SCHEME FOR FINANCING FARMERS CULTIVATING ON LEASED LAND ALONG WITH SELF CULTIVATION ON OWN LAND UNDER CCCK (CCCKL)
Individual farmers who are owning cultivable land and cultivating on leased land, along with self cultivation on own land.
To meet the short term production credit requirement only under Kisan Credit Card Scheme.
The scale of finance as approved by District Level Technical Committee (DLTC) or SLTC will be considered to determine the eligible loan amount along with provision for contingency limit (30%) and consumption limit of 30% (Max. Rs.15.00 lakh).
Validity of the limit should be arrived by considering the unexpired lease period or Maximum of 05 years whichever is earlier.
Up to Rs.1.00 lakh – Hypothecation of crop.
Limit above Rs.1.00 lakh:a)Hypothecation of crop.
b)Mortgage of land owned by the cultivating farmer of value at least 1.33 times of the loan amount (overall limit).
The value of land will be lowest of the Fair market price or guidance value as fixed by the Sub-registrar.
Revolving cash credit facility.
The repayment period may be fixed by banks as per the anticipated harvesting and marketing period for crops for which loan has been sanctioned.