KVB KCC (Animal Husbandry & Fisheries)
KVB KCC (Animal Husbandry & Fisheries) is a working capital limit that aims to provide timely credit to meet out the short term credit requirements for rearing of Dairy, Poultry, Fisheries and aquaculture, Piggery and other ruminants.
Features & benefits
- Individual/Joint owners; Tenant Farmer; Oral Lessees; Share Croppers; Self Help Groups (SHG); Joint Liability Group (JLG); Proprietorship concern of Farmers are eligible to avail this loan
- For woman Borrowers concession in ROI of 0.10% is applicable.
- On stop solution for all your working capital needs for rearing of Dairy, Poultry, Fisheries and aquaculture, Piggery and other ruminants.
- Attractive of Interest rate and low service charges.
Security and Repayment tenor
| Primary Security | Hypothecation of entire current asset |
| Collateral Security | Collateral security to the tune of 150% (Agricultural/Urban property) for loans above Rs.1.60 lakhs |
| Repayment Period/Tenor | 6 to 12 months - EMI/NEMI excluding Holiday/Moratorium period |
| Limit | Maximum amount - Rs.500.00 Lakh |
Rate of Interest
| Facility Name | Rate of Interest |
|---|---|
| Upto Rs. 3.00 Lakh | One year MCLR + 0.35% i.e.,10.45% |
| Rs. 3.00 Lakh to Rs. 10 Lakh | One year MCLR + 1.35% i.e., 11.45% |
| Rs. 10.00 Lakh to Rs. 25 Lakh | One year MCLR + 2.35% i.e., 12.45% |
| Above Rs. 25.00 Lakh | One year MCLR i.e., 10.10% |
