Co-operative Bank

The Cooperative Bank, Kapurthala

Revolving Cash Credit to Farmers (RCC)

Revolving Cash Credit to Farmers (RCC)
 

Beneficiery Any individual farmers holding the agricultural land being the member of PACS.
Purpose Socio Economic needs
Loan Limit Maximum  Rs.15.00 lacs ( Rs.2.00 Lacs Per Acre)
Rate of interest Upto 6.00 Lacs -11.00%, Above 6.00 Lacs to 15.00 Lacs-11.50%
Margin No Margin Required.
Repayment Renewable on annual basis.
Collateral security 150% of Loan amt(agriculture land at govt. administration rates).
Processing fee Rs.100+GST per lakh, per year, per limit account on sanctioned amount of limit
area of operation Loan shall be advanced in the area operation of Distt. Kapurthala.

 

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