Kisan Credit Card The features of the scheme at a glance are: Type of revolving cash credit facility with unlimited withdrawals and repayments. Meet the production credit need, cultivation expenses, and contingency expenses of the farmers. Limits based on the basis of operational land holding, cropping pattern and scale of finance. This limit is inclusive of 20% of production credit. Each withdrawal to be paid within 12 months. Card valid for 3 years subject to annual renewals. Credit limits can be enhanced depending on performance and needs. Rescheduling is also possible depending upon the situation. If for example the crops fail due to a natural calamity and the farmer is not able to repay his loan, then he could get an extension of upto four years. Cash withdrawals through slips accompanied by card and passbook. A credit cum passbook would be issued. All branches engaged in agricultural lending could issue Kisan Credit Cards. Eligibility Borrowers with good track record over the past 2 years would be the prime customers. New borrowers could also be included if they could get proof of operational land holding from the Patwari. Rates& Fees Processing charges for fresh sanction as well as at renewal are as under : Loan Limit Processing Charges  Rs.25,000/- Rs.250/- Above Rs.25,000 upto Rs.2/- lacs @ 0.5% minimum Rs.250/- Above Rs.2/- lacs upto Rs.1.0 crore @ 0.25% min. Rs.1,000/- Selection methodology The farmer would be evaluated by the bank, on financial grounds by looking at his past record with the bank, and on personal grounds by looking at his reputation in the village. Fixation of credit limit The credit limit under the card may be fixed on the basis of the operational land holding, cropping pattern and the scale of finance by the District Level Technical Committee (DLTC) and SLTC. If the limit has not been fixed by the DLTC/SLTC or the limit in the opinion of the bank is low, appropriate scale of finance for the crop may be fixed by the bank. Validity and repayment schedule A card once issued would be valid for a period of 3 years. The facility may be extended, the amount enhanced or cancelled, depending on the performance of the farmer. Repayments are to be made within 12 months of taking the credit. Margin For loan amount upto Rs. 10,000: NIL For amount over Rs. 25,000: 15% to 25% Collateral Loan Amount  security to be furnished Upto Rs. 10,000 DPN (demand promissory note) / loan agreement is needed only Rs. 10000 and upto Rs.25,000 Hypothecation of crops is required. Above Rs. 25,000 Hypothecation of crops and mortgage of land (or) third party guarantee is needed Interest This is subject to change.  Amount of Interest for Repayment period:  Upto one year Exceeding one year  Upto Rs. 25,000 11 % 11 % Above Rs. 25,000-Rs. 2,00,000 12 % 12 % Above Rs. 2,00,000-Rs. 25,00,000 13.5% 13.5% Rs. 25,00,000 and above (Depending on Credit Risk Rating) 13.25% to 15.5% 13.25% to 15.5% By March 20, 2001, around 1,32,44,397 cards had been issued by agencies all over the country, with the amount sanctioned close to Rs. 24615.17 crore. Contributions of cooperative banks, RRB’s and commercial banks have been 67.35%, 5.7%, and 27% respectively. Terms & Conditions 1. The card should be used by the card holders only. 2. Charge slip to be signed by card holders while taking inputs from dealers. 3. Damaged/lost cards shall be replaced with written request and by paying charge Rs.20/-. 4. Bank should be informed immediately after loss of card. 5. Bank reserves right to seize/cancell the card without assigning any reasons whatsoever. 6. Sanction limit will be expired on death or insolvency of the card holders. Dues are to be recover from his/her successors. 7. Card holders are to be covered under "Personal Accident Insurance Scheme" by paying premium in the ratio of 2:1 between Bank and card holder.