The Kisan Credit Card is a scheme of the Central Government
that allows farmers to take loans for various agricultural purposes. Under the
scheme, a farmer can get a Kisan Credit Card (KCC) and get loans at a minimum
interest rate. So far, the central government has implemented a number of
schemes for millions of farmers across the country. In this article you have to
know about the kisan credit card scheme and its process.
What is Kisan credit card?
The Kisan Credit Card Scheme is a scheme of the Government
of India that aims to provide short-term loans to farmers and the fisheries and
livestock sector. Equipment can be used to purchase equipment and other daily
necessities. The scheme was launched by NABARD to save farmers from the
high-interest rates levied by landlords from unorganized ending areas.
Under the KCC scheme, farmers can get an interest rate of
less than 2% per annum. In addition, the repayment period is based on the
harvest or marketing period for which the loan amount was taken, which makes it
more profitable for them.
Benefits of the Kisan Credit Card Scheme:
Here are some of the
key features and benefits of the Kisan Credit Card Scheme:
- KCC is a revolving cash credit
account where farmers can use credit as per their needs.
- The KCC can cover crop
cultivation, machine purchases, post-harvest costs, labor capital requirements,
and some of the farming family’s needs.
- A mortgage-free loan can be taken
up to Rs 1,000 under the KCC scheme. 1.60 lakh.
- A maximum loan of Rs 1,000 crore
could benefit Rs 3 lakh under the scheme.
- The government pays interest
subsidies to those who immediately borrow money.
- The repayment time taken is based
on the amount of crop harvest and marketing period.
- 50,000 insurance cover for
permanent disability and death up to Rs. 25,000 has been paid against other
hazards.
Interest rate of Kisan credit card:
The interest rate on a Kisan credit card is different from
that of a provider. However, as per government directives, banks also pay
interest subsidies to lenders that pay them immediately. Interest rates can be
less than 2% other fees and charges also vary from bank.
Eligibility Criteria of Kisan Credit Card:
KCC can benefit from
the scheme:
- All farmers who are private/joint
tenants of the land and engaged in farming or allied activities.
- Individuals who own less farmers.
- All beggars are farmers or
landlords and share agricultural crops.
- Joint Assistance Groups or jointly
responsible groups including tenant farmers or partners.
- All such farmers who are eligible
for short-term credit for crop production or any associated activities and
non-agricultural activities.
- There are open water bodies, ponds
or tank owners / leases among fishermen, fishermen, and inland water fishermen
or aquaculture businesses.
- Private or joint poultry farmers.
- Dairy farmers who own / lease /
rent.
Important documents for KCC:
If you want to apply for the scheme you need to have a voter
ID card or PAN card or Passport or Aadhaar card or driving license for ID
proof, land approval, land registration number, and all other documents with
Aadhaar card.
How to Apply For Kisan Credit Card online?
- Visit the website of your favorite
bank and visit their Kisan credit card department.
- Download and print the application
form.
- Fill out the application form.
- Apply to the nearest bank branch
and submit the required documents.
- The officer will share the
necessary information with the applicant.
- The card will be sent once the
loan amount is approved.
- Customers can start using credit
cards after getting KCC.
Through mobile:
Farmers can apply
from the official website of Pradhan Mantra Kisan Yojana - pmkisan.gov.in or you can apply like this Farmers
can only apply for KCC via mobile. To apply for a card, they must follow these
steps:
- First, visit the website of the
Ministry of Agriculture and Farmers Welfare in their mobile browser.
- Here, first, you have to find
APPLY NEW KCC
- Here you will be asked for a CSC
ID and password.
- Once you have entered it, you will
have to click on the new KCC again.
- Then you have to enter the Aadhaar
number. It must be entered by the same applicant whose name is associated with
the PM Kisan scheme.
- As soon as you enter the Aadhaar
number, PM Kisan will automatically open the financial statement information
with a form.
- Here you have to click on the
latest KCC issue. Amount and beneficiary mobile number must be entered.
- Click on submit details after
entering information such as village name and khasra number etc.
- A new interface will open, where
you will be asked to pay, which you will need to submit from the balance of the
CSC ID.
- After that, your Kisan credit card
will be ready.
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