State Bank Of Patiala KCC

There are two modes of KCC offerings by SBP, namely
1. ACC (PBKCC – Patiala bank Kisan credit card)
2. ATL (PBKGC – Patiala bank Kisan gold card)

Scheme for financing under PBKCC – Patiala bank Kisan credit card
Objective:-
Scheme aims to meet production (i.e. farm inputs), ancillary needs (repair to farm, machinery and other domestic needs) and contingency needs of farming community.
Eligibility:-
All farmers irrespective of land holding with production are eligible.
Credit limit
Credits limit worked out as per scale of finance. 100% loan in addition to scale of finance for meeting ancillary needs of the farmer. Working capital requirement for allied activities and contingency requirement of 40% of production limit shall be added for calculating the limit. Working capital will be further be supplemented for the farmers owning animals.
Security:-
 Hypothecation of crop upto Rs. 50,000/-
 Hypothecation of crop and mortgage of land/charge over land for cards above 50,000/- valuing 150% the loan amount.
Validity:-
Card is valid for 3 years
Salient features
 Personal insurance cover available upto Rs. 50,000
 ATM cards issued to illiterate farmers.


PBKGC – Patiala bank Kisan gold card
Objective:-
To meet term needs of farmer, to cover agricultural (other than production) and consumption needs of farmer.
Eligibility:-
Farmers having own land, with good track record irrespective of land holdings.
Quantum of loan:-
Equivalent to :
a) 5 times annual farm income
b) 50% of value of land mortaged whichever is less – maximum of Rs. 10.00 lac.
Purpose:-
Quantum of consumption loan needs will be restricted to 20% of the overall limit sanctioned or maximum of 1.00 lac which should be calculated before deducting the term loans, outstanding in the farmers account.
80% of limit can used for creation of any productive asset other than:-
1) Purchase of land
2) Cost to farm house
3) Purchase of tractor and its accessories.
Margin security
10% hypothecation of assets.
Mortage of land valuing double the loan amount.

Salient features:-
1) Cash disbursed to full extent
2) No bill required