Namaste everyone here on this forum! I’ve been hearing a lot about the Kisan Credit Card (KCC) scheme and how it helps farmers get easy access to credit for agricultural needs. I’m interested in applying for a KCC but would prefer to do it online to save time and avoid multiple visits to the bank.
Can anyone guide me on how to apply for a Kisan Credit Card online in India? I’d appreciate details on the step-by-step process, including which websites or portals to use, and any specific documents that are required during the application. Also share the details about How can I get Crop Loan Rs 3 to 5 Lakhs under this scheme, any insight would be really helpful the community!
The Kisan Credit Card Scheme also known as KCC is a government-backed initiative that the government of India launched to empower farmers by providing them with credit facilities for their agriculture needs. It was launched in August 1998 based on the model Prepared by NABARD (National Bank for Agriculture and Rural Development). It is also known as the Pradhan Mantri Credit Card Yojana and one of its main objectives is to support agriculture production by providing loans to the Indian Farmers.
In this scheme, Indian farmers can receive short-term credit to meet their financial burden on farmers. Kisan Credit Card Scheme is also determined based on factors such as maintenance expenses, type of crops cultivated, and economic onnance Minister Nirmala Sitharaman has delivered great news for farmers in the latest budget. Recently, the KCC loan limit has been revised from Rs 3 lakh to Rs 5 lakh.
Key Objectives and Features of Kisan Credit
One of the main aims and goals of Kisan Credit Credit is to provide farmers with timely credit support through the banking system as well as streamline the loan application process for the farmers.
- Agriculture Activities Support => Many farmers apart from Agriculture also engage in other activities like horticulture, fisheries, and agro-processing the Kisan credit card scheme is a great step in promoting and diversifying income generation among farming communities.
- Interest Rates => The Kisan Credit Card Scheme offers very subsidized Interest Rates without putting much burden on the farmers also they offer Flexible Repayment Options.
- Marketing Loans => Sometimes Farmers face challenges in selling their produce at fair prices the Kisan Credit Scheme also helps farmers to get these marketing loans so that these farmers can store their produce and sell it at a favorable price.
- Streamlining the Loan Application Process => The Kisan Credit Card Scheme also helps to Streamline the Loan Application process and ensures farmers have access to credit to manage post-harvest activities.
| Name of the Scheme |
Kisan Credit Card Scheme |
| Launched by |
Government of India |
| Main Objective |
Provide Credit Facilities to the Farmers. |
| Target Group |
Small and Midlevel Farmers. |
| Main Benefits |
Credit Card limit 3 to 5 lakh |
| Application Process |
Online & Offline modes |
| Official Website |
https://fasalrin.gov.in/ |
Kisan Credit Card (KCC) Interest Rate
- Interest rates up to 3 to 7 lakhs per annum.
- A 3% p.a interest subsidy is provided under the prompt payment scheme.
- Incentive up to 3 laA khs. Aadhar details are mandatory to avail of the rest subsidy
How to Apply for the Kisan Credit Card Process Online?
- As a first step Visit your Bank Website or bank’s mobile app.
- Navigate to the “Agri Loans” section and select Kisan Credit Card.
- Click on the bank’sApply’ option or Download the Application Form.
- Fill out the online/downloaded application form with the required details and click ‘Submit’ or submit it to the bank.
- You will receive an application reference number.
- As a last step, the bank will check the eligibility and contact you within 3 to 4 working days to proceed with, the process.
Documents Required for the Kisan Credit Card Scheme
- Kisan Credit Card Loan Application Form.
- Two Passport size photos.
- Identity proof driving license, Voter ID, passport, and Aadhar Card
- Land Holding Proof Certified by the Revenue authorities.
- Security documents for loans above 3 lakhs.
- Address proof, such as an Aadhaar card, driving license
- Proof of landholding certified by the revenue authorities
- Cropping pattern or crop grown with acreage
- Security documents for loan limit above Rs.3 lakhs, if applicable