Kisan Credit Card : What is Kisan Credit Card Scheme for Farmers ?

Kisan Credit Card : The central government has launched a Kisan credit card scheme to create capital for marketable agriculture. All these loans provide a small sum of money, which may not suffice for purchasing current farming implements and covering other expenses.

Farmers do not have to pay much interest on the loan under this scheme, they get the loan at a very low interest rate. We are going to give you complete information about what KCC is, its benefits and how you can apply for it.

Kisan Credit Card benefits

The Kisan Credit Card Scheme, initiated by the Central Government in 1998, aims to offer farmers additional credit. Its batting has come through National Bank for Agriculture and Rural Development. Linked with PM Kisan Samman Nidhi Scheme. Now all beneficiaries of PM Kisan are eligible for this scheme.

  • Under this scheme, farmers receive loans up to Rs 3 lakh at an interest rate of only 4%.
  • In the event of the KCC holder’s death or permanent disability, Rs. 50,000 is provided, and For other emergencies, an amount of Rs. 25,000 is provided.
  • Eligible farmers receive a KCC and a savings account that earns interest at a favorable rate, plus smart cards and debit cards.
  • A significant discount is available for repaying the loan. The bank disburses the loan easily.
  • This credit card stays with them for 3 years, farmers can repay their loan after harvest. The best part is that farmers don’t have to pay any collateral for loans up to Rs 1.60 lakh.

Kisan Credit Card Eligibility

  • This scheme does not create a separate category. If you are the owner of the farm land and engaged in agriculture, you can avail KCC to take loan under this scheme.
  • Tenant farmers can apply for this as well. They qualify for the loan too.
  • Applicant age for KCC should be minimum 18 years and maximum 75 years.

Kisan Credit Card Documents

  • Filled application form
  • Identity card : In this you can provide PAN card or Aadhaar card.
  • Address Proof : You can provide Aadhaar Card or Voter ID Card
  • Land documents
  • The bank might request additional documents from you.

PM Kisan Credit Card Online Apply

You can apply for KCC in two ways.

  1. Online.
  2. Offline.
kisan credit card online apply
  • The bank where you want to apply. Go to the official online website of that bank.
  • Choose the KCC option from the options given to you.
  • Click on “Apply” option, now online application will appear in front of you.
  • Fill all your personal information here and click on ‘Submit’ application.
  • You will receive a reference application number.
  • If your application qualifies, the bank will contact you within 3 – 4 days.

KCC Apply

You can directly go to the bank to apply offline. Here you will find the application form. Or you can download the form from the site, fill it properly and submit it to the bank. You should submit all the documents along with the form. After document verification, the bank will approve the loan.

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