FARMERS EASY EMPOWERED LOAN (FEEL): KRISHI KALYAN (Combo Product of ACC and PML)
ELIGIBILITY All non-defaulter and credit worthy farmers owner cultivators, tenant farmers, and share croppers, having good track record and cultivating crops , like food grains( cereals), pulses, oilseeds etc., produce of which could be stored in godowns /ware houses/cold storage etc., Farmers cultivating fruits and vegetables, in centers where cold storage facilities are available.
Quantum of Loan:
Total credit limit will be sanctioned, comprising of following components.
Annual Credit needs will be sanctioned, depending on the operational land holdings, cropping pattern, and scale of finance.
Contingency credit: upto maximum 20% of the production credit.
Produce Marketing loan:
Limit depends on the current market price or the MSP fixed by the Government (less Margin) multiplied by the quantum of stock to be stored.
Production Credit : No upper limit
Produce Marketing Loan : Max of Rs 10 lac per borrower.
Limit up to Rs 1 Lac:
Primary: - Hypothecation of standing crops and / or stocks Stored under produce Marketing Loan
Collateral : - NIL
Limit above Rs 1 Lac;
As applicable from time to time to crop loans. Interest subvention is limited to the crop period as in KCC and not during the period of storage.
Crop Loan (Production Credit) &} Loan amount will be liquidated from Produce Contingency credit Loan } Marketing loan sanctioned to the farmer
Produce Marketing Loan is to be repaid within a maximum period of 12 months, from the date of availment of the PML loan, depending on the produce.
Insurance : The stock stored under PML should be adequate by in owned.