COVID-19 Mahabank Kisan Rahat Yojana


To meet the emergency requirements for Agriculture and Domestic purposes for tiding over temporary difficulties in the wake of COVID-19 outbreak.


Scheme is valid upto 31.12.2020


Individual farmer / joint borrowers enjoying Kisan Credit Card (KCC) limit / Term Loan facility with us having satisfactory track record, existing account should be in Standard category

Type of Loan

Term loan.


The borrower can avail the sanctioned amount in one go or in trenches.

Quantum of Loan & Ceiling

  • Minimum limit: Rs. 10,000/-
  • Maximum limit: Rs.1,00,000/-
  • (Subject to ceiling at 50% of KCC limit/ Term Loan Limit)
Security Existing security / ies obtained for KCC/ Term Loan to be continued. No additional securities to be obtained even if the combined exposure (KCC/ Term Loan plus proposed Yojana) exceeds the present cut-off ceiling of Rs.1.60 lakh.
Moratorium period6 month
Repayment period2 years (excluding moratorium) in half yearly / annual installments coinciding to the harvest of the crop.
The loan is to be cleared in full if a fresh / enhanced limit is sought in the subsequent year based on revised KCC limit
Guarantee Existing personal guarantee ,if may be extended for the proposed facility
Rate of Interest
  • For Loans upto Rs. 10 Lakh:
    • 1 Year MCLR + BSS@0.50% + 1.75%
  • For Loans above Rs. 10 Lakh:
    • 1 Year MCLR + BSS@0.50% + 2.75%
  • Interest subvention is not applicable to such loans.
Penal InterestNo penal interest.
Processing Charges & other charges NIL ( to be waived off)
ReviewAnnual Basis
  • This facility is in addition to the existing facilities of the group, with specific request of the farmer.
  • All the existing facilities should be in Standard category.
  • The farmer should not have availed loans from any other financial institution for the same purpose.