Is there any insurance on Kisan Credit Card?

Another significant Kisan Credit Card feature is its accident insurance. KCC holders are covered against financial losses of up to Rs. 50,000 against death, permanent total disability, and loss of limbs or eyes.

Is crop insurance mandatory for KCC?

13.2 Besides the mandatory crop insurance, the KCC holder should have the option to avail the benefit of any type of asset insurance, accident insurance (including PAIS), health insurance (wherever product is available) and have premium paid through his/her KCC account.

What if KCC holder dies?

In case of death, the cardholder’s family gets Rs 50,000. In case of loss of both limb or both eye or one limb and one eye, the cardholder gets Rs. 50,000.

Does Kisan Credit Card provide long term credit?

Salient features Scheme Entire production credit needs for full year plus ancillary activities related to crop production to be considered while fixing limit. Sub-limits to cover short term, medium term as well as term credit are fixed at the discretion of banks. Card valid for 5 years subject to annual review.

What is PM Kisan Credit Card Scheme?

Kisan Credit Card – What Is It. The Kisan Credit Card was launched in 1998-99 by the government of India in association with the Reserve Bank of India and the National Bank for Agriculture and Rural Development (NABARD) to provide a much-needed relief to debt-ridden farmers.

What is Kisan Credit Scheme?

The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs.

What is the rate of interest for Kisan Credit Card?

Kisan Credit Card Interest Rates