With Kisan Credit Card, KCC you can become an advanced level farmer, know how?

Kisan Credit Card [KCC]

Kisan Credit Card (KCC) is a financial scheme issued by Indian banks with the aim of providing accessible and affordable credit to farmers across the country for their farming related needs.

Kisan Credit Card Scheme has been launched with the aim of providing adequate and timely credit to farmers for their agricultural work. It was launched by the Government of India and the Reserve Bank of India in 1998. Its aim is to provide instant and convenient credit to farmers to meet their agricultural needs such as seeds, fertilizers, pesticides, agricultural equipment and other agricultural related expenses.

The Government of India offers farmers an interest subvention of 2% and a prompt repayment incentive of 3%, making loans available to them at a very discounted rate of 4% per annum. The implementing banks have the discretion to adapt it to suit institution/location-specific requirements.

The validity period of a Kisan Credit Card is 5 years. The period you get depends on the kind of activity you are planning to use the money for. You should be a minimum of 18 years and a maximum of 75 years of age to apply for a Kisan Credit Card. If you are a senior citizen, it is mandatory for you to have a co-borrower who is a legal heir. The interest rate applicable on KCC is left to the discretion of the bank. However, as per the KCC circular dated April 20, 2012, the interest rate is 7% per annum on short-term loans, with an upper limit of Rs 3 lakh on the principal amount.

Key features of Kisan Credit Card

1. Easy loan process: Farmers get loans through a simple and fast process through Kisan Credit Card.

2. Health insurance: Many KCC schemes also include personal accident insurance coverage for farmers.

3. Low interest rates: Interest rates on loans given under KCC are lower than other loan products.

4. Timely loan repayment: Farmers can also get a discount on interest rate if they repay the loan on time.

5. Flexible repayment period: The repayment period is kept flexible as per the crop, so that farmers can repay the loan after selling their crop.

Eligibility for Kisan Credit Card

1. Farmers (individually or jointly) who own land for cultivation.

2. Sharecroppers, tenant farmers, landless labourers may also be eligible.

3. Members of Self Help Groups (SHGs) and Joint Liability Groups (JLGs) may also be eligible.

Application Process for Kisan Credit Card

1. Filling the application form: Farmers have to get the application form from the bank branch and fill it correctly.

2. Documents required: Identity proof, land documents, crop details, etc. have to be submitted.

3. Verification process: The verification process of the application and documents is done by the bank.

4. Issuance of card: After verification, the Kisan Credit Card is issued to the farmer.

Documents required to get KCC

1. Application form.

2. Two passport size photographs.

3. Identity proof like Driving License/Aadhaar Card/Voter ID Card/Passport.

4. Address proof like Driving License, Aadhar Card.

5. Proof of land ownership duly certified by revenue authorities.

6. Crop pattern (crops grown) including area.

7. Security documents for loan limit above Rs.1.60 lakhs / Rs.3.00 lakhs, as applicable.

8. Two account holders of the same bank from which you want to get the credit card, to be submitted as your two witnesses (Guaranteer).

9. Any other document as per the approval of the bank.

Kisan Credit Card is an important tool that helps farmers achieve financial stability and increase agricultural productivity. Through this, farmers get financial assistance for their agricultural needs without any delay.

Visit for read official information: KCC