Syndicate Kisan Credit Card (S.K.C.C)

Syndicate Bank, which has been the foremost bank in the country in providing financial assistance to farmers, is proud to introduce the Syndicate Kisan Credit Card Scheme. The objective of the new scheme is to meet the credit needs of the farmers for cultivation of crops and other requirements in a very convenient manner.

Farmers, belonging to villages served by Syndicate Bank, who are not defaulters in respect of earlier loans and who have crop loan requirement, are eligible to avail the facility.

This facility is provided to the farmers for meeting expenditure connected with cultivation of various crops, maintenance of small dairy / poultry units, non farm activity and consumption needs to some extent.

The farmers having this facility can deposit money in the account when they realise their income and withdraw it whenever needed.

Farmers have to pay money into the account after harvest season and have to operate the account regularly.

The facility is valid for 3 years. However, Bank will review the operation in the account annually and decide about continuation of the facility.Personal Accident Insurance Cover available upto Rs. 50,000 for farmers upto 70 years of age.

Minimum credit balance of Rs.500/- and above in the account between 10th and last date of the month will earn interest at Savings Bank rate.

Rate of interest on the facility will be as fixed by the Bank from time to time.

The facility is to be secured by hypothecation of crops / other assets and mortgage of land or charge on land wherever required.

A hassle free production credit scheme for farmers

• Entire range of crop & production credit requirements are met.
  
  
• Provision for meeting maintenance expenses of small nature for Dairy, Poultry and other Allied activities.
  
  
• Requirements of Non-farm activities and Small Consumption Expenses met upto Rs.5,000/-.
  
  
• Simplified documentation and card valid for 3 years.
  
  
• Absolute flexibility in operation of the limit.
  
  
• No restrictions on number of withdrawals and credits into the account.
  
  
• Minimum credit balance of over Rs.500/- between 10th and last day will earn Savings Bank interest.
  
  
• Withdraw when necessary and Repay when Farm income is generated.
  
  
• Personal Accident risk insurance cover available.