Kisan Credit Card

Purpose

Kisan Credit Card (KCC) loan for the agriculture sector provides timely and adequate credit for farmers through simplified procedures. The Kisan Credit Card loan is sanctioned to farmers for the purpose of

  • Short-duration crop cultivation/production
  • To meet everyday working capital requirements or post-harvest needs
  • Annual maintenance of plantation/long-duration crops
  • Purchase/Repair/Maintenence of farm machinery/ infrastructures

Eligibility

Eligibility
  • All Farmers- Individuals/ Joint Borrowers who are owner cultivators.
  • Tenant Farmers, Oral Lessees and Share Croppers.
  • Self Help Groups or Joint Liability Groups of Farmers including tenant farmers, Sharecroppers, etc..

Documents Required:
  1. Application Form
  2. Passport size photo of applicant
  3. ID and Address proof (Driving License / Aadhar Card / Passport/….)
  4. Land Tax Receipt of the current financial year
  5. Possession certificate
  6. Security documents required (Depending on the sanctioned amount)
  7. Any other documents required

Interest Rates & Charges

Principal amount up to ₹ 500000 @ 7 % Interest Rate with  Three Year Duration. (Loans up to 3 Lakhs will get a 3% Interest Subvention)