The KCC yojana for farmers was started under the National Bank for Agriculture & Rural Development, Government of India. Recently on 10th February 2020, a campaign has been started from the next 15 days. Under this campaign credit cards will provide to the farmers. Here you will be able to grab the detailed information about the Scheme facility provided by the government to the farmers (Kisan) of the country. Scroll the page to grab the information such as what the Kisan Credit Card is, how you can apply, the objective of the scheme, benefits, eligibility details etc.
Kisan Credit Card Detail
This Scheme fulfils 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 financial support. Kisan credit card scheme is provide timely and adequate credit to farmer to meet their production credit need. 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
KCC Loan Interest Rate
KCC Loan facility has been started for fulfilment the financial needs of the Indian farmers and as well as provides them with the 3% 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 KCC Loans are SBI, ICICI, AXIS Bank, Bank of India etc. This serves the short term and long term loans as per the requirement of the Farmers of India. KCC will work like credit card cum debit card.
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 an interest rate of 7% per annum.
Objective of KCC Loan Scheme
The KCC Scheme objective is to support the farmers of the country financially. KCC makes the farmers self-dependent and they never stop their agriculture works due to lack of financial support.
Features of Kisan Credit Card Loan
- KCC loan is offered for expenses such as seeds, fertilizers, post-harvest, animal expenses, other agricultural related activities and for maintenance, production of working capital along with requirements of farmer’s house, fisheries etc.
- Kisan can take short term loan up to Rs. 3 Lakh rupees for 5 years.
- Loan up to Rs. 160000/- without any guarantee. Previously this limit was Rs. 100000/-.
- If the loan amount is more than 160000/- then the card holder have to hold his land hostage and assure that the crop is good
- The interest rate of the loan is 7%. If the repayment of the loan is within one year then 3% interest is waived that means actual interest charged will be 4%.
- 15 days KCC campaign has been started from 10th February 2020
- Under this campaign will issue to the farmers
- This scheme will provide benefits to the 14 crore farmers of the country
- KCC holder will also get Personal accident insurance cover
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Kisan Credit Card Scheme Eligibility
- All farmers of the country
- Tenant farmers, oral lessees and sharecroppers
- Aadhar Card
- Pan Card
- Address proof
KCC Scheme Benefits
- it is working as a Credit cum Debit card.
- Credit is available at the subsidized interest rate.
- Extra 3% p.a. subsidy on prompts Repayment.
- Flexible Payment Method
How to Register For Kisan Credit Card Loan
The interested applicants may apply for the KCC 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, 60,000/-, then the cardholder has to submit his agriculture land papers as security in the bank.
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Important links
| Apply for Kisan Credit Card | Contact to the nearest branch of the bank |
| Central Govt. Scheme | Click Here |
FAQs Questions
You must be 18 years or older and less than 75 years of age to apply for a KCC and if you are 60 years of age of older producing a who is either your legal hair aur an immediate cane would be mandatory
For KCC limits Upto Rs. 1.60 lakh hypothecation of crop for KCC limits up to Rs.3.00 lakh (with tie arrangement) hypothecation of crops.