Kisan Credit Card Loan facility has been started for fulfillment the financial needs of the Indian farmers and as well as provides them the 2% subsidy on the Credit limit of INR 3 Lakh. Loan under Kisan Credit Card will be given by many cooperative banks, public sector banks, and regional rural banks of India and top most banks which provide the Kisan Credit Card are SBI, ICICI, AXIS Bank,Bank of India etc. Kisan Credit Card serves the short term and long term loans as per the requirement of the Farmers of India.
Kisan Credit Card Detail
The Kisan Credit Card fulfills the financial requirement of the Farmers during the planting and harvesting season. The KCC Scheme makes the farmers self depended and they never stop their agricultural works due to lack of the financial support. This Kisan Credit card will work as Credit Card cum Debit card. This KCC yojana for farmers was started under the National Bank for Agriculture & Rural Development
Kisan Credit Card (KCC) interest rate
Under Kisan Credit Card scheme banks provides the Credit loan facility and the credit limit of loans depend upon the eligibility of the Farmers. The KCC Loans interest rate may vary bank to bank and generally the interest rate charged annually by the Banks are 7% per annum. Up to the credit limit of INR 3 Lakh rupees Government of India Provide the 2% Subsidy to the farmers. Additional interest subvention @3% p.a.for prompts Repayments.
Brief Summary of Kisan Credit Card
|Scheme Name||Kisan Credit Card scheme|
|Launched by||National Bank for Agriculture & Rural Development (NABARD)|
|Date of Apply||No Last Date|
|Category||Central Govt. Scheme|
|Objective||To provide credit at subsidy|
Kisan Credit Card Credit limit
Income from agricultural sources determines the maximum Kisan Credit Card Credit limit. In the normal condition the credit limit for all the farmers’ starts from INR 25,000 and the credit is available for a period of 3 years with interest rate of 7% per annum.
Eligibility for Kisan Credit Card
- All farmers of the country
- Tenant farmers, oral lessees and share croppers
- Aadhar Card
- Pan Card
- Address proof
Benefits of Kisan Credit Card
- it is works as Credit cum Debit card.
- Credit is available at subsidized interest rate.
- Extra 3% p.a. subsidy on prompts Repayment.
- Flexible Payment Method
How to apply for Kisan Credit Card loan
The interest applicant may apply for the Kisan Credit Card at the nearest bank branch of any cooperative banks, public sector banks, and regional rural banks of India and after the verification of all documents bank will sanction the Credit according to the Income of the Farmer. The one important thing is that If the credit limits is above from Rs.1, 00,000/-, then the cardholder has to submit his agriculture land papers as security in the bank.
|Apply for Kisan Credit Card||Contact to nearest branch of the bank|
|Central Govt. Scheme||Click Here|