How to Apply Kisan Credit Card

A Kisan credit card was created specifically for farmers and has numerous agricultural characteristics and advantages. Every farmer can afford the KCC plans' flexible payment terms and low interest rates.

Overview

The Indian government wants to get rid of other lenders who give farmers high-interest loans. Every farmer can afford the Kisan Credit Card (KCC) plans‘ flexible payment terms and low interest rates. According to the harvest season, farmers are obliged to repay. As interest rates only range from 2% to 4%, it is a practical method for all farmers. Additionally, Indian farmers are given a credit limit, which is useful for buying additional farm machinery.

Features and Benefits of Kisan Credit Card:

1. Check your eligibility: The eligibility criteria for a Kisan Credit Card loan scheme varies by bank, but generally, you must be a farmer or an agriculturalist with a certain amount of landholding. Check the bank’s website or visit a branch to confirm the specific requirements.
2. Gather required documents: You will need to provide documents such as land records, identity proof, address proof, and income proof. Check with the bank to confirm the specific documents required.
3. Apply online or offline: You can apply for a Kisan Credit Card loan online through the bank’s website or by visiting a branch in person. Follow the instructions and complete the application form, providing accurate and complete information.
4. Wait for verification: Once you have submitted your application, the bank will verify your documents and other details. Depending on the bank’s procedures, this process may take several days or weeks.
5. Get approval and credit limit: After verifying your details, the bank will approve your Kisan Credit Card loan application and set a credit limit based on your eligibility and credit history.
6. Receive your KCC: The bank will issue your Kisan Credit Card, debit card, and smart card. You can use these to access your credit limit and make purchases or withdrawals as needed.
7. Repay the loan: The Kisan Credit Card loan typically has a repayment period of up to three years, depending on the bank’s policies. You can repay the loan in installments or as a lump sum.
8. Use the loan for agricultural needs: The Kisan Credit Card loan can be used for a variety of agricultural needs, including crop cultivation, livestock rearing, purchasing equipment, and post-harvest expenses. Use the loan wisely to improve your farming operations and increase your income.

Eligibility Criteria for the Kisan Credit Card Loan Scheme

1. Owner-cultivator: Any farmer who cultivates crops on their land can apply for the KCC.
2. Joint borrowers: Group owner-cultivators can also apply for the KCC as joint borrowers.
3. Sharecroppers, tenant farmers, and oral lessees: These individuals are eligible for the KCC if they provide proof of their landholding and agricultural activities.
4. Self-help groups (SHGs) and joint liability groups (JLGs): These groups can apply for the KCC if they consist of sharecroppers, farmers, tenant farmers, and other individuals involved in agricultural activities.
5. Farmers involved in crop or allied activities: The KCC is available to farmers involved in crop production, animal husbandry, and non-farm activities such as fishing.

Documents Required to Apply for the KCC Loan Scheme

1. A duly completed and signed application form.
2. A copy of a valid identity proof document like an Aadhaar card, PAN card, Voter ID, or driving licence.
3. A copy of a valid address proof document like an Aadhaar card, PAN card, Voter ID, or driving licence with the applicant’s current address.
4. Proof of land ownership or leasehold agreement.
5. One passport-size photograph of the applicant.
6. Any other documents the issuing bank requested, such as post-dated cheques for security purposes.

Qualification Standards for Kisan Credit Card (KCC) Loans

• The petitioner needs to be the cultivator or landowner.
• The group should own the land when there are joint group debtors.
• Sharecroppers, tenant farmers, and oral lessees are all eligible to seek loans under the plan.
• applicants from tenant associations, joint liability entities, and other self-help organisations
• Fishermen and farmers who raise animals are also eligible.

Where to Apply for a PM KCC?

If you desire to receive a KCC, applying directly through a Common Service Centre is indeed the way to go. Below is a detailed explanation of the procedures you must take. 

• Step 1: Visit the PM Kisan Credit Card’s provider bank’s official website.
• Step 2: On the website, look for and download the credit card application. 
• Step 3: Fill out the form by hand. Enter all the necessary information, including your name, address, and information on your land holdings and crops, among other things. 
• Step 4: At a Common Service Centre (CSC) nearby or the bank branch, sign and turn in the completed form with the relevant papers. 

That’s it! Your application will be completed, and the KCC will be sent to the address you gave after successful verification.

Application Procedure for a Kisan Credit Card

Farmers eventually fall into a debt trap as a result of high-interest loans from the black market. The PM Kisan Credit Card Scheme was introduced by the Indian government in 1998 to eliminate this. The KCC lending program was proposed by NABARD (National Bank for Agriculture and Rural Development).

These loans, which are issued especially to farmers, have low interest rates and flexible payback terms. So, farmers may pay for their farming supplies effortlessly, without any fuss. All farmers who are enrolled in the PM Kisan program are qualified to acquire a KCC, according to the Union Budget 2020. Fortunately, applying for the PM Kisan Credit Card is straightforward. Farmers who meet the requirements can apply for the KCC locally or online.

Process of PM KCC Applications Both Online and Offline

If you are qualified for the PM KCC, register for the same both online or offline, according to your convenience. Any bank that sells this product has a webpage where you may apply for this card online. To apply for this Kisan Credit Card offline, you may alternatively go in person to the bank location.

