Canara Kisan OD - Flexible Overdraft Facility for Agricultural Needs

Working capital requirements - for allied activities, farm machinery / equipments maintenance.
Repairs and replacements of machinery, Repairs / Improvements of Developmental nature and replacement of draught animals, bullock carts etc.
Working capital requirements for Non-farm sector activities
Consumption needs
Repayment of genuine private debts

Agriculturists who have received KCC prompt repayment incentive for past three years.
Individual farmers /Joint borrowers, SHGs, JLGs who are owner cultivators and or/engaged in allied activities.
Canara Kisan OD can also be sanctioned to GPA holders.
Should not be a defaulter to any of the financial institutions.

Quantum	Minimum Limit: Rs. 1.50 Lakhs Maximum Limit: Rs. 12.50 Lakhs Relaxation under the scheme are ceiling on finance per acre of land mortgaged is Rs. 1.50 Lakh per acre subject to 50% of the value of landed property mortgaged /proposed to be mortgaged. Out of which atleast 15% security in the form of residential property.
Security	Mortgage of landed properties are to be obtained with value at least 200% of the limit as prime security & of which at least 15% security in the form of residential property.
Repayment Period	Tenability is 12 months. Interest debited (Half yearly in March/September) to be recovered within a maximum period of 90 days.

Quantum

Minimum Limit: Rs. 1.50 Lakhs
Maximum Limit: Rs. 12.50 Lakhs

Relaxation under the scheme are ceiling on finance per acre of land mortgaged is Rs. 1.50 Lakh per acre subject to 50% of the value of landed property mortgaged /proposed to be mortgaged. Out of which atleast 15% security in the form of residential property.

Security

Mortgage of landed properties are to be obtained with value at least 200% of the limit as prime security & of which at least 15% security in the form of residential property.

Repayment Period

Tenability is 12 months. Interest debited (Half yearly in March/September) to be recovered within a maximum period of 90 days.