers who have been a part of the Self Help Groups for past 3 months and are graded as per the SHG model are eligible to apply for a loan under this scheme
Farmers who have a Kisan Card and also short and medium term loans are eligible to apply for this card, provided that they have a 3 year history of regular and satisfactory repayments
A farmer or a group of farmers who are involved in the production of food grains (which includes fruits) are eligible to take a loan under this scheme, provided that they have a short term loan under the Kisan Credit Card
The rate of interest is 7 percent for a loan amount of up to Rs.3, 00, 000 (wherever the interest subvention of 3 percent is available)
The rate of interest on loans taken under this card ranges from 7 percent to 13.5 percent, depending on the cost of the project
The rate of interest is 13.5 percent per annum for a loan amount of up to Rs.10, 00, 000 and 14.5 percent per annum for a loan amount that exceeds Rs.10, 00, 000
Gramin Bank of Aryavart provides the following agricultural products and schemes, apart from the Kisan Credit Card Scheme –
A farmer can apply for the Gramin Bank of Aryavart Kisan Credit Card Scheme by visiting the bank and filling up the application form.
One can get more information about the Gramin Bank of Aryavart Kisan Credit Card Scheme directly from the bank. He or she can visit the bank’s website or their branch or contact them on their customer care number.
A farmer can repay the money taken on loan through Kisan Credit Card after the harvesting and marketing of the produce is done.
If a farmer takes a loan of Rs.3, 00, 000 from the bank through Kisan Credit Card, his rate of interest will be 7 percent, wherever there is availability of interest subvention.
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