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Last Updated:07/02/2026
New Kisan Credit Card
   

Objective

Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their cultivation & other needs.

Target Group

All Farmers - Individuals / Joint borrowers who are owner cultivators / Tenant Farmers, Oral Lessees & Sharecroppers/ SHGs or Joint Liability Groups of Farmers/ including tenant farmers, sharecroppers etc.

Quantum of Loan

Loan amount / Limit fixed on annual basis depending upon the cropping pattern, Scale of Finance for the crop and the extent of cultivation.

Eligibility

Farmers engaged in crop/ Allied (dairy, fishery, poultry etc,) are eligible under this scheme.

Security

New borrowers:

Up to Rs. 2.00 Lakh: Hypothecation of crops /assets created out of loan.

Above Rs. 2.00 Lakh - Suitable Collateral or TPG at the discretion of the Bank & Hypothecation of crops / assets created out of loan.

Existing borrowers with satisfactory dealing for two years:

Up to Rs. 3 Lakh: Hypothecation of crops /assets created out of loan.

Above Rs. 3 Lakh: Suitable Collateral or TPG at the discretion of the Bank & Hypothecation of crops / assets created out of loan.

Margin

Scale of finance is inclusive of Margin and additionally no margin is required.

Repayment

Limit is valid for 5 Years subject to renewal on every year.

Rate of Interest

Internal rating

Benchmark

Strategic Premium

Risk Premium

Total Spread

Effective ROI*

Rating-IOB 1

1 Y MCLR

0.20%

1.10%

1.30%

10.15%

Rating-IOB 2

1 Y MCLR

0.20%

1.20%

1.40%

10.25%

Rating-IOB 3

1 Y MCLR

0.20%

1.40%

1.60%

10.45%

Rating-IOB 4

1 Y MCLR

0.20%

1.60%

1.80%

10.65%

Rating-IOB 5

1 Y MCLR

0.20%

2.00%

2.20%

11.05%

Rating-IOB 6 and above

1 Y MCLR

0.20%

2.25%

2.45%

11.30%

*1Y MCLR - 8.85% at present

Externally rated accounts:

Externally rated accounts

Benchmark

Strategic Premium

Risk Premium

Total Spread

Effective ROI*

AAA

1 Y MCLR

0.20%

0.70%

0.90%

9.70%

AA

1 Y MCLR

0.20%

0.80%

1.00%

9.85%

A

1 Y MCLR

0.20%

1.10%

1.30%

10.15%

BBB

1 Y MCLR

0.20%

1.25%

1.45%

10.30%

 

Interest Subvention

Interest subvention is available at 1.50% p.a. and prompt repayment incentive of 3.00% p.a. of the loan is repaid in time.

Interest subvention and prompt repayment incentive is available up to Rs. 3.00 lakhs for crop loans and up to Rs. 2.00 Lakhs for allied activities.

Processing Charges

Up to Rs. 3.00 Lakhs - Nil

Above Rs. 3.00 Lakhs - 0.30%

*Conditions apply

*For more details, please contact our nearest branch

*Click here to apply Indian Overseas Bank (iob.in)