BANK BRANCH AUDIT - KCC AUDIT IN SBI
KCC (Crop Production Loan) in SBI: 1. It is revolving cash credit account. 1a. The eligiblility of limit is decided on the basis of MPBF(Maximum Permissible Bank Finance) based on SoF (Scale of Finance). 2. Rate of intt is -7% for limit upto 3L. -9% or rate as decided for limit >3L 3. Secuity is -Primary:Hyp. of standing crops & Mortgage of Agri. Land. -Collateral: needed only for limits >3L 4. Bank pays insurance on behalf of farmers under PMFBY for all eligible crops to get them insured. 5. Intt subvention is eligible -@2% at the time of disb. -@3% for prompt repayment borrowers who hv taken limit upto 3L. 6. Crop Wise annual income(scale of finance) rates per hectares/acre are already decided by bank/SLBC and MPBF is calculated using this parameter and multiplying the same with bollowing farmers land holdings. The amt is further added by 10% for post harvest exp.+20% for farm maint. 7. To calculate above MPBF, SBI uses a specialise...