Uttar Banga Kshetriya Gramin Bank has introduced Uttar Banga Kshetriya Gramin Bank Kisan Credit Card to provide adequate, hassle-free and timely credit to farmers for expenses related to agriculture and allied activities under a single window.
To provide credit to farmers for Agriculture activity. Scheme to cover term loans for agriculture & allied activities under Kishan credit card.
Loan for crop production to farmers having agriculture land.
Scale of finance of crop to be grown.
To be decided by the bank as per RBI guidelines.
To be decided by the bank as per RBI guidelines.
Insurance for the crops are available periodically based on government guidelines.
The Kisan Credit Card is valid for 3 years, subject to annual review.
After harvesting and marketing of crop.
Disbursement through various channels, including ICT driven channels like ATM/PoS/Mobile handsets.
May be decided by the bank.
Personal Accident Insurance Scheme (PAIS) is an accident insurance scheme especially designed for KCC holders. NABARD has, in consultation with the representatives of insurance companies, bankers and Govt. of India, finalised the Personal Accident Insurance Scheme for KCC holders, for uniform implementation by banks throughout the country. It was introduced on 14 June 2001.
It covers risk of KCC holders against:
Death (within 12 months of the accident) or permanent disability should be resulting from accidents caused by external, violent and visible means.
It gives following risk covers:
KCC holder has the option to take benefit of Accident Insurance (including PAIS) whose premium has to be paid by him through his KCC account. Premium payable Rs.15/- for a one year policy while Rs.45/- for a 3-year policy. Premium has to be borne by farmers/bank according to the terms of the Scheme. To avail this insurance cover, the applicant should not be over 70 years of age at the time of availing the Kisan Credit Card