Baroda Kisan Credit CardHome

Baroda Kisan Credit Card (BKCC) aims at providing adequate and timely credit for the comprehensive credit requirements of farmers under single window with flexible and simplified procedure adopting wholesome approach.

Eligibility

All agriculturists with good track record of repayment who are eligible for sanction of credit limit of Rs 1000/- and above irrespective of their period of dealing with our branch or fresh applicant having good reputation/ report.

Literate and illiterate farmers who are owner of land, cultivators and permanent tenants or leaseholders, share croppers cultivating crop for a period not less than 5 years are eligible for their production credit requirement.

Coverage of Activities

The mode of finance covers activities for purchase of agricultural inputs required for production of crop, farm produce marketing loan farm maintenance, consumption needs, allied activities, non- farm sector activities, personal loans, loans for redemption of debt availed from non- institutional lenders etc. and also Investment credit for land based and non land based activities.

Quantum of finance

The quantum of finance will be assessed based on scale of finance projected average farm income, repaying capacity and / or value of security

Line of Credit under BKCC

The Farmers are sanctioned BKCC Limit considering the increase in Scale of Finance during next -5- years as line of credit. The farmers can avail the loan based on increased Scale of Finance without execution of Fresh Documents every year. The farmer is allowed to avail the amount based on actual Scale of Finance in particular year within the overall line of credit amount.

Source: Bank of Baroda