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| AB Kisan Sampathi (Crop Produce Loans) |
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 Objectives
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The scheme provides security to the farmers against distress sales of crop produce soon after harvest when the prices of the commodities tend to be low.
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| Loan amount |
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- 65% of the average market rate for the last 3 years ( as obtained from
Agriculture Market Committee) or
at Govt. announced procurement
prices ( in case MSP is not announced by the Govt., 65% of 3 months futures
NCDEX Commodity Exchange Price)
Whichever is lower, subject to maximum of Rs. 50,00,000/- per farmer.
- Limit will be arrived based on area of crop cultivated by the farmer
and yield there on.
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| Repayment |
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Loan shall be repaid within a maximum period of 12 months,based on the shelf life of the commodity stored.
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| Security |
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PRIMARY: Pledge of the produce stored with the cultivator or by pledge of ware house receipts issued by (i) Godowns / cold storages approved by Bank.(ii) Central/ State ware house Corporations and Food Corporation of India
COLLATERAL:
Produce stored with the cultivator:
- Limits up to Rs. 2,00,000/- : NIL
- Above Rs. 2,00,000/- : Collateral security not less than 75% of the bank loan component shall be obtained, besides suitable guarantee of two persons of sufficient worth.
Produce stored at CWC/SWC/FCI/STARAGRI approved warehouse:
- Limits up to Rs.10,00,000/- : Nil. (But personal guarantee of two persons required).
- Above Rs.10,00,000/- and up to Rs. 50,00,000/- : Collateral security not less than 75% of the bank loan component shall be obtained, besides guarantee of two persons of sufficient worth.
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 Rate of Interest :
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