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Punjab and Sind Bank provides farmers with financial assistance in the form of a Kisan Credit Card. The card is meant to help meet short term credit requirements, postharvest expenditure, household consumption and investment needs. Credit limits are granted based on the cropping patterns, land holdings, and contingency needs of the farmers.
With the Kisan Credit Card, farmers receive financial assistance to carry out their agricultural and related activities.
The loan is granted for a variety of purposes that include crop cultivation and maintenance, marketing of the produce, expenses incurred in the household and after harvest, maintenance of farm assets and related activities. The loan can also be used for the purpose of investment in pumpsets, sprayers and dairy animals.
The repayment schedule under this scheme is generally 5 years. Farmers can pay back the amount in half-yearly or yearly instalments.
This scheme is offered at very attractive rates of interest. Furthermore, subsidies are offered to farmers who maintain their repayment schedule well.
The Punjab and Sind Bank Kisan Credit Card Kisan Credit Card is issued for the following agricultural purposes.
The Punjab and Sind Bank Kisan Credit Card is available to all farmers. The following is the eligibility criteria for the Punjab and Sind Bank Kisan Credit Card.
To apply for a Punjab and Sind Kisan Credit Card, you can approach any of the bank branches for more information. You can download the application form from the Punjab and Sind Bank website.
There is no maximum loan amount fixed. The credit limit granted is based on the annual cropping pattern, land holdings, and the ancillary and contingency needs on a case to case basis.
The limit is also calculated separately for irrigated and no irrigated land.
For farmers cultivating more than one crop in the year, the credit limit is determined based on the crops cultivated as per the cropping pattern that has been proposed.
Yes, you can avail of a Kisan Credit Card even if you do not hold the land. Tenant Farmers, Oral Lessees and Share Croppers, SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers are eligible to apply for this scheme. This scheme is also available for non-farm sector and activities related to agriculture.
Yes, transaction charges apply when you use your Kisan Credit Card or make withdrawals.
Punjab and Sind Bank Kisan Credit Card are exempt from annual fees.