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Kisan Credit Card Scheme 

Image Credit :-  krishijagran

Launched in 1998 by the govt. of India, the Kisan Credit Card Scheme theme aims to produce short formal credit to farmers. This theme particularly focuses on farmers engaged in farming, fisheries,  agriculture, etc.

Here We Discuss About Kisan Credit Card Scheme:-

  • guarantee promoting loan. 
  • provide capital for maintaining farm assets and activities associated with allied  sectors together with dairy farm animals, horticulture, agriculture, and upcountry fisheries. 
  • Fund investment credit demand for agriculture and allied sectors for getting pump sets, sprayers, dairy farm animals, etc. 
  • provide short credit facility for rearing birds, fishes, shrimps, and different aquatic  animals. 

Features and advantages of Kisan Credit Card Scheme theme 

        The options of Kisan Credit Card Scheme  area unit as follows – 

  • Qualified farmers can get a Kisan Credit Card Scheme  and record or card humour record. 
  • Farmers will get the power of rescheduling loans just in case of injury to crops thanks to  natural calamities. the govt. of India has return up with a replacement theme named Kisan Credit Card Scheme.
  • (KCC) to scale back informal credit access among farmers concerned in agriculture, farming,  fisheries. 

       What Is the Kisan Credit Card Scheme  Yojana? 

 Through Kisan Credit Cards Scheme , farmers area unit given a credit limit that they’ll use to get instrumentation and canopy different expenses. The Kisan Credit Card Scheme  Yojana is enforced by NABARD (the commercial bank for  Agriculture and Rural Development).

   The main objectives of this theme:- 

  • Meet short credit desires for crop cultivation.
  • cowl post-harvest expenses. 
  • Farmers can avail of a Kisan Credit Card Scheme limit (credit) supported operational land  holding, cropping pattern and scale of finance. 
  • Banks with the authority need to decide sub-limits to hide short term, medium term and term credit. 
  • Kisan Credit Card Scheme comes with a validity of five years and is subject to annual review.
  • Note: Farmers having smart performance will relish incentives, i.e., higher  credit limits to manage accumulated prices, amendment in cropping pattern, etc. 
  • The banking company of India takes selections regarding margin, security, rate of interest,  etc. 
  • Production credit necessities for a year along side supportive activities associated with  crop production are determined whereas fixing the limit. 
  • Kisan Credit Card Scheme connected operations are done through provision branches, PACS just in case of Cooperative Banks and thru different selected bank branches. 
  • Farmers will withdraw through slips or cheques in the middle of a card and record. 
  • Crop loans underneath the Kisan Credit Card Scheme theme area unit additional lined underneath the Crop  Insurance theme. This theme protects farmers against any reasonably loss caused  by natural calamities, pesterer attacks etc. 

         the Kisan Mastercard  merits These area unit –

  •  Ensures simplified disbursement procedures 
  • This government-backed card brings flexibility in handling money and connected  matters. 
  • This theme eliminates the requirement to use for a loan for each crop 
  • PM Kisan mastercard ensures immediate credit access that helps scale back the  interest burden for the farmer. 
  • Through this card, farmers should purchase seeds, fertilizers as per the farming demand 
  • Farmers will pick three years of credit facility. 
  • Farmers concerned in agriculture, farming, etc., will avail the utmost  credit limit on the premise of agriculture financial gain 

  • KCC PROS:-

  • they’ll withdraw loan amounts supported the credit limit. 
  •  Relish the advantage of repaying solely when harvest. 
  • Further, this card helps to avail discounts from dealers. 
  • Security, margin and documentation rules rely on agricultural advance 
  • Kisan mastercard theme takes care of the complete year’s credit demand. straightforward documentation makes withdrawal even easier. 
  • Farmers will relish flexibility in retreating money and buying inputs. 
  • Also, they’ll relish the pliability of withdrawals from a branch (other than the provision branch) at the discretion of the bank.

        Suitable Criteria of Kisan mastercard theme.

