What is interest rate on KCC?

4\%
Interest and Other Charges on Kisan Credit Cards The interest rate on the KCC differs from one bank to other along with its credit limit. However, the interest rate of KCC can be as low as 2\% and averaging at 4\%.

Is KCC a cash credit?

The KCC allows cash credit to farmers to take care of crop related expenses like seeds, fertilizers, pesticides, electricity and diesel charges etc. It also offers term credit for allied activities like buying equipment, land development and drip irrigation.

What are the advantages of KCC?

Benefits of a Kisan Credit Card The process to disburse credit to the farmers has become easier and even those who are illiterate have benefited from the same. The farmer gets flexibility when it comes to repaying the loan amount. There is a provision to increase the credit limit depending upon the agricultural income.

What is the benefits of KCC?

KCC holders are covered against financial losses of up to Rs. 50,000 against death, permanent total disability, and loss of limbs or eyes. They only have to pay a premium of Rs. 15 for single year policy and Rs.

What are the benefits of KCC?

What is the difference between KCC and crop loans?

Crop loans provide farmers with necessary credit to help them meet their working capital needs. KCC is a type of crop loan that banks offer. However, the KCC loan can be used for a number of other purposes and not just to meet working capital requirements.

What is the Kisan Credit Card (KCC) loan?

KCC is a type of crop loan that banks offer. However, the KCC loan can be used for a number of other purposes and not just to meet working capital requirements. What is the validity period of the Kisan Credit Card? This validity period is 5 years.

What is the rate of interest on KCC loan in India?

The facility is intended to meet the day to day expenses required for raising crops and other allied activities like dairying, sheep rearing etc. The rate of interest up to KCC limit of RS 3.00 lakhs is 7\% PA simple. Interest subsidy to the extent of 3\% is available from Central and State government.

What is the meaning of keykcc loan?

KCC loan is key cash credit loan which is like physical mortgage of the securities against which loan is sanctioned by the bank. The securities in this case are under the direct supervision,control of the back.