[nilesh]

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Hi buddy I want to get info about Central Bank Of India Cent Kisan Credit Card, so would you plz tell me require eligibility to apply for it ??

[Vishal Kotkar]

Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India.

Central Bank Of India offered Cent Kisan Credit Card, to meet working capital requirement for maintenance of farm equipments and other assets and activities allied to agriculture like dairy, fisheries etc.


Eligibility
All Farmers - Individuals / Joint borrowers who are owner cultivators, tenant farmers, oral lessees, share croppers and Self Help Groups or Joint Liability Groups of Farmers.
Nature of facility Short-term revolving credit


Limit For the first year,
Limit will be fixed on the basis of
- Scale of finance for the crop, plus
- 10% of limit towards post harvest expenses, plus
- 20% of limit towards repairs & maintenance, plus
- Crop insurance, Personal Accident Insurance & asset insurance.
- For second and subsequent years the limit will be arrived at by adding 10% towards cost escalation over limit of the preceding year.

Rate of Interest

Limit Upto Rs.50,000/-
*Above Rs.50,000/- upto Rs.5.00 lacs
*Above Rs.5.00 lacs upto Rs.25.00 lacs
*Above Rs.25.00 lacs * MCLR + 0.50%
*MCLR + 1.00%
*MCLR + 1.50%
*MCLR + 2.00%

Bank profile :
Type Public
Traded as BSE: 532885
NSE: CENTRALBK
Industry Banking, Financial services
Founded 21 December 1911; 105 years ago
Headquarters Mumbai, Maharashtra, India
Key people Shri. Rajeev Rishi, Chairman & Managing Director
Revenue 25,887.89 crore (US$4.0 billion)(2016)
Operating income 2,643 crore (US$410 million)(2016)
Net income -1,418.19 crore (US$−220 million) (2016)
Total assets 305,466.09 crore (US$47 billion) (2016)
Number of employees 37,685 (2016)
Capital ratio 10.41% (2016)