Kisan credit Card: The Kisan credit score Card (KCC) scheme gives loans to crores of farmers at a completely reasonably-priced price. Its important purpose is to provide well timed and easy installment loans to farmers for farming and associated activities.

With this scheme, farmers can take loans for various purposes like short-term farming prices, publish-harvest fees, family desires, animal husbandry, and farm maintenance.

The government offers a two percent interest subsidy and a three percent timely price bonus in this scheme, so that the farmer can get a mortgage at an interest price of only 4 percentage in line with annum. It's miles one of the most inexpensive agricultural loans to be had within the usa. Allow us to realize in the information below what the KCC card is, how it works, and how farmers can take benefit of it.

What is the Kisan credit score Card Scheme?

The Kisan credit Card (KCC) scheme changed into launched in 1998 to provide timely loans to farmers for farming and different desires. This scheme facilitates farmers to shop for seeds, fertilizers, and farming system, so one can avoid high-hobby loans. KCC also works like a debit card, from which farmers can withdraw money from an ATM.

In keeping with authorities data, there are presently greater than 7.75 crore energetic KCC debts in India. In the previous few years, the quantity of mortgage takers under this scheme has accelerated unexpectedly. Even as the overall loan became Rs four.26 lakh crore in the yr 2014, it has increased to Rs 10.05 lakh crore via december 2024. It's miles clean from this that both the need and believe of KCC have expanded some of the farmers.

How a whole lot mortgage is to be had beneath KCC?

The mortgage limit available to the farmer below KCC relies upon on many things. Along with the dimensions of finance of the crop, quantity of land, cost of cultivation, insurance fee, and estimate of preservation of farm machines. Based totally at the loan restriction constant to begin with, a new restrict is about assuming a natural increase of up to 10 percent each 12 months for the following five years.

Finance minister Nirmala Sitharaman has elevated the most loan restriction under the KCC scheme from Rs 3 lakh to Rs five lakh in budget 2025. A loan as much as Rs 2 lakh is absolutely collateral-loose; this is, there's no want to loan some thing for it. At the same time, for an quantity above Rs 2 lakh, banks can ask for collateral or other safety as according to their policy.

Why is the cardboard limit divided into  parts?

The cause for this is that the interest fee, reimbursement terms, and subsidy on quick-term loans (for crop) and term loans (along with tractors, irrigation) are exceptional. Consequently, the bank divides the KCC restriction into  parts: one brief-term mortgage and the other a time period loan. This now not only allows the farmer but additionally makes accounting easy for the financial institution.

How does the KCC card work?

The bank is now supplying a multipurpose wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital debit card to farmers. Farmers can without problems withdraw or spend cash thru an ATM, bank Mitra, cell App, or pos system. This card also can be related to Aadhaar or biometric identification, making it secure and smooth to apply.

Wherein can transactions be completed with the card?

With this card, farmers can do ATM, financial institution Mitra (BC), cell banking, and Aadhaar-primarily based transactions. With this, farmers do no longer must waste time in the bank queue, and that they can purchase the vital goods without delay from their farm.

Who can observe for KCC?

Land proudly owning farmers (person or in joint names)

Sharecroppers, tenant farmers, and oral rent holders

Farmer companies such as SHG (Self-assist group) or JLG (Joint legal responsibility group)

Online technique of applying for KCC

Go to the website of the bank from which you need to get KCC.

Choose the Kisan credit score Card choice.

Click on 'observe'.

Fill within the required information and publish.

You'll get the utility range, and the bank will touch you in three-4 days.

Then again, for an offline software, the farmer has to visit his nearest financial institution department and fill out the shape. After this, the bank officials will do the vital research and approve the KCC card primarily based for your eligibility.

What files are required?

Filled software shape

Identification and house proof (like Aadhaar, riding license)

Passport-size image

Evidence of land ownership

Info of crop sample

If the loan amount is greater than ₹1.60 lakh, then loan or assure documents-

The Kisan credit Card (KCC) scheme affords monetary assistance to farmers for all their farming wishes at less costly hobby fees. Its simple software technique and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital linkage with banks make it less complicated for farmers. This scheme especially empowers small and marginal farmers, supporting them to become self-reliant and run their agricultural activities smoothly.

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