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Kisan Gold backed Farm Credit (IND KGFC) for Crop Cultivation

Kisan Gold backed Farm Credit (IND KGFC) for Crop Cultivation

Features:

  • Easy and hassle-free loan process.
  • Convenient repayment schedules.
  • Low interest rates
  • Processing charges and Jewel appraiser charges apply.
  • No hidden charges.

Purpose / Objective:

  • To meet the short credit requirements for Crop cultivation, repayment of debt taken from non-financial institutional lenders etc.

Eligibility:

  •  Limit based on crop, extent & Scale of Finance (SOF) +30% of SOF towards post-harvest, household, consumption needs, repairs/maintenance of farm assets etc.

Security:

  • Primary: Hypothecation of crop / stocks, book debts, assets created out of loan
  • Collateral: Pledge of Gold with minimum collateral coverage of 120 %

Quantum of Loan:

  • Max limit: ₹ 50 lakhs (Aggregate)

Repayment Period:

  • Running limit. Subject to renewal on annual basis. Can be renewed on specific request of customer on payment of interest.

Rate of Interest:

  •  MCLR (1 Year) + Spread 0.10%

Documents Required:

  • Duly filled in application form.
  • Up to ₹2.5 lakh declaration and for above ₹2.5 lakhs loan Proof of agriculture land in the name of the applicant/family member or proof of cultivating the crop.
  • Identity proof- Voter ID card / PAN card / Passport / Aadhaar card, /Driving License etc.
  • Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc.

( अंतिम संशोधन Jun 11, 2026 at 11:06:24 AM )

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