Organization : Vijaya Bank
Facility : Vijaya Kisan Card Scheme
Details : https://www.vijayabank.com/Agri-Banking/VIJAYA-KISAN-CARD-SCHEME
Home Page : https://www.vijayabank.com/Home
Vijaya Kisan Card Scheme
** VKC is an operative limit with validity for 5 years subject to annual review.
** Avoids repetitive documentation every year.
Related : Vijaya Bank Online Application for Grievance : www.statusin.in/5369.html
** Meets crop production as well as post-harvest, household and farm assets maintenance expenses and also term loan requirements under a single window, in a flexible manner.
** Withdrawalble through ATM enabled RuPay Kisan card/BCA locations
Eligibility :
** All farmers/tenant farmers/ Oral lessees/SHG/JLG of farmers/ Companies/Partnership Firms/HUFs.
** Should not be a defaulter to any other Bank/Financial Institution.
Quantum of Finance :
** Based on cropping pattern and the scale of finance fixed by District Technical Committee (DTC).
** Reasonable post harvest/household/consumption/maintenance of farm machinery/working capital foragricultural allied activities expenses is added to crop production component.
** Term loan component based on cost of investment.
Security Norms :
| Loan Amount | Security norms |
| Under tie up arrangement / facility with Sugar factories/Tobacco Board etc | |
| For loans up to Rs. 3.00 lakh | Hypothecation of crops |
| For loans above Rs. 3.00
lakh |
1. Hypothecation of crops.
2. Mortgage of land / creation of charge on landed properties in States where Statutes are available for creation of such charge. |
| Non Tie up cases :
For loans up to Rs. 1.00 lakh |
Hypothecation of crops. |
| For loans above Rs. 1.00 lakh | 1. Hypothecation of crops.
2. Mortgage of land / creation of charge on landed properties in States where Statutes are available for creation of such charge. |
For Term Loan component :
| i) For loans up to Rs. 1.00 lakh | Hypothecation of assets created out of loan and hypothecation of crop |
| ii) For loans above Rs.1.00 lakh | 1) Hypothecation of crops and assets created out of loan
2) Mortgage of land / creation of charge on landed properties in States where Statutes are available for creation of such charge. |
Rate of Interest :
Crop Loans up to Rs 3.00 lakh covered under Interest Subvention scheme of Govt of India up to the date of repayment or up to the due date, whichever is earlier subject to a maximum period of 1 year : 7% p.a.
In case of non interest subvention scheme, the ROI is as follows :
| Loan Limit | Rate of Interest |
| Up to Rs.50000 | BR+0.55% |
| Above Rs.50000 up to Rs. 2 lakh | BR +1.30% |
| Above Rs. 2 lakh up to Rs.10 lakh | BR +2.05% |
| Above Rs. 10 lakh up to Rs.25 lakh | BR +2.30% |
| Above Rs. 25 lakh up to Rs.1 crore | BR +2.40% |
| Above Rs.1 crore | BR +2.55% |
Repayment :
Crop Proceeds to be routed/credited to the account and annual review of the account.
Processing charges :
| Loan Limit | Other than
Individuals |
Individuals in
Other than rural areas |
Individuals in
Rural areas |
| Up to & Inclusive of
Rs. 25000/- |
Nil | NIL | NIL |
| Rs.25,001/- to
Rs.2.00 lakhs |
0.50%+ST with a
minimum of Rs.500+ST |
0.30%+ST with a
minimum of Rs.250+ST |
0.20%+ST with a minimum of Rs.200+ST |
| Above Rs.2.00 lakhs
to Rs.1.00 Crore |
0.50%+ST | 0.25%+ST | 0.20%+ST with a
Maximum of Rs.15000/- |
| Above Rs.1.00 crore | Rs. 600+ST per
Lakh with a Maximum of Rs. 20 Lakh +ST |
Rs.500+ST per lakh
with a maximum of Rs.20 Lakh+ST |
Rs.300+ST per lakh
with a maximum of Rs.7 Lakh+ST |
Note : Base Rate(BR) presently at 9.65%
Security Norms :
** For limits upto Rs. 1.00 lakh – Hypothecation of assets purchased out of bank loan.
** Above Rs. 1.00 lakhs – Hypothecation of assets purchased out of bank loan and Mortgage of land and building.