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| AB Kisan Rakshak (Farmers' Debt Swap Scheme) |
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 Objectives |
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To provide Bank credit to the indebted farmers to repay loans taken from non-institutional lenders i.e., private money lenders |
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| Coverage |
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The relief measures are intended to cover
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Existing farmer borrowers of the bank, who have been regular in repaying loans with interest in the past, except on occasions when they could not do so on account of factors beyond their control
- Non borrower farmers in the service area of the bank branch
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If a non-borrower approaches for bank Finance, he/she shall be assessed for crop loan limit under Pattabhi Agri Card and a Separate limit for repayment of non institutional debt as per the eligibility criteria
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| Existing Borrowers |
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* In addition to the regular crop loan limit, 50% of crop loan (Pattabhi Agri Card) sanctioned limit subject to a maximum Rs.50,000/- (or) to the extent of debtWhichever is lower to be considered as Additional Loan to repay debts to Non Institutional Lenders
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| Non Borrower Farmers (New Loanees) |
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* Non Borrower farmers are also eligible. A Pattabhi Agri Card limit based on cropping Pattern and scales of finance is arrived first
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| Terms |
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* The amount due to the Non Institutional Lender by the farmer should be released Directly by the branch by way of Cheque/ Demand Draft / Pay Order, against Discharge of the financial instrument. The discharged instrument should be kept Along with the documents
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| Repayment Schedule |
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Repayable in seven years after a gestation period of 1 year. The yearly installment in Term Loan should be recovered along with Pattabhi Agri Card Loan i.e., on or before 30th June of every year or marketing the produce which ever is earlier
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| Security |
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- Hypothecation of crops & suitable co- Obligation only for the aggregate limit of Rs. 1 lakh
- For aggregate limit over & above Rs.1 lac collateral security with value not less than 75 % of the loan amount shall be offered
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| For further details contact the nearest branch |
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