Banking · Agricultural Credit Guidelines
Under the current modified guidelines for short-term crop loans via Kisan Credit Card (KCC), what is the maximum principal amount up to which interest subvention and prompt repayment incentive can be claimed by a farmer, and what rate applies to any borrowing beyond this threshold?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Subvention is limited to 100,000 for marginal farmers and 200,000 for small farmers.
- 2Subvention is limited to 200,000; the remaining 200,000 is charged at the MCLR plus 1 percent.
- 3Subvention is limited to 300,000; the remaining 100,000 is charged at the bank's normal lending rate.✓
- 4Subvention is available on the full 400,000 at a flat rate of 7 percent.
Correct answer
Subvention is limited to 300,000; the remaining 100,000 is charged at the bank's normal lending rate.
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