Under Kisan / SHG loan application form Common COVID Emergency Credit Line (CCECL) Scheme 2020, apply online on working capital demand loan sbi.co.in, SBI COVID-19 relief measures, see details here
Farmers / SHGs can fill the Working Capital Demand Loan application form under s.co.vd emergency credit line (CCECL) scheme at sbu.co.in. State Bank of India (SBI) has announced COVID-19 relief measures for agriculture and rural sector. As part of this, the Common Kovid-19 Emergency Credit Line Scheme has been launched to provide relief to agricultural borrowers, agricultural entrepreneurs and SHG members to deal with the outbreak of Kovid 19 epidemic.
This farmer / SHG loan application online form will extend an additional credit facility to eligible existing borrowers. This is done by ad-hoc facilities ie Common Kovid 19 Emergency Credit Line to maintain Agri-Income Generation Activity. All existing KCC / ACC / ABAL / SHG ACC borrowers, all standard accounts including SMA 0 and SMA 1 with a risk grade of 0, 1, 2 are eligible for the CCECL scheme. However, SMA2 is not eligible.
Farmers / SHG Loan Application Form under SBI CCECL Scheme
Directly download the farmers / SHG loan application form
Here applicant can apply for his name, address, Aadhaar number, PM-Kishan SB A / C, mobile number, existing loan details (KCC / ACC / ABAL / SHG-ACC / SHG-TL), loan amount, purpose and collateral. Can. Security (if applicable) details. After filling all the details in the working capital demand loan application form for farmers / SHG members, submit it to the nearest SBI Bank branch.
Documents required to apply online for CCECL scheme
Here is the complete list of documents required to fill the farmers / SHG working capital demand loan application form under CCECL scheme: –
- For Self Help Groups (SHGs) –
- Application for loan assistance
- Resolve to get loan
- Bank loan passbook
- For KCC / ACC / OTHERS –
- Application for loan with two photographs
- Id proof like aadhar card
- address proof
- Bank loan passbook
Common COVID Emergency Credit Line (CCECL) Scheme Details
The complete details of the Common COVID Emergency Credit Line (CCECL) scheme for providing working capital demand loans to farmers / SHG members are as follows: –
Maximum / minimum working capital demand loan under CCECL scheme
Here is the minimum and maximum working capital demand loan under CCECL Scheme 2020: –
1) The maximum loan amount is 10% of the existing limit with the maximum. Cap Rs. 2 crores Rs.
2) For self-help group, Rs. 5,000 is the minimum amount per member.
No margin is required under the Common COVID-19 Emergency Credit Line (CCECL) scheme. The scheme (CCECL) will remain in force till 30 June 2020. The draw-down facility will be allowed in either single installment or a maximum of three installments till 31 July 2020.
Rate of interest for CCECL scheme
Currently, the applicable interest rate for CCECL scheme is 7.40% pa. The 1-year MCLR (Marginal Cost of Funds Lending Rate) is to be reset after one year. Demand loan facility is available for a maximum period of 24 months (2 years) under CCECL scheme.
Repayment period for loan under CCECL scheme
Following are the repayment periods of loans under CCECL Scheme 2020: –
- For existing KCC borrowers: will coincide with the repayment period of KCC (Primary Account) subject to a maximum of 12 months.
- For existing ABAL / SHG borrowers: Repayment in 18 EMIS after 6 months deferment from the date of disbursement.
There is no processing / inspection / prepayment / penal interest charges for loans availed under CCECL.
SBI Agricultural / Rural COVID-19 Relief Measures
Direct links related to SBU COVID-19 relief measures for agriculture / rural sector are as follows: –
- FAQs for Working Capital Demand Loans for Farmers / SHG Members for Common COVID Emergency Credit Line (CCECL) – Click Here
- Common COVID Emergency Credit Line for SHG Members (CCECL-SHG) Frequently Asked Questions (FAQ) for Financial Assistance – Click Here
- Contact details of support teams at LHO – Click Here
- Visit the official agriculture / rural link on SBI’s website which can be accessed through the link – Click Here
For more information, see the official SBI website at https://sbi.co.in/