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  • Kisan all purpose term loan
  • To create a convenient single shot term loan limit to farmers for all term loan requirements like Farm Mechanization, Land Development, Minor Irrigation, Water Conservation, Horticulture, Allied activities and other agri. related activities etc.
  • Development projects with a long gestation period shall not considered under the scheme in view of the specific tenor of this credit product (e.g. Mango plantation-requiring gestation of 6-7 years).
  • Purchase of Tractors, Combine Harvesters, and Cars are out of the purview of this Scheme for the reason that farm machinery loan requires independent appraisal with regard to minimum viable land holdings, and the need for controlled expansion of the portfolio.
  • The purposes for which the limit is granted shall not be a part of the Kisan Credit card limit /Canara Kisan OD Scheme /term loan already availed for the same purpose and it shall be a separate Single transaction account.
  • Individual, Joint/ Group of Farmers-owner cultivators and JLGs, SHGs etc. engaged in Agriculture and related activities.
  • Applicant should be our existing Agriculture loan borrower (Other than Gold loan and VSL) with 3 years satisfactory track record.
Quantum
  • Quantum of loan is based on the investment plan given by the farmer to b undertaken in the next 2-3 years. The plan can be a combination o investment/development activities relating to agriculture and allied activities.
  • It shall be subject to 5 times of Annual farm income (current-pr development stage as assessed by the branch based on crop pattern & allied activities undertaken) of the farmer including allied activities OR 50% of the value of land mortgaged (for aggregate loan above Rs.1.6 lakh), whichever is lower with a maximum Rs. 20 Lakhs.

Actual purpose wise assessment is to be made as per regular Scheme on the pre development status, viability and post development income etc.
Margin
For loans upto and including Rs. 2,00,000/- NIL
For loans above Rs. 2,00,000/- 15 to 25% of the project cost depending up on the purpose and quantum
Nature of facility and classification Term loan
Priority sector- Agriculture – Farm Credit
Rate Of Interest
Sanction amount Spread over MCLR
Upto Rs. 3.00 Lakhs 1.40
Above Rs. 3.00 Lakhs upto Rs. 1.00 Crores 2.30
Above Rs.1.00 Crores and Upto Rs. 2.00 Crores as per scoring
Lower 2.20
Middle 2.35
Higher 2.80
Highest 3.50

For Loans above Rs. 2.00 Crores and upto Rs. 25.00 Crores Internal Rating

LR/Upto CNR V 2.20
NR/ Upto CNR VI 2.55
MR/ Upto CNR VII & VIII 2.95
HR/ Upto CNR IX to XI 3.75
Security
Loan Quantum Security to be stipulated
For loan upto Rs 2.00 lakhs Hypothecation of crops/assets created out of our finance.
For loans above Rs 2.00 lakhs to Rs 2.50 lakhs In states where online/manual charge creation is not available In states where online/manual charge creation is available
  • Hypothecation of crops/ assets created out of our finance.
  • Mortgage of landed properties
  • Hypothecation of crops/ assets created out of our finance.
  • Creation of charge on land records
For loans above Rs.2.50 lakhs
  • Hypothecation of crops/ assets created out of our finance.
  • Mortgage of landed properties
  • However our charge on the land records to be ensured.
  • Existing borrowers where agricultural land is already mortgaged would be continued as per existing terms and conditions.
  • Declaration from the borrower containing the details of land holdings, to be obtained for creation of charge
  • After charge creation, copy of confirmation of the charge to be kept with loan documents.
  • In case, party is already having a development/ investment loan, and total exposure including the proposed exposure exceeds Rs. 1.60 Lakhs, mortgage of landed property is to be stipulated in addition to hypothecation of crops cultivated.

Security shall be atleast 200% of the limit sanctioned in addition to hyp. of assets created.
Repayment 9 Years. This may be a ballooning repayment and interest shall be paid along with the installments.
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Last updated on 22-01-2026 01:15 AM

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