Krishna Grameena Bank – Krishna Krishi Card (Crop Loans)

By | June 25, 2011

 

The Bank was established on 01-12-1978. The area of operation of the Bank comprises three districts namely Gulbarga, Bidar and Yadgir. The present Branch network is 119, of which 94 branches functioning in rural area, catering to the needs of farming community, rural artisans and other rural mass. Krishna Grameena Bank is pioneer in promoting & extending financial assistance to Self Help Groups (SHGs). It offers home loan, personal loan, vehicle loan, agricultural loan, business loan etc.

Purpose -For raising different types of field crops

 

Eligibility –           All the farmers are eligible

 

Loan amount –           As per scale of finance/need base for different kinds of crops

 

Disbursement –           Immediately after sanction and documentation

 

Security Margin –           Up to Rs.50, 000/- > Loan agreement

Above Rs.50, 000/- > Equitable/registered mortgage on landed property

 

Margin –           10%

 

Repayment –           After harvest and marketing of agriculture produce.

 

Documents

a) Loan amount up to Rs.50, 000/- :

(i) ROR

(ii) Holding Certificate

(iii) No due certificate

(iv)  Photos (3)

b) Above Rs.50, 000/- :

(i) ROR

(ii) Holding Certificate

(ii) No due certificate

(iii) Photos

(iv) Encumbrance Certificate

(13 years)

(v) Legal opinion

(vi) Mortgage deed with Sub-Registar

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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