Kisan Credit Card (KCC): A simple and affordable loan scheme for farmers

Kisan Credit Card (KCC) scheme is one of the most popular and effective government schemes among farmers. It was launched in 1998 to make it easier for farmers to get loans for agricultural operations. Under this scheme, farmers get loans at very cheap interest rates, which provides them financial assistance for farming. Let us discuss the key features and application process of this scheme in detail.

Key features of Kisan Credit Card

1. low interest rates:
   • Under the KCC scheme, loans are available to farmers at an interest rate of only 4%.
2. Age Limit:
   • Minimum age: 18 years.
   • Maximum Age: No limit.
3. Loan amount:
   • A maximum loan of up to Rs 3 lakh can be taken.
4. Loan Tenure:
   • The maximum period of loan and validity of the card is 5 years.
5. Guarantee Free Loan:
   • Earlier, guarantee free loan up to Rs 1.60 lakh was given.
   • Recently, RBI has increased this limit to Rs 2 lakh. Now, loans up to Rs 2 lakh can be taken without any guarantee.

How to apply for KCC loan?

Applying for Kisan Credit Card has now become very easy. You can apply using the online process.

Step-by-Step Application Process

1. Visit the Bank’s website:
   Visit the official website of the bank from which you want to apply for Kisan Credit Card.
2. Select KCC option:
   Select “Kisan Credit Card” from the option list.
3. Click on Apply:
   Click on “Apply”, which will take you to the application page.
4. Fill the form:
   Fill the application form with required details like name, address, land information etc.
5. Submit Form:
   After submitting the form, you will get an application reference number.
6. Bank Contact:
   If you are found eligible, the bank will contact you within 3-4 working days.

Required Documents

The following documents are required for KCC application:

1. application.
2. Two passport size photographs.
3. Identity Card:
   • Driving License/Aadhar Card/Voter ID Card/Passport.
4. proof of address:
   • Driving License or Aadhar Card.
5. Land Certificate:
   • Certified by Revenue Authorities.
6. Crop Pattern Details:
   • Information about the crops grown.
7. Security Documents:
   • If the loan is more than Rs 2 lakh.

Why avail Kisan Credit Card?

• This scheme provides loans to farmers on time and at low interest rates.
• The loan process is simple and fast.
• Guarantee free loan facility is a big relief for farmers.
• Helps in meeting the expenses required for farming.