Disbursement :

The short term component of the KCC limit is in the nature of revolving cash credit facility. There should be no restriction in number of debits and credits. However, each installment of the drawable limit drawn in a particular year will have to be repaid within 12 months. The drawing limit for the current season/year could be allowed to be drawn using any of the following delivery channels.

(a) Operations through branch

(b) Operations using Cheque facility

(c) Withdrawal through ATM / Debit cards

(d) Operations through Business Correspondents and ultra thin branches

(e) Operation through PoS available in Sugar Mills/ Contract farming companies, etc., especially for tie-up advances

(f) Operations through PoS available with input dealers

(g) Mobile based transfer transactions at agricultural input dealers and mandies.

Note: (e), (f) & (g) to be introduced as early as possible so as to reduce transaction costs of both the bank as well as the farmer.

The long term loan for investment purposes may be drawn as per installment fixed.