The Kisan Credit Card (KCC) scheme was launched in the year 1998. The scheme was implemented on the recommendation of NABARD (National Bank for Agriculture and Rural Development). Kisan Credit Card has made the loan process easy and accessible for farmers, enabling them to purchase seeds, fertilizers, pesticides and other agricultural inputs on time. Kisan Credit Card is playing an important role in providing financial support to farmers and easily meeting the expenses related to agriculture.
Finance Minister Nirmala Sitharaman has given a big gift to the farmers in the budget. In the budget, the loan limit (loan limit) given under Kisan Credit Card has been increased from 3 lakh rupees to 5 lakh rupees. This decision of the government will benefit crores of farmers of the country. The Economic Survey 2024-25 tabled in Parliament on Friday stated that the number of Kisan Credit Cards (KCC) in the country stood at 7.75 crore till March 2024. Loans worth Rs 9.81 lakh crore have been given to farmers under Kisan Credit Card.
Kisan Credit Card Loan
| Scheme Name | Kisan Credit Card |
| Loan Amount | Up to 5 Lakh |
| Application Mode | Online |
Who can get this credit card?
Apart from agricultural work, farmers involved in fisheries, dairy farming, animal husbandry and horticulture also benefit from Kisan Credit Card Scheme. Some criteria have been set for this. Like being an Indian citizen and the age of the farmer being between 18 to 75 years etc.
Kisan Credit Card Interest
Under the Kisan Credit Card, farmers are currently given a loan of up to Rs 3 lakh, which has now been increased to Rs 5 lakh in the budget. Kisan Credit Card has an interest rate of 7 percent per annum. The government also provides subsidy on interest to provide relief to the farmers. If farmers repay the loan on time, they get a 3% interest subsidy, making the effective interest rate of the Kisan Credit Card 4%.
How is Kisan Credit Card issued?
The process of getting Kisan Credit Card is easy. Farmers can avail it from government and private banks, rural banks and cooperative societies. Kisan Credit Card can be applied both offline and online. Farmers can visit their nearest bank branch and fill the application form for Kisan Credit Card. Necessary documents like Aadhaar card, PAN card, some land documents and passport size photograph have to be submitted along with the application.
How To Apply?
Farmers can also apply online through the PM Kisan scheme website or the respective bank website. We are telling you step by step process to fill online form to get Kisan Credit Card from State Bank of India…
- Go to SBI official website https://sbi.co.in/web/personal-banking/home
- In this go to Agriculture & Rural tab.
- Go to Crop Loan here and select Kisan Credit Card option.
- Here you will find the application form. Download, fill and submit it.
- Bank itself will contact you within 3-4 days and start the Kisan Credit Card creation process.
Important Links
| Official Website | Click here |
| SBI Kisan Credit card | Click here |
| Visit Homepage | Click here |