Who is eligible for Kisan Credit Card?
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Who is eligible for Kisan Credit Card?
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.
How a farmer can get credit card?
Kisan Credit Card: Documents required 1- A copy of any one of the identity proof– PAN Card, Aadhaar Card, Voter ID, Driving License. 2- A copy of any one of the address proof– Aadhaar Card, Voter ID, Driving License. 3- Documents of land. 4- Applicant’s passport size photographs (2 photos).
What is the validity period of the Kisan Credit Card?
5 years
What is the validity period of the Kisan Credit Card? This validity period is 5 years.
What is the interest rate of Kisan Credit Card?
Kisan Credit Card Interest Rates
| Banks providing Kisan Credit Cards | Kisan Credit Card Interest Rate |
|---|---|
| PNB Kisan Credit Card | Min. 4\% p.a. |
| HDFC Bank Kisan Credit Card | Max. 16.69\% p.a. | Min. 9\% p.a. |
| Axis Bank Kisan Credit Card | 8.85\%, interest subvention provided |
| Mahabank Kisan Credit Card | Min. 7\% |
What is PM Kisan Credit Card?
The Kisan Credit Card scheme is a Government of India scheme which provides farmers with timely access to credit. The Kisan Credit Card (KCC) scheme was launched in 1998 with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development).
What is the validity of Kisan Credit Card?
The validity period is five years, with an option to extend for up to three more years. Kisan Credit Card (KCC) offering credit to the farmers in two types viz, 1.
What is the Kisan Credit card scheme?
Kisan Credit Card, a government of India scheme is meant to save the Indian farmers from the burden of high-interest rates charged by the money lenders in the unorganized sector. The repayment schedule will match with the crop harvesting and marketing season, it will help farmers.
What are the benefits of Kisan Credit card for farmers?
The farmer won’t be required to appear for the continuous screening process which is undertaken by the banks for giving term loans. A farmer can take maximum advantage of a Kisan credit card. He will be provided with a passbook which will have his name, credit limit, photograph, validity and details of his land holding.
How to apply for kisan credit card in Axis Bank?
Axis Bank also offers the farmers of the country a Kisan credit card so that they can meet their multiple needs. The need can be related to buying of seeds, repairing of the farm machinery or even for the marriage of the children. You can apply for the card visiting the nearest branches of banks such as SBI.
Should Kisan Credit Card (KCC) loan repayment period be longer?
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. This has been suggested as the agriculture sector is under significant pressure.