Eligibility for Kisan credit card and other details
The farmer applying for a Kisan credit card must be at least 18 years older and no older than 75 years. Applicants over the age of 60 also need a co-applicant. A farmer can get loan of up to Rs 3 lakh for farming with Kisan credit card. This money would be paid to the farmer with an interest of 4%.
You can apply for a Kisan credit card if you are one of the following persons.
Owner-growers who are farmers individuals / joint creditors.
Tenants, sharecroppers and other farmers form self-help groups or joint liability groups.
Tenants, Share Croppers and Oral Lessees are just a few examples.
Kisan credit card documents required
To obtain the card, the farmer must provide certain documents. The following is a list of articles.
- A fully completed registration form
- Aadhar Card, PAN Card, Voter ID Card, Driver’s License, Passport, Aadhar Card, PAN Card, Voter ID Card, Driver’s License.
- Proof of Address – Voter ID, Electricity Bill, Aadhaar Card, Rental Agreement.
Banks Offering Kisan Credit Card in India
Many well-known Indian banks issue farmers with a Kisan credit card with a low interest rate. The State Bank of India, the largest public sector bank in India, offers a farmer the same, so they can cover all types of cultivation costs and contingencies. The card is issued by the Bank of India to qualified farmers who are members of the district’s operational arm.
HDFC, Bank of India, Axis Bank, PNB, Indian Overseas Bank are some of the banks that provide Ksan Credit Card facilities.
Farmers participating in the program will receive a credit / debit passbook with their name, address, land holdings details, loan limit, validity period and other information to help them keep track of their purchases regularly. The passbook includes a passport photo of the beneficiary.
While using the account, the beneficiary farmer must generate the passbook.
How to Apply for PM Kisan Credit Card Scheme Online 2021?
Step 1 – Visit PM Kisan Yojana ie pmkisan.gov.in.
Step 2: Click on the “Download Kisan Credit Card (KCC) form”
Step 3: Print the registration form
Step 4: Fill in the required information and add the necessary documents
Step 5: Submit to your nearest branch.
The Government of India (GoI) offers small farmers who have KCC a loan of up to Rs 1.6 lakh with no collateral or guarantee. According to tax and investment experts, farmers can take out KCC loan of Rs 5 lakh within three years. At 4% per year, the interest on the KCC loan is also very low.
How to Apply for Kisan Credit Card Scheme Online Through Bank Portal?
Step 1: Visit the official banking website
Step 2: Click the Options Download Kisan Credit Card (KCC) form from the drop-down menu
Step 3: Click the Apply button and enter the details carefully.
Step 4: Click on the send button
You will be assigned an application reference number. The Kisan credit card will be sent once the loan is approved.
Those active in animal husbandry and fishing can apply for agricultural loans in addition to farmers through the Kisan credit card. Nor is it a requirement that the applicant owns agricultural land. A loan of up to Rs 2 lakh can be obtained at an interest rate of 4% for animal husbandry or fishing.
The credit limit differs from lender to lender. Financial institutions, on the other hand, take into account the type of crop and the region where it is grown. In addition, as a farmer, these institutions will assess your likely income before setting the ceiling for you. Likewise, applicants should seek assistance from a bank when applying for the KCC. The banks have specially trained staff to assist applicants in completing the application and to ensure that all other conditions are met.