Retail Agri Loan

Retail Agri Loan
Agriculture is the main occupation of the people of India. Nearly 2/3rd of our country's population is directly or indirectly engaged in agriculture. It contributes to 21% of our GDP. Keeping this in mind, we have designed the Kisan Gold Card to envisage a convenient and hassle-free loan to the farmer for meeting his production and investment requirements.our financial Services have been giving these loans, but with our technology edge we conceived a real plastic for the farmer for giving him the convenience to anywhere, anytime and not being restricted to a 10am-2pm banking culture. The card, launched in association with Visa International, can also be used at POS terminals globally.
Features & Benefits:

The Kisan Gold Card is aimed at meeting the production and investment needs of the farming community. Production needs broadly cover crop production requirements, including funds for all related inputs to grow a crop. We also meet Post Harvest and Domestic consumption requirements. The Card caters to investment needs such as purchase of agricultural related equipment/implements, irrigation requirements, construction of farm related buildings, and investment in agriculture related activities such as Dairy, Piggery, Beekeeping and the like. he credit limit on the card, sanctioned for three years, is based on the production requirements of the farmer. The limit will be renewed every three years

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Minimum employment: Minimum 3 months in employment and minimum 6 months in the current organization
  • Minimum Net Monthly Income: Rs.3,000 per month (Rs.3,000 in Mumbai, Delhi, Bangalore, Chennai and Hyderabad & Rs.3,000 in Calcutta, Ahmedabad and Cochin)
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements (latest 3 months bank statement / 6 months bank passbook)
  • Latest salary slip or current dated salary certificate with latest Form 16

Self employed (Professionals) include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretaries.

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 3 months to 6 months depending on profession
  • Minimum Annual Income:Rs.1,00,000 p.a.
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Qualification proof of the highest professional degree

Self Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria
  • Minimum age of Applicant: 18 years
  • Maximum age of Applicant at loan maturity: 65 years
  • Years in business: 3 months to 6 months depending on profession
  • Minimum Annual Income:Rs.1,00,000 p.a.
  • Available in select cities
Documents required:
  • Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)
  • Address Proof (Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
  • Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)

Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services

Eligibility Criteria

Years in business: Minimum of 3 months in current business and 6 months total business experience

  • Business must be profit making for the last 6 months
  • Minimum Annual Income:Rs.1,00,000 p.a.
  • Available in select cities
Documents required:
  • Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate)
  • Bank Statements(latest 6 months bank statement /passbook)
  • Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
  • Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).