Mahabank Kisan Tatkal Scheme

 Mahabank Kisan Tatkal Scheme

Facility

Term Loan (TL)

Purpose

For instant credit for farming community to meet emergencyrequirements

Eligibility

Individual Farmers / Joint borrowers (not exceeding 4 farmers) who are existing KCC holders having satisfactory track record of at least 2 years

Amount

Minimum- Rs 5000/- Maximum- Rs 50000/- (Subject to ceiling at 50% of KCC limit / 25% of annual income)

Margin

NIL

Rate of Interest

ROI shall be as applicable to Agricultural Advances

Security

Existing Security obtained for KCC to be continued.

Repayment

3 years in half yearly / yearly installments coinciding with harvest of the crop

Other terms & conditions

The loan is to be cleared in full if a fresh/ enhanced limit is sought in the subsequent year based on revised KCC limit.

Paper requirement

1. Loan application ie Form No -138,&Enclosure – B2

 All 7/12, 8 A, 6 D extracts, Chatu Sima of the applicant

 No dues certificates of the applicant from surrounding financial institutions including PACS

 Legal search from advocate on Bank’s panel for loans above Rs.1.00 lakh where land is to be mortgaged

2. Guarantee form F-138

 All 7/12, 8 A & PACS dues certificate of the guarantors