What is the maximum limit of Kisan Credit Card?

A flexible limit of ₹ 10, 000 to ₹ 50, 000 may be provided (as Flexi KCC) based on the land holding and crops grown including post-harvest warehouse storage related credit needs and other farm expenses, consumption needs, etc., plus small term loan investment(s) like purchase of farm equipment(s), establishing mini …

What is Kisan smart card?

Better designed Kisan Credit Card can help improve access to institutional credit and ensure crop insurance. Farmers access crop loan primarily through Kisan Credit Cards (KCC). The KCC is necessary to procure good quality inputs to raise productivity and production.

How can I get PM Kisan Credit Card?

Online

1. Visit the preferred bank’s website and visit their Kisan Credit Card Section.
2. Download & print the Application form.
3. Duly fill out the Application form.
4. Submit the application and necessary documents at the nearest bank’s branch.
5. The loan officer will share the necessary information with the applicant.

What are the features of Kisan Credit card?

Eligible farmers to be provided with a Kisan Credit Card and a pass book or card-cum-pass book. Revolving cash credit facility involving any number of drawals and repayments within the limit. Limit to be fixed on the basis of operational land holding, cropping pattern and scale of finance.

How many kisan credit cards have been sanctioned in 2021?

As per the Finance Ministry, about 1.8 Kisan Credit Cards with a credit limit of Rs 1.68 lakh crore have been sanctioned as of January 8 2021. For more information about upcoming Government Exams, visit the linked article. More exam-related preparation materials will be found through the links given below

When will the first instalment of Kisan Credit card loan be sent?

The first instalment is typically sent between 1 April and 31 July, the second instalment between 1 August and 30 November, and the third instalment between 1 December and 31 March. Most of the banks in India which offer the Kisan Credit Card (KCC) loans are looking for a longer loan repayment tenure for the loans.

What are the benefits of Kisan Credit card for farmers?

Assured availability of credit at any time enabling reduced interest burden for the farmer. Flexibility of drawals from a branch other than the issuing branch at the discretion of the bank. Eligible farmers to be provided with a Kisan Credit Card and a pass book or card-cum-pass book.