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Banking & Credit:: Andhra Bank

AB Kisan Rakshak

Objectives:

To provide Bank credit to the indebted farmers to repay loans taken from non-institutional lenders i.e., private money lenders

Coverage: The relief measures are intended to cover

Existing farmer borrowers of the bank, who have been regular in repaying loans with interest in the past, except on occasions when they could not do so on account of factors beyond their control.Non – borrower farmers in the service area of the bank branch. If a non-borrower approaches for bank Finance, he/she shall be assessed for crop loan limit under Pattabhi Agri Card and a Separate limit for repayment of non institutional debt as per the eligibility criteria

Eligibility Criteria:

Existing Borrowers:

In addition to the regular crop loan limit, 50% of crop loan (Pattabhi Agri Card) sanctioned limit subject to a maximum Rs.50,000/- (or) to the extent of debtWhichever is lower to be considered as Additional Loan to repay debts to Non –Institutional Lenders

Non Borrower Farmers (New Loanees):

* Non Borrower farmers are also eligible. A Pattabhi Agri Card limit based on cropping Pattern and scales of finance is arrived first

  • In addition to the regular crop loan limit, 50% of crop loan (Pattabhi Agri Card) sanctioned limit subject to a maximum of Rs.25000/- (or) to the extent of debt which ever is lower to be considered as Additional Loan to repay debts to Non institutional Lenders

For further details Click here

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