The government has implemented so many schemes and programmes for the welfare of Annadattas, but are farmers actually aware of those schemes. As we know that agriculture is the backbone of the Indian economy and here crop loans can be of great help to the farmers for increasing agricultural production. Availability of low interest and adequate crop loans to farmers, mainly small and marginal farmers, through commercial banks not only helps in increasing crop productivity but also improves their economic condition. Hence Centre is trying to connect with more and more number of farmers and has asked them to take crop loans from commercial banks to improve productivity.
Union Finance Minister Nirmala Sitharaman on 14th May announced a Rs 2 lakh crore concessional credit boost to over 2 crore farmers through Kisan credit cards (KCC), which would also cover fishermen &animal husbandry farmers.
In this article we will tell you about how to apply for Kisan Credit Card, its features, benefits in detail.
Eligibility for Kisan Credit Card Loan Scheme
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Any person associated with farming, whether he is cultivating in his field or working on someone else's land, can apply for KCC.
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The person applying for Kisan Credit Card should have a minimum age of 18 years and maximum 75 years till the end of the loan period.
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Applicants over 60 years of age, must have a co-applicant.
Documents Required to Apply for Kisan Credit Cards
The following documents are required while applying for Kisan Credit Card: -
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Duly filled and signed application form
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Copy of identity proof such as Aadhaar card, PAN card, Voter ID, driving license, etc.
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Copy of address proof document like Aadhaar card, PAN card, Voter ID, driving license. The proof must have the present address of the applicant to be valid.
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Land Documents
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Passport size photo of the applicant
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Other documents requested by the issuing bank such as Security PDC.
Benefits of Kisan Credit Card
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Flexible repayment options and hassle free disbursement process.
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Single loan facility / term loan for all agricultural and ancillary needs.
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Assistance in procurement of fertilizers, seeds etc. as well as assistance in obtaining cash rebate from traders / dealers.
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Credit is available for a period of up to 3 years and repayment can be made on completion of the harvesting season.
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Funds can be withdrawn from any bank branch across the country.
KCC: How to Apply for Kisan Credit Card Online
Step 1 - Go to the official web site of your respective Bank.
Step 2 - Look for loans option at the home page and then search ‘Apply for KCC’
Step 3 - Now read the form and fill it carefully.
Step 4 - Click submit button
Step 5 - You will get an application reference number.
Step 6 - Save the reference number for future reference.
KCC: Direct Links of top banks
SBI KCC Link
PNB KCC Link
Axis KCC Link
ICICI KCC Link
HDFC KCC Link
KCC: Insurance under Kisan Credit Card
The Kisan Credit Card also provides personal accident insurance coverage that farmers can opt for. They will get coverage of up to Rs. 50,000 in the event of death & Rs. 25,000 in the event of an accident resulting in disability.
For more details visit your respective banks
