Odisha Gramya Bank Kisan Credit Card

1. Margin – For a credit of up to Rs.1, 00, 000, there is no margin. For a credit of more than Rs.1,00,000, the margin ranges from 15 percent to 20 percent.
2. Security – Primary security is the hypothecation of the assets and crops that are created using the loan money. The mortgage charge of the bank on immovable property that is supposed to be developed or upgraded using the loan money has to be created.
3. Collateral Security – If farmers take a loan that exceeds Rs.1, 00, 000, they have to provide a collateral security. This security can be an immovable property or any other approved security which is to be valued at hundred percent of the loan.
4. Processing Fees – For a loan amount of up to Rs.3, 00, 000 through Odisha Gramya Bank Kisan Credit Card, the bank does not charge any processing fee. For a loan amount of more than Rs.3, 00, 000, the bank charges 1 percent of the loan amount as processing fee.
5. Repayment – The Kisan Credit Card offered by Odisha Gramya Bank is valid for a period of 5 years and is subject to renewal at yearly intervals.
6. Amount of Loan – The amount of loan is dependent on the finance scale.

Odisha Gramya Bank Kisan Credit Card Eligibility Criteria:

1. Farmers who are owner cultivators are eligible to apply for this card.
2. Oral lessees, tenant farmers and sharecroppers are eligible to apply for this card.
3. Joint Liability Groups (JLGs) and Self Help Groups (SHGs) of farmers including sharecroppers, tenant farmers are eligible to apply for this credit card.

Other Agricultural Products / Schemes offered by Odisha Gramya Bank:

Odisha Gramya Bank offers various other agriculture products or schemes besides the Kisan Credit Card, some of them are –

1. Self Help Group Finance
2. JNNSM Finance
3. Dairy Entrepreneurship
4. NRLM Finance

How can a farmer apply for an Odisha Gramya Bank Kisan Credit Card?

A farmer can apply for an Odisha Gramya Bank Kisan Credit Card by following the steps mentioned below –

1. Visit Odisha Gramya Bank website
2. Locate ‘Downloads’ on the menu bar on the homepage of the website
3. Click on ‘Forms Download’ from the drop down menu of the ‘Downloads’ section
4. Download the application form for Kisan Credit Card, fill it and submit to the bank

Farmers can also apply for the credit card by visiting any branch of the bank.

Credit cards make payments easy for all expenses online and offline while offering various benefits

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