15
Particulars
Circulars on KCC implementation
Cir. No. 15/98-99
dtd. 14.08.1998
Cir. No. NB.214/
PCD.30/2004 dtd
09.08.2004
Circular No 71/PCD 04/2011-12 dtd
29.03.2012 & No. 97/PCD 10/2012
dated 20 April 2012
(iii) In case of
reschedulement
of loan,
outstanding
amount may
be transferred
to term loan
account and
repayment
period may be
refixed.
(iv) Credit limits
may be enhanced
to take care of
increase in cost
of inputs in case
of good accounts
6 Rate of
Interest
Same as applicable
to crop loan
Same as
applicable to
crop loan & term
loans
7% interest on short term credit with
an upper limit of Rs. 3.0 lakh on
principal amount
7 Repayment
Period
No drawal in A/c
should remain
outstanding for >12
months
(i) Short Term
credit/crop
loans as well
as working
capital for
agric &
allied to be
provided as
revolving
cash credit
limit,
repayable
within 12
months
(ii) Term Loan
component
will be
repayable
within
5 years,
depending
upon the
type of
activity.
(i) Short Term credit/crop loans as
well as working capital for agric
& allied activities to be provided
as revolving cash credit limit,
repayable within 12 months
(ii) Term Loan component will
be repayable within 5 years,
depending upon the type of
activity.
(iii) In case of ST loan, no withdrawal
in the account should remain
outstanding for more than 12
months.
(iv) Financing banks at their
discretion, may provide longer
repayment period (5 years) for
term loan depending on the type
of investment.
