KISSAN CREDIT CARD 1: KCC LOAN
Bank issue the kissan credit cards, to farmer who are eligible for sanction of production credit . It aim at adequate and timely support from banking system to the farmers for there cultivation needs including purchase of inputs in a flexible and cost effective members for fixing the limit. The bank take into account the entire production need in relation to scale of finance it is a revolving cash credit accommodation and the holder can withdrawn reply money at his convenience. The rate of interest is 7 % . KCC Cards are now RUPAY Cards from KERALA BANK
KISSAN CREDIT CARD 2 : KISSAN SREE LOAN This Loan are issued to farmers as interest free loans for six months duration.Procedures are same as KCC Loans
SHORT TERM LOANS: The period of short term loans is limited upto18 months This loan is allowed to : To purchasing seed, fertilizer, agricultural equipments etc. To buying the cattle and cattle feeds. To buying the raw materials and other instruments to rural small scale industries. For small scale industries Providing sub employments to farmers. To purchasing food grains and other necessary things. To for agricultural crop purpose. To buying vehicle.
NAST and NASTESE loans are come under this short term loans. Non agricultural short term loans (NAST) are 12% of interest rates. Non agriculture short term self employment (NASTSE) loans are issued to “AYALKOOTTAM” groups (Group of house hold women) for Self employment. Its interest rate is only 10% maximum amount is Rs.10000.00 . Then loans are issued under the security of a personal.
MEDIUM LOANS: The period of medium term loans are 10 years maximum amount issued as medium term loans is Rs.2500000.00. Medium term loans is in two types:
a) Mortgage loans: This loan is allowed to under the security of immovable properties of land. Interest Rate - 12%
b) NAMT loans:- Non agricultural medium term loans are issued to employee on the security of salary certificates.
GOLD LOANS: Our gold loan scheme offer funds for nominal interest to members for a spar of 3 months, 6 months and 1 year.Maximum market rate should be given for these loans and may vary from time to time
HOUSING LOANS: Advancing loans for construction of new houses, purchase of new house and repair or renovation of exitsing houses. The loan amount maximum of Rs.25 lakh and the time limit is 10 year.
DEPOSIT LOANS: This loan is accessible to members and non members. Loans are sanctioned up to 90% there deposit amount while pledge going the deposit receipt. The interest of deposit loan is 2% more than the deposit interest.
OVERDRAFT: Bank permit over drafts to their customers on current accounts. Customers are allowed to withdraw more than the balance available in their account in advance. It is allowed only on the previous arrangement with the banker.
MUTHATHEMULLA LOANS: This loans are issued to Kudumbasree Groups to help from local financier.Maximum amount is Rs.1000000.00 per group.Repayment and withdrawal of money in weekly basis.Time limit of Loan is upto 12 months.