Sarva Haryana Gramin Bank came into existence after the amalgamation of Gurgaon Gramin Bank and Haryana Gramin Bank. Sarva Haryana Gramin Bank is committed to providing affordable financial and banking solutions for people in rural areas including farmers and agriculturists. In 2013, the bank was awarded the first position as appreciation to the formation of farmer’s club in a meeting organized by NABARD. The bank has an array of products exclusively for farmers and to cater to agriculture credit requirements including dairy development financing, Kisan Credit Card, farm mechanization financing and rural godown construction.
Sarva Haryana Gramin Bank Kisan Credit Card and Sarva Haryana Gramin Bank Kisan Investment Credit Card Yojana will provide adequate and timely credit to the farmers in a hassle-free manner. The crop loans under Kisan Credit Card come with low interest rates, affordable margin and various other benefits.
The two types of credit products offered under agriculture loan section for farmers are,
The important features of both credit cards are mentioned in the sections given below.
The margin requirements for Sarva Haryana Gramin Bank Kisan Credit Card is as given below.
|Loan Amount||Margin %|
|Up to Rs. 1 lakh||Nil|
|Above Rs. 1 lakh to Rs. 2 lakhs||5|
|Above Rs. 2 lakh to Rs. 5 lakhs||10|
|Above Rs. 5 lakhs||25|
The following features and benefits come with Sarva Haryana Gramin Bank Kisan Credit Card.
Through this credit card, Sarva Haryana Gramin Bank aims to provide hassle free production credit to agriculturists for meeting the cultivation cost and also to maintain long term plantation and horticultural crops.
The loan aims to satisfy the financial requirements for the following.
Farmers can avail considerable amount as loan with Sarva Haryana Gramin Bank Kisan Credit Card. The following points are to be noted about the quantum of loan.
For production credit availed using Sarva Haryana Gramin Bank Kisan Credit Card, the margin is Nil. For term loans, the margin percentage varies from 5% to 25% depending on the loan quantum and there is no margin for term loan amounts up to Rs. 1 lakh.
The main highlights of Sarva Haryana Gramin Bank Kisan Investment Credit Card (KICC) Yojana are as follows.
The loan availed using KICC can be used for the following purposes.
The quantum of loan is decided based on the property value offered as security and annual income of the farmers. However, the maximum permissible loan limit is Rs. 20 lakhs.
The security requirements for KICC loan is as follows.
Some of the important features to be noted about repayment tenure are as follows.
The eligibility criteria for both the Kisan credit card schemes offered by Sarva Haryana Gramin Bank is as follows.
Sarva Haryana Gramin Bank Kisan Credit Card:
Sarva Haryana Gramin Bank Kisan Investment Credit Card Yojana:
The applicant must submit the following documents to complete the application process for Sarva Haryana Gramin Bank Kisan Investment Credit Card Yojana and Sarva Haryana Gramin Bank Kisan Credit Card Scheme.
All the documents given above must be submitted along with completely filled application form and passport size photographs. Applicants must keep documents like PAN card, Aadhaar card and voter ID handy to speed up the application process.
This condition is relaxed in cases where the limit has been stretched for cultivation of long duration crops like sugarcane or for agricultural activities where returns are expected after one year or so. But in any case, no balance should remain outstanding for a period of more than 18 months,
The following security is prescribed for Sarva Haryana Gramin Bank Kisan Credit Card loan.
Sarva Haryana Gramin Bank Kisan Credit Card is valid for a period of 5 years after which it can be renewed which is at the discretion of bank.
The maximum loan amount offered under Sarva Haryana Gramin Bank Kisan Investment Credit Card Yojana is Rs. 20 lakhs.
The loan amount is based on a variety of factors including value of property offered as security and annual income of the borrowers.