STEPS: PM Kisan Credit Card Apply Online

Apply via the website of any bank that provides this service if you desire a Kisan card. The specific steps for applying for a PM Kisan credit card online might differ significantly between banks. However, in general, this is what you must accomplish.

• Step 1: To start the online application for a KCC, go to the bank’s official website.
• Step 2: Choose “Kisan Credit Card” under “Cards.”
• Step 3: Choose “Apply” from the menu.
• Step 4: Complete the online PM Kisan Credit Card application process with the necessary information.
• Step 5: Then click “Submit.”

After submitting the KCC application form, you will be given a reference number that will allow you to register for the PM KCC online. Within 3 to 4 working days, the bank will respond to you with the status of your application for a KCC.

Steps: Apply Kisan Credit Card Application Offline

You may also apply for a KCC offline at a bank office if you don’t want to do it online. To complete this offline, you must adhere to the given procedures.

• STEP 1: Download the KCC application form in PDF format from the PM Kisan website.
• STEP 2: After completing the form, go to the closest bank office that provides the KCC program.
• STEP 3: To start the offline application for a Kisan Credit Card, provide the properly filled out form to the bank.
• STEP 4: The loan representative from the bank will then inform you of the credit card loan amount.

Kisan Credit Card Loan Application

1. Identify the bank that offers KCC loans and visit their website.
2. Look for the Kisan Credit Card loan application form on the bank’s website.
3. Download the application form and fill it in with accurate and complete details.
4. Collect all the necessary documents required for the application process.
5. Submit the application form along with the necessary documents to the nearest branch of the bank.
6. Once your application is received, the bank will review your eligibility and the supporting documents.
7. If your application is approved, the bank will issue you a Kisan Credit Card with a credit limit based on your eligibility and requirements.
8. You can start using the Kisan Credit Card to meet your agricultural and allied financial requirements.

Kisan Credit Card Loan Usage

1. Meeting the credit requirements of agricultural production such as cultivation, harvesting, and marketing of crops.
2. Purchasing inputs such as seeds, fertilizers, pesticides, and other necessary agricultural equipment and machinery.
3. Investment credit for agricultural requirements such as the purchase of dairy animals, pump sets, etc.
4. Purchase of agricultural machinery and equipment like tractors, power tillers, threshers, etc.
5. Construction, repair, or renovation of storage facilities, irrigation systems, and other infrastructure related to agricultural activities.
6. Meeting expenses related to post-harvest activities such as storage, transportation, and processing of crops.
7. Working capital requirements for maintaining livestock, fisheries, and other allied activities.
8. Loans for non-farm activities such as rural housing and cottage industries.

List of Banks Offering the Kisan Credit Card

The KCC program is provided by several well-known Indian banks. The following is a list of some of the well-known banks where you may apply for a KCC. Examine the scheme’s essential components.

• Axis Bank

  • Maximum credit of ₹2.50 Lakhs
  • Term loan and cash credit options
  • Maximum one-year cash credit repayment term
  • term loans have a maximum payback period of seven years.
  • Dedicated relationship manager to provide advice and guarantee simple transactions
  • No-cost accidental protection up to ₹50,000

• State Bank of India

  • Interest is paid on credit balances at the savings bank rate.
  • Loans have a 5-year term with an annual cap rise of about 10% that is subject to revision. For loans up to ₹3 lakhs, there is a 3% interest subvention.
  • Repayment time varies according to the crop’s marketing and growing cycles.
  • Rupay debit cards for all KCC debtors who qualify

• HDFC Bank

  • Certain forms of agricultural loans are covered by insurance under the National Crop Insurance Scheme.
  • Insurance against ruined crops
  • Chequebook with a ₹25,000 credit limit
  • ₹3 lakhs are the credit limit.
  • The card is good for five years.
  • A 12-month credit term
  • Loan repayment is possible following crop harvest and sale.

How to Check Kisan Credit Card Status?

The Indian Prime Minister has introduced the KCC to address the farmers’ short-term financial demands as well as their growth and stability.

It is crucial to be aware of the PM Kisan Credit Card’s status. Follow these few methods to quickly verify your status:

1. Go to https://eseva.csccloud.in/KCC/Default.aspx. then go to the CSC PM KCC Portal.
2. After checking in to their site with your CSC ID and password, click “View Status.”

That’s it! You will need to input the KCC application ID you were given on a new page that will come up. The screen will now display the PM Kisan Credit Card Status.

Interest and Other Charges 

The interest rate on the KCC differs from one bank to another, along with its credit limit. However, the interest rate of KCC can be as low as 2% and averaging at 4%. In addition, there are certain subsidies and schemes that the government offers farmers about the interest rate. These would depend on the cardholder’s repayment history and general credit history. Other fees, such as processing fees, insurance premiums (if applicable), land mortgage deed charges, etc., would be set at the issuing bank’s discretion.

Customer Care

Suppose you have any questions or concerns about the Kisan Credit Card loan scheme. In that case, you can reach out to the Kisan Credit Card customer care team for assistance.

Conclusion

To connect over the phone, all you have to do is dial either 011-2430 0606 or 1800 115 526. Alternatively, you may send an email to pmkisan-ict@gov.in if you like.

If you have any issues or grievances, you can get them resolved by calling the specialists at Vakilsearch and receiving the solutions to your queries about the Kisan Credit Card plan in just a few minutes.

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