          Following could be a list of Kisan mastercard eligibility, 

  • The age of the candidates or farmers should be between 18-60 years previous. • candidates (individuals/groups of people) should own agricultural land. 
  • just in case individuals/groups of individuals don’t have their own land, they need to take  rented land for cultivation. 
  • Lands of farmers should be agriculturally active i.e. turn out crops.
  • The eligibility criteria of Kisan Credit Card Scheme  for fisheries and animal farming is mentioned :- Fish farmers, fishers, SHGs, JLGs, and girls teams (Inland fisheries and  aquaculture) 

           Note: Applicant should own or lease any fishery-related activities. this might embody leasing a pool, a hatchery, a tank etc.

  • candidates should own a registered work boat or the other vessel. Note: they need to  have permission for fishing within the ocean or body of water. (Marine fisheries) 
  • Farmers, dairy farm farmers, tenant farmers, SHGs, JLGs World Health Organization own, lease, or rent shed.  (Dairy) 
  • Individual or joint borrowers, tenant farmers, SHGs, JLGs of sheep, birds, poultry,  rabbits, goats, pigs and have sheds of their own/ taken on rent/ chartered . (Poultry) the way to Apply for a Kisan Credit Card? 

         Farmers will apply for Kisan Credit Cards Scheme each on-line and offline. each the processes area unit mentioned below, 

      Apply Kisan Mastercard on-line :- 

  • Step-1- Visit the official web site of any nationalized bank and navigate to the  section of Kisan mastercard. 
  • Step-2- transfer and print the appliance type. 
  • Step-3- Fill within the form with correct details and submit it with essential  documents. 
  • Step-4- Once the loan quantity is sanctioned, farmers can receive the cardboard. Apply for Kisan mastercard – Offline Procedure 
  • Step-1- Visit any most well-liked bank. 
  • Step-2- Collect the appliance type and fill it in with details. 
  • Step-3- Submit the shape along side different needed documents (discussed below) to method the appliance. 

        The documents needed for Kisan mastercard embody – 

  • punctually filled-in and signed-in form

Address proof document (Aadhaar card, ID, driver’s licence, PAN card, elector ID) • Identity proof (Aadhaar card, driver’s licence, PAN card, Voter ID, etc.) • Land documents

alternative documents as requested by the issue bank Farmers willing to see Kisan mastercard standing will visit the CSC PM  Kisan mastercard portal and follow the method mentioned below,

  • Process-1- go surfing to the portal exploitation CSC ID and therefore the word and click on on ‘View  Status’.
  • Process-2- a replacement webpage can open. Here, enter the Kisan mastercard application  ID. 
  • Process-3- Farmers will read application standing.
  •    A passport-size photograph

      What Is the Interest and alternative Charges Applicable on Kisan Credit Cards? 

  • KCC Interest Rate: reckoning on credit limit, the interest rates and  charges on Kisan mastercard vary from one bank to a different. Usually, the interest  rate ranges between 2%-4%. In sure cases, farmers will get subsidies on interest  rates supported their compensation history, credit score. 
  • Kisan mastercard Charges: Charges (processing fees, land title  charges etc.) of Kisan mastercard disagree from one bank to a different. 
  • Kisan mastercard compensation Period: KCC theme comes with a compensation amount of five year

          What Are the Top Kisan Credit Cards Scheme by Banks?

        The  list of banks offering Kisan Credit Card Scheme – 

  • Axis Bank
  • Bank of India 
  • HDFC Bank 
  • State Bank of India 
  • ICICI Bank 
  • Central Bank 
  • Union Bank of India 

Kisan Credit Card Scheme  Toll-free number 155261 / 1800115526 

Kisan Credit Card Scheme  Email 
For ICT-Related Queries
For Fund Transfer-Related Queries
For Scheme-Related Queries

pmkisan-ict@gov.in 

Solicitude Person-Dr Ranjna Informatics Center Email- pmk

Concerned Person-Shri BimbaFinancial Advisor Krishi Bhawfunds@gov.in Concerned Pