Kisan Credit Card, Eligibility Criteria, Features & Objectives, Apply Online

The Kisan Credit Card (KCC) is a special credit scheme introduced by the Government of India to provide financial support to farmers in the country. It aims to provide timely and affordable credit for agricultural activities, helping farmers meet their production and investment needs. The Kisan Credit Card scheme is implemented by various banks in collaboration with the National Bank for Agriculture and Rural Development (NABARD).

Kisan Credit Card Overview

Name Kisan Credit Card
Purpose To provide farmers with timely and adequate credit for their agricultural needs.
Issuer Various banks and financial institutions in India.
Eligibility Farmers (individuals/joint cultivators, tenant farmers, oral lessees, sharecroppers, etc.) and agriculturalists.
Credit Limit Determined based on the cropping pattern, scale of finance, cultivation cost, and other factors.
Validity Usually for 5 years, subject to renewal.

Objectives of the Kisan Credit Card Scheme

  1. Provide timely and adequate credit to farmers for their agricultural activities.
  2. Enable farmers to have easy and flexible access to credit.
  3. Reduce the dependence of farmers on informal credit sources with higher interest rates.
  4. Facilitate the purchase of inputs like seeds, fertilizers, pesticides, etc.
  5. Support post-harvest expenses, marketing, and consumption needs.
  6. Enhance the productivity of agriculture through timely credit availability.

Eligibility Criteria for Kisan Credit Card

The eligibility criteria for obtaining a Kisan Credit Card vary slightly from one bank to another, but in general, the following criteria are considered:

  1. The applicant must be a farmer engaged in agricultural activities.
  2. Landowners, sharecroppers, tenant farmers, and oral lessees are eligible.
  3. The applicant must have a valid identity proof (Aadhar card, voter ID, etc.) and land ownership/lease documents.
  4. Age of the applicant should be between 18 and 75 years.

Features of Kisan Credit Card

  1. Credit Limit: The card provides a credit limit based on the cropping pattern, scale of finance, and the farmer’s repayment capacity.
  2. Flexible Withdrawals: Farmers can make withdrawals from the credit limit as per their requirements, which provides flexibility in managing their finances.
  3. Interest Subsidy: The government often provides interest subsidies to farmers on KCC loans, reducing the cost of borrowing.
  4. Easy Repayment: Farmers can repay the loan amount in installments aligned with their crop harvesting and income generation cycle.
  5. Renewable: The credit card is usually valid for a certain period (usually 5 years), and farmers can renew it based on their repayment history.
  6. Multiple Uses: KCC can be used for multiple purposes, including crop production, post-harvest expenses, purchase of agricultural equipment, and consumption needs.
  7. Insurance Coverage: Some KCCs also include insurance coverage for the farmer and their crops to provide financial protection in case of unforeseen events.

Applying for a Kisan Credit Card

To apply for a Kisan Credit Card, follow these steps:

  1. Visit the nearest bank branch that offers the KCC scheme.
  2. Collect the application form and necessary documents required for verification.
  3. Fill out the application form with accurate information.
  4. Submit the application form along with the required documents to the bank.
  5. The bank will process your application and verify the provided information.
  6. Once approved, you will receive your Kisan Credit Card along with details about the credit limit and terms.

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Documents Required for Kisan Credit Card

The specific documents required for a Kisan Credit Card (KCC) application can vary depending on the bank or financial institution you’re applying to, as well as any specific requirements set by the local regulatory authorities. However, here are some common documents that are often requested during the KCC application process:

  1. Identity Proof:
    • Aadhar Card
    • Voter ID
    • Passport
    • PAN Card
  2. Address Proof:
    • Aadhar Card
    • Voter ID
    • Utility bills (electricity/water bill)
    • Bank statement
  3. Land Ownership Documents:
    • Land records or title documents indicating ownership or leasehold rights over agricultural land.
  4. Passport-sized Photographs:
    • Usually, a few passport-sized photographs of the applicant are required.
  5. Caste Certificate (if applicable):
    • In some cases, a caste certificate may be required for individuals belonging to specific categories for availing certain benefits.
  6. Income Proof:
    • Proof of agricultural income, such as crop sale receipts, income certificates, etc.
  7. Bank Account Details:
    • Information about the applicant’s existing bank account, where the credit card funds will be deposited.
  8. Land Valuation Certificate:
    • Some banks might require a land valuation certificate to determine the credit limit.
  9. Other Agricultural Documents:
    • Documents related to cropping pattern, agricultural practices, and expected yields.
  10. Loan Application Form:
    • The bank-specific application form for KCC, which can be obtained from the respective bank or financial institution.

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