The Kisan Credit Card (KCC) scheme was introduced by the Government of India in 1998 to provide affordable credit to farmers. It allows them to borrow money at low interest rates for agricultural and allied activities, reducing their dependence on moneylenders. The scheme is implemented by commercial banks, cooperative banks, and regional rural banks (RRBs) and is monitored by the Reserve Bank of India (RBI) and NABARD (National Bank for Agriculture and Rural Development).

 

Kisan Credit Card (KCC) – Complete Details

 

Objectives of the Kisan Credit Card Scheme

✔ Provide timely and adequate credit to farmers for agricultural and allied activities.

✔ Reduce the dependency on informal lenders who charge high-interest rates.

✔ Simplify the loan process and ensure hassle-free access to funds.

✔ Support farmers in purchasing seeds, fertilizers, pesticides, and other inputs.

✔ Enable post-harvest expenses, marketing, and consumption needs of farmers.

✔ Facilitate short-term and long-term investments in farming activities.

Eligibility Criteria

Farmers who meet the following conditions can apply for a Kisan Credit Card:

🔹 Individual farmers, tenant farmers, and sharecroppers engaged in agriculture.

🔹 Self-help groups (SHGs) and joint liability groups (JLGs) involved in farming.

🔹 Dairy, poultry, and fisheries farmers engaged in allied agricultural activities.

🔹 Orchard and plantation owners cultivating fruits and vegetables.

🔹 Farmers involved in agro-processing units and storage facilities.

Loan Coverage Under KCC

1. Crop Production Loans

💰 Covers the cost of seeds, fertilizers, pesticides, and irrigation.

2. Allied Agricultural Activities

🐄 Loans for dairy, poultry, fisheries, goat farming, and sericulture.

3. Post-Harvest and Marketing Expenses

🚜 Funds for harvesting, storage, transportation, and sale of produce.

4. Investment in Farm Equipment

🔧 Loans for purchasing tractors, pumps, and other farm machinery.

5. Household Needs

🏡 Includes consumption and medical expenses of farming families.

Features and Benefits of Kisan Credit Card

✅ Loan Amount: Depends on the farm size and cropping pattern.

✅ Low-Interest Rates: Interest starts at 4% per annum with government subsidies.

✅ Flexible Repayment: Loan repayment is linked to crop harvesting and income cycle.

✅ ATM & RuPay Card Facility: Farmers receive a KCC RuPay Debit Card for easy withdrawal and purchases.

✅ Insurance Coverage: Farmers get insurance for crops and accidental coverage up to ₹50,000.

✅ Tenure: Loans can be repaid within 3-5 years.

✅ Collateral-Free Loans: Loans up to ₹1.6 lakh require no security.

Interest Rates and Government Subsidies

• The government provides interest subvention (subsidy) on loans.
• Farmers get 2% interest subvention on loans up to ₹3 lakh.
• If they repay the loan on time, they receive an additional 3% rebate, reducing the effective interest rate to 4% per annum.

How to Apply for a Kisan Credit Card?

Farmers can apply for a KCC through:

🏦 Banks: Visit any commercial bank, cooperative bank, or rural bank.

🌐 Online: Apply through bank websites like SBI, HDFC, ICICI, PNB, and others.

📜 Common Service Centers (CSC): Apply through CSCs in rural areas.

Documents Required

📜 Aadhaar Card, PAN Card, or Voter ID (for identity verification).

🏡 Land ownership documents or lease agreement (for tenant farmers).

📋 Bank account details and passport-size photos.

Conclusion

The Kisan Credit Card (KCC) scheme is a lifeline for Indian farmers, providing them with easy and affordable credit to support their agricultural needs. It helps in reducing debt burdens, promoting modern farming practices, and improving financial stability in rural areas. Farmers are encouraged to utilize KCC loans wisely and take advantage of government subsidies for maximum benefits. 🚜🌾

"This Content Sponsored by Buymote Shopping app

BuyMote E-Shopping Application is One of the Online Shopping App

Now Available on Play Store & App Store (Buymote E-Shopping)

Click Below Link and Install Application: https://buymote.shop/links/0f5993744a9213079a6b53e8

Sponsor Content: #buymote #buymoteeshopping #buymoteonline #buymoteshopping #buymoteapplication"