Repayment Period under Kisan Credit Card

Repayment Period under Kisan Credit Card

1. The repayment period may be fixed by banks as per the anticipated harvesting and marketing period for the crops for which the loan has been granted.
2. In case of Short Term Loan, each withdrawal should be liquidated in 12 months without the need to bring the debit balance in the account to zero at any point of time.
3. No withdrawal in the account should remain outstanding for more than 12 months under Short Term Loan.
4. The Term Loan should be repaid within a period of 5 years depending on the type of activity / investment as per the existing guidelines applicable for investment credit.
5. Financing banks may, at their discretion, provide longer repayment period for Term Loan depending on the type of investment.