Who is eligible for KCC loan?
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Who is eligible for KCC loan?
The applicants must be able to pool out a production credit of Rs. 5,000 or more to become eligible for the KCC. The KCC can be availed of for crop production, non-farm activities or other allied undertakings. To avail of Kisan Credit Card, the farmers must prove their identity and address.
What is KCC loan in SBI?
State Bank of India offers the Kisan Credit Card scheme to farmers to provide them with the required credit for crop production, emergency expenses, allied agricultural activities, etc. The loan is disbursed to farmers using a simple sanction process with easy documentation.
How can I apply for KCC online?
KCC Yojana Online Apply through PM Kisan Portal
- On the homepage, click on “Download KCC Form” tab.
- PDF form of KCC application form will appear.
- Print the application form.
- Fill the required details in the application form.
- Attach all the necessary documents and visit the concerned bank.
What is the interest rate of SBI KCC?
SBI KCC Interest Rate 2021
| Loan Amount | Interest Rate (Per Annum) |
|---|---|
| Up to Rs. 3 Lakh | Base rate plus 2 percent = 11.30 percent |
| Rs. 3 Lakh to Rs. 5 Lakh | Base rate plus 3 percent = 12.30 percent |
| Rs. 5 Lakh to Rs. 25 Lakh | Base rate plus 4 percent = 13.30 percent |
What are the benefits offered by the SBI KCC?
Some of the important benefits offered by the SBI KCC are: For a loan of around Rs.3 Lakh, interest subvention available at 2 percent per annum SBI has taken a step to support the Indian farmers by sanctioning their loan application with a low-interest rate and flexible tenure.
How to apply for SBI kisan credit card online?
Individual, tenant farmers, landowners, and sharecroppers are eligible for the SBI Kisan credit card. Farmers can either request the application form from the nearest branch of the State Bank of India or download its PDF from the SBI official website. Kisan credit card online apply sbi form is available.
What is a Kisan Credit Card (KCC)?
Kisan Credit Card (KCC) is aimed at providing loans to farmers at a low rate of interest. Kisan Credit Card (KCC) is aimed at providing loans to farmers at a low rate of interest. Farmers can avail a loan as and when they require. Several banks such as State Bank of India (SBI) offer the facility of availing KCC.
What are the SBI KCC interest rates for farmers?
SBI KCC interest rates for borrowers having a total credit limit under Rs. 25 Lakh – The farmers get an interest subvention up to 2\% a year from the government. If they repay the loan before the due date, then 1\% extra subvention is granted to the borrower.
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