Kisan Credit Card: Many schemes are being run to make the farmers of the country economically prosperous. PM Samman Kisan Nidhi (PM Kisan Samman Nidhi YojanaOn one hand, the government is giving six thousand rupees a year to the food providers. At the same time, with the help of Kisan Credit Card, it is providing easy loans with subsidy. This scheme is being implemented by the National Bank for Agriculture and Rural Development (NABARD) had started. Farmers also get the benefit of savings account under this scheme. The farmer gets this card within 15 days. The beneficiary of PM Kisan Yojana will also get the benefit of this card. For this, the Central Government is working on a plan to make cards by going door-to-door. Along with this, Agricultural Loan Portal (Krishi Rin Portal) Through this, work is being done to provide easy loans to KCC holders in a short time.
What is Kisan Credit Card?
Kisan credit card (Kisan Credit Card-KCC) is a special type of credit card that provides loans to farmers for crop produce, purchasing agricultural equipment, purchasing materials suitable for farming, and other agriculture related expenses. This loan helps farmers to meet their agricultural needs and promotes their financial independence. Through Kisan Credit Card, farmers can avail various financial facilities for their agricultural needs such as interest free loans against expenses, for a limited period of time and at reasonable interest rates. The interest rates for loans availed through Kisan Credit Card are generally more reliable for farmers.
What are the benefits of Kisan Credit Card?
Kisan Credit Card Scheme is a scheme started to free the farmers of the country from expensive loans of moneylenders. Under this, a loan of up to Rs 3 lakh is given to the card holder farmer at an interest rate of 4 percent. Along with this, if the farmer repays the loan within the loan period, he is also given a subsidy of three percent. Under the Kisan Credit Card Scheme of the Central Government, a loan up to Rs 1.60 lakh is easily available. For this, the farmer does not need to take any kind of mortgage.
How to apply for Kisan Credit Card
The first step to apply for Kisan Credit Card is to select a bank that offers Kisan Credit Card facility. Generally, it is provided by all major banks and rural banks. After this, go to the bank and talk to the NPO or other officer there and apply for Kisan Credit Card. They will provide you with the necessary documents and necessary information. The bank will scrutinize your application and if your application is approved, you will be issued a Kisan Credit Card. Once you get your card, you can use it to finance a farmer’s needs, such as seeds, fertilizers, farm equipment, and other resources.
Documents required for KCC
Any farmer needs these documents to take KCC.
Identity Proof (Aadhar Card, Passport, Voter ID Card, etc.)
Bank account statement
property documents of agricultural land
Crop details of last two seasons
certificate of income
Some things related to KCC:
Types of Loan: Through Kisan Credit Card, farmers get the facility to avail various types of loans available in the agriculture sector, such as General Farmer Loan, Special Farmer Loan, and Supervised Farmer Loan etc.
Loan amount: Under Kisan Credit Card, farmers get loan amount according to their farming and agricultural needs.
Use of the card: Kisan Credit Card can be used by farmers to withdraw money for shopping, withdraw money from the bank, and for financial transactions.
Standing Home Loan: Kisan Credit Card provides a means to avail standing home loan for personal financial needs, thereby helping farmers ensure their financial security.
Special Benefits: By using Kisan Credit Card, farmers get financial protection, security, and convenience in credit utilization. It also provides them the facility to use banking services.