Crop loans through co-operatives in West Bengal: rates, seasons, application and interest relief rules.
💳Kisan Credit Card (KCC) & Crop Loan — Interest7% interest, 3% relief on timely repayment — effective 4%.
| Item | Details |
|---|---|
| Interest rate | 7% simple interest p.a. (central interest subvention scheme) |
| Timely repayment relief | Extra 3% (Prompt Repayment Incentive) |
| Effective rate | Only 4% |
| Subvention limit | Loans up to ₹3 lakh (₹2 lakh for only animal husbandry/fisheries) |
| Maximum period | 1 year from disbursement or the fixed due date |
| Crop insurance | KCC borrowers get crop insurance cover |
Note: repaying after one year loses the 3% relief. The Union Budget announced raising the limit to ₹5 lakh — confirm the current limit at the office.
📅Seasonal Crop Loans (Kharif, Rabi, Boro)Which crops, when to apply and when to repay each season.
| Season | Main crops | Usual disbursement | Repayment |
|---|---|---|---|
| Kharif | Aman paddy, jute, Aus | April – September | After harvest, by the society’s due date |
| Rabi | Potato, mustard, wheat, pulses, vegetables | October – January | After harvest, by the due date |
| Boro / Summer | Boro paddy, sesame, moong | December – March | After harvest, by the due date |
The amount per acre follows the district “Scale of Finance”. Exact dates and amounts for each season are posted on the society notice board.
📝How to Apply & Documents NeededStep by step, from membership to getting a KCC.
Steps
- Become a member of the society (buy shares)
- Collect and fill the loan application at the office
- Submit documents for verification
- On sanction, the amount is credited to your KCC / loan account
- Repay on time and renew every year
Documents
- Aadhaar and Voter card
- Land record (porcha/khatian) or bargadar certificate
- Two passport-size photos
- Farmer ID / Krishak Bandhu number (if any)
- Mobile number
✅Tips to Get the Interest ReliefRepay on time, renew and insure — three key rules.
- Repay in full with interest by the due date and within one year
- Renew your KCC on time to get a fresh loan next season
- Stay enrolled in Bangla Shasya Bima for protection against crop loss
- Never pay middlemen; all work is done directly at the society office
👩👩👧Self-Help Group (SHG) Loan GuideGroup formation, savings and low-interest group loans.
- Form a group of 10–20 women and open a group savings account
- Hold regular meetings and savings; keep books in order
- After grading, apply for a group loan
- Under the state interest subsidy scheme, timely instalments mean a very low interest rate
Ask the office for current rates and limits.
Need help applying? Visit or call the society office. Contact