Kisan Credit Card Yojana: सरकार की इस स्कीम में मिल रहा 3 लाख का लोन, जानिए पूरी डिटेल्स

Kisan Credit Card Yojana 2024 – Complete Guide

About Kisan Credit Card Yojana

The Kisan Credit Card (KCC) Yojana was launched in 1998 to provide short‑term credit to Indian farmers for cultivation and allied activities. Under the scheme, eligible farmers can avail up to ₹3 lakhs at a low interest rate of 2 % per annum, without the need for collateral.

Key Benefits

• Low interest rate of 2 % (additional 3 % subsidy for timely repayment).
• Credit limit up to ₹3 lakhs per farmer.
• Insurance cover: ₹50,000 for accidental death and ₹25,000 for other risks.
• No collateral required; easy access to funds for seeds, fertilizers, equipment, etc.
• Eligibility for cultivators, aquaculture farmers, and tenant (pattadhari) farmers.

Eligibility Criteria

• Indian citizen farmer.
• Landholding farmer seeking credit up to ₹3 lakhs (credit above ₹3 lakhs not covered).
• Must possess basic documents (Aadhaar, land records, etc.).
• Existing loan holders can apply after clearing previous dues.

Required Documents

Participating Banks

• HDFC Bank
• Bank of India
• Axis Bank
• Punjab National Bank
• State Bank of India
• ICICI Bank
• Bank of Baroda

Interest Rate & Subsidy

• Standard interest rate: 2 % per annum.
• Additional 3 % subsidy if the loan is repaid within 1 year.
• Effective interest after subsidy can be as low as 5 % (2 % + 3 %).

Application Process

Offline Application

• Visit the nearest participating bank.
• Collect the KCC application form.
• Fill in personal details, attach required documents and passport‑size photograph.
• Submit the form to the bank officer for verification.
• After processing, the KCC will be issued within a few days.

Online Application

Currently, there is no dedicated online portal for KCC applications. Farmers must apply through the offline method described above.

Why Choose Kisan Credit Card?

• Quick access to short‑term credit for agricultural needs.
• Low interest and government subsidy reduce repayment burden.
• Insurance cover provides additional safety.
• Applicable to a wide range of farmers, including those engaged in fisheries and tenant farming.

Official Links

For the latest updates, refer to the official websites of the participating banks or the Ministry of Agriculture & Farmers' Welfare.

Related Categories

• Latest Jobs
• Government Jobs
• Results
• Admit Card
• Answer Key
• Admission
• Scholarships

FAQ

• What is the maximum credit limit under KCC? Up to ₹3 lakhs per eligible farmer.
• Can a farmer who already has a loan apply for KCC? Yes, but existing loans must be cleared before receiving a new KCC.
• Is collateral required? No, the scheme provides credit without collateral.
• What insurance cover does KCC provide? ₹50,000 for accidental death and ₹25,000 for other risks.
• Which banks issue KCC? Major public and private banks such as SBI, HDFC, ICICI, Axis, PNB, Bank of India, and Bank of Baroda.
• How long is the KCC valid? The card is typically valid for 5 years.
• Is there an online portal to apply? No, applications are processed offline at the bank branches.
• What interest subsidy is available? An additional 3 % subsidy is given if the loan is repaid within one year.
• Can aquaculture (fishery) farmers avail the scheme? Yes, they are eligible under the same criteria.
• What documents are mandatory? Aadhaar, address proof, land documents, caste (if applicable), income proof, and a passport‑size photograph.

Conclusion

The Kisan Credit Card Yojana 2024 continues to be a vital financial instrument for Indian farmers, offering low‑cost credit, insurance protection, and government subsidies. By meeting the simple eligibility requirements and submitting the necessary documents at any participating bank, farmers can quickly secure the funds needed for cultivation, allied activities, and emergency expenses, thereby strengthening agricultural productivity and livelihood.