Security :

Security will be applicable as per RBI guidelines prescribed from time to time. Present Security requirement may be as under:

(i) Hypothecation of crops up to card limit of Rs. 1.00 lakh as per the extant RBI guidelines.

(ii) With tie-up for recovery: Banks may consider sanctioning loans on hypothecation of crops up to card limit of Rs.3.00 lakh without insisting on collateral security.

(iii) Collateral security may be obtained at the discretion of Bank for loan limits above Rs.1.00 lakh in case of non tie-up and above Rs.3.00 lakh in case of tie-up advances.

(iv) In States where banks have the facility of on-line creation of charge on the land records, the same shall be ensured.