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- Working capital requirements - for allied activities, farm machinery / equipments maintenance.
- Repairs and replacements of machinery, Repairs / Improvements of Developmental nature and replacement of draught animals, bullock carts etc.
- Working capital requirements for Non-farm sector activities
- Consumption needs
- Repayment of genuine private debts
- Agriculturists who have received KCC prompt repayment incentive for past three years.
- Individual farmers /Joint borrowers, SHGs, JLGs who are owner cultivators and or/engaged in allied activities.
- Canara Kisan OD can also be sanctioned to GPA holders.
- Should not be a defaulter to any of the financial institutions.
| Quantum | Minimum Limit: Rs. 1.50 Lakhs Relaxation under the scheme are ceiling on finance per acre of land mortgaged is Rs. 1.50 Lakh per acre subject to 50% of the value of landed property mortgaged /proposed to be mortgaged. Out of which atleast 15% security in the form of residential property. |
|---|---|
| Security | Mortgage of landed properties are to be obtained with value at least 200% of the limit as prime security & of which at least 15% security in the form of residential property. |
| Repayment Period | Tenability is 12 months. Interest debited (Half yearly in March/September) to be recovered within a maximum period of 90 days. |