The Kisan Credit Card (KCC) scheme offers farmers easy access to credit at affordable rates for agricultural needs. Here’s everything you need to know:
What is the KCC Scheme?
- Launched to provide timely credit to farmers at different stages of farming.
- Simplifies access to funds for agricultural expenses under a single-window system.
Key Benefits of KCC
- Loan up to ₹3 lakh at a 7% interest rate.
- Interest subvention of 3% for prompt repayments – bringing the rate down to 4%.
- No processing, documentation, or service charges for loans up to ₹3 lakh.
- Flexible repayment options based on the crop cycle.
Important Details
- Loans above ₹3 lakh – interest rates and fees vary as per the bank’s policy.
- Digital land records are accepted for KCC applications.
- In case of incomplete land digitization, Tehsildar certificates are accepted by some banks.
How to Apply for KCC Online
- Visit the bank’s website where you want to apply.
- Select the Kisan Credit Card option.
- Click on Apply to access the application form.
- Fill in the required details and submit.
- Receive an application reference number.
- The bank will contact eligible applicants within 3-4 working days.
The KCC scheme aims to reduce financial strain and empower farmers with better credit facilities. Apply now to benefit from this government-backed initiative!