KCC Marine Gold Scheme

Features :

• Easy and hassle-free loan process.
• Convenient repayment schedules.
• Low interest rates
• Processing charges and Jewel appraiser charges apply.
• No hidden charges.

Purpose / Objective :

• To meet out the short term credit requirements for all marine fishery activities.

Eligibility :

• All individual marine fishermen

Type Of Facility :

• Cash Credit

Quantum Of Finance:

• The quantum of finance is based on Scale of finance fixed by the District Level Technical Committee (DLTC).
• Maximum of Rs.2.00 lakh

Repayment Period:

• The Loan will be in the nature of Revolving Cash Credit limit. Repayment fixed as per cash flow / income generation pattern of the activity undertaken by the borrower. The entire cash generated to be routed through Cash Credit account only.

Rate Of Interest :

• Please refer the Lending Rates link on home page in our Bank’s Website indianbank.in.

Documents Required :

• Duly filled in application form.
• Marine Fishers ID card issued by GoI / State Government for doing marine fishery activities.
• Identity proof- Voter ID card / PAN card / Passport / Aadhaar card,/Driving License etc.
• Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc.