Farm Credit – Renewable Energy

KVB –Farm credit – Renewable energy provides timely credit to farmers for purchase and installation of solar pumps/Solar lamps/Solar fencing etc… in the farm.

  • Eligible

    Central & State government subsidies

  • 100 Lakh

    Max loan amount

  • 6 to 12 months

    Repayment Tenor

Features & benefits
  • Individual farmers, group of individuals, SHGs, JLG, owning a minimum of 2 acres of land with existing well are eligible to avail this loan
  • Central and State government subsidies are eligible wherever applicable as per subsidy eligibility guidelines.
  • The scheme will be supplementary in nature and all existing KCC Green card holders can also avail KVB – Farm credit – Renewable energy limit subject to fulfillment of all terms and conditions.
Security and Repayment tenor
Security and Repayment tenor
Primary Security Hypothecation of assets created out of bank finance
Collateral Security 100% Collateral (Agri /urban property/100% FD/Gold ornaments*) for the loans of above 2.00 lakhs.
Repayment Period/Tenor 60 to 84 months - EMI/NEMI excluding Holiday/Moratorium period
Holiday/ Moratorium Period Maximum of 3 months
Limit and charges
Limit Minimum amount - Rs.1.00 lakh
Maximum amount - Rs.100.00 Lakh
Processing fee 1% (0.50% - If collateral given is 100% FD/Gold ornaments).
Jewel appraiser charges will be same as gold loan if applicable
Rate of Interest 1 Year MCLR +0.85