The Indian government has implemented various schemes to support economically weaker sections of society, particularly focusing on farmers . One such initiative is the Kisan Credit Card ( KCC ) scheme, which aims to provide financial assistance to farmers. The National Bank for Agriculture and Rural Development (NABARD), established in 1998 in collaboration with the Reserve Bank of India, plays a crucial role in this endeavor. This guide will provide you with complete information about the KCC scheme, including eligibility and application process.
Benefits of the Kisan Credit Card
Low-Interest Loans: Farmers can access loans at a favorable interest rate of just 2.0%. Loan Amount: The KCC offers a maximum loan of up to Rs 3 lakh. Moreover, up to Rs 1.60 lakh can be availed without requiring any collateral security. Eligibility: The KCC is available to all farmers engaged in agricultural activities. This includes those working individually or collectively, leasing land, or cultivating plots. It also covers dairy farmers, poultry farmers, and those involved in non-agricultural activities.
How to Apply for a Kisan Credit Card
Download the Application Form: Go to the official website of any bank offering the KCC. Locate the Kisan Credit Card section and download the application form. Print the form after downloading. Fill Out the Form: Complete the form with all the required information accurately. Ensure that you include all necessary details.
Attach Documents: Gather and attach relevant documents needed for verification. Typically, these include identity proof, land records, and other agricultural documents. Submit the Form: Visit the nearest bank branch with your completed form and documents. Submit them to the bank officer for processing. Receive Your Card: After your application is reviewed and approved, the bank will process it, and your Kisan Credit Card will be sent to your registered address.
By following these steps, farmers can easily apply for a Kisan Credit Card and avail themselves of its numerous benefits, facilitating financial stability and growth in their agricultural activities.
