CentralBank of India-Rural Agri Banking
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Cent Kisan Gold Card ( CKGC)

Purpose * To meet all term credit requirements like Farm Mechanization, Land Development, Minor Irrigation, Water Conservation, Horticulture, Allied Activities and other related activities etc .
Eligibility * Individuals / Joint / Group of Farmers-owner cultivators and Self Help Groups, Joint Liability Groups etc., engaged in agriculture and related activities .
Nature of facility * Term Loan repayable within 9 years .
Quantum of Loan * As per plan for investments to be undertaken in the next 2-3 years subject to 5 times of annual income or 50% of value of land to be mortgaged as security with a maximum loan of Rs.20 lac.
Margin * Small and Marginal Farmers
* Other Farmers
5%
15%
Security * Upto Rs.1.00 lac*

* Above Rs.1.00 lac*
* (total amount of loans availed by the borrower)
- Hypothecation of assets created out of bank's finance.

- Hypothecation of assets created out of bank's finance and creation of Charge / Mortgage on land valued at least 200% of the loan amount.
Insurance * Assets created out of loan have to be insured for full value.
Interest Rate Limit Upto Rs.50,000/- .
Above Rs.50,000/- upto Rs.5.00 lacs .
Above Rs.5.00 lacs upto Rs.20.00 lacs .
MCLR+ 0.50%
MCLR + 1.00%
MCLR + 1.50%
Processing Charges * Upto Rs.25,000/- : Nil .
* Above Rs.25,000/-: @ Rs.120/- per lac or part thereof, maximum Rs.20,000/- .
Documentation Charges * NIL .
Repayment * In suitable instalments coinciding with overall income generation.

For further details, please contact our nearest branch.

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