Kisan Credit Card: The government runs the Kisan Credit Card Scheme. Under this scheme, farmers are given loans of short term tenure, so that they can buy the necessary equipment for farming and bear other expenses.
Kisan Credit Card: To make capital available to the farmers of the country for the needs of agriculture, the government runs the Kisan Credit Card Scheme. Under this scheme, farmers are given loans of short term tenure, so that they can buy the necessary equipment for farming and bear other expenses. One advantage of this is that the farmers do not have to pay much interest on the loan they get under this scheme, they get the loan at a much lower interest. We are telling you what is Kisan Credit Card, what are its benefits and how can you apply for it.
What is Kisan Credit Card? (What is a Credit Card)
Kisan Credit Card Scheme is a government scheme that was created in 1998 to provide extra credit to farmers. It was started by NABARD (National Bank for Agriculture and Rural Development). Now it has been linked to the Pradhan Mantri Kisan Samman Nidhi Yojana. Now the beneficiaries of PM Kisan can also apply for this.
Features and Benefits of Kisan Credit Card
Under this scheme, farmers get loans up to Rs 3 lakh at 4% interest rate.
The KCC holder gets coverage of up to Rs 50,000 in case of death or permanent disability, up to Rs 25,000 in case of second risk.
Eligible farmers are given a savings account with Kisan Credit Card, on which they continue to get interest at good rates, along with this they also get smart card and debit card.
There is also a lot of flexibility to repay the loan. Loan disbursement is also done very easily.
This credit remains with them for 3 years, after harvesting the farmers can repay their loan.
The best thing is that farmers will not have to pay any collateral for loans up to Rs 1.60 lakh.
read this also: Instructions to give Kisan Credit Card to every farmer, government told public sector banks – take help of PM Kisan database
Who can apply for Kisan Credit Card? (Who can apply for Kisan Credit Card)
No separate category has been created in this. If you are the owner of the land and doing farming, then all farmers can apply for Kisan Credit Card to take loan under this scheme.
Farmers doing share cropping can also apply for this. Tenant farmers can also get loans under this.
Yes, there is definitely a rule regarding age. The minimum age to apply for Kisan Credit Card is 18 years and the maximum age is 75 years.
Where to get Kisan Credit Card?
co-operative bank
Regional Rural Bank
National Payments Corporation of India
State Bank Of India
Bank of India
Industrial Development Bank of India
Documents required for making Kisan Credit Card (Documents for Kisan Credit Card)
filled application form
Identity card- In this you can give anything from PAN card, passport, Aadhaar card or driving license.
Address proof, PAN card, Aadhaar card, Voter ID or driving license can also be given in this.
land documents
passport size photo
The bank may also ask for some other documents.
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