Farmers can take loans at low interest rates through Kisan Credit Card to meet their agricultural needs. The government has also made the application process easy to increase the interest of the farmers in this.
New Delhi, Business Desk. Kisan Credit Card (KCC) scheme was started with the aim of giving short-term loans to farmers in India. Farmers can take loans at low interest rates through Kisan Credit Card to meet their agricultural needs. The government has also made the application process easy to increase the interest of the farmers in this.
Benefits of Kisan credit card
Easy repayment options and
Single credit facility for all agricultural and allied requirements.
Helpful in getting cash discounts from traders or dealers along with assistance in purchase of seeds, fertilizers etc.
Repayment facility after the end of the harvest season.
Minimum documents for withdrawal of required funds.
Withdraw money from any branch of the bank across India.
Who is eligible for Kisan Credit Card
If you are a farmer, belong to a group and are a joint borrower. Tenant farmer, sharecropper or oral lessee. A self-help group or joint liability group of sharecroppers, farmers, tenants etc. is also eligible for Kisan Credit Card.
What documents are required for Kisan credit card
As per Reserve Bank of India (RBI) guidelines, the documents required for Kisan Credit Card application should be as per the internal guidelines of the issuing bank and each bank has a different set of required documents.
