Kisan Credit Card (KCC) is the most popular scheme among farmers. The KCC scheme was launched in 1998 with the aim of simplifying the loan process for farmers. It provides loans to farmers for agricultural purposes. Under this scheme, farmers are provided loans at an interest rate of 4%. The minimum age for applicants under this scheme is 18 years and there is no maximum age limit. A maximum loan of Rs 3 lakh can be taken under this scheme. The maximum loan tenure is 5 years. The validity of the Kisan Credit Card is also 5 years.
Earlier, KCC loans required a guarantee for loans above Rs 1.60 lakh. Now, RBI has increased the limit of guarantee-free loans to Rs 2 lakh. This means you can get a loan of up to Rs 2 lakh without any guarantee.
How to apply for KCC loan?
Step 1: Go to the website of the bank from which you want to apply for the Kisan Credit Card Scheme.
Step 2: Here you select Kisan Credit Card from the list of options.
Step 3: On clicking Apply Now, the website will take you to the application page.
Step 4: Fill the form with the required details and click on Submit.
Step 5: Now you will get an application reference number. If you are eligible for the scheme, the bank will contact you within 3 to 4 banking working days.
These documents are required:-
- Application form
- Two passport size photographs
- ID proof like- Driving license / Aadhaar card / Voter ID card / Passport
- Address proof like- Driving license, Aadhaar card
- Proof of land certified suitable by the Revenue Authority
- Crop pattern
- Security documents for loans above 2 lakhs
ALSO READ–pv sindhu got married , first pic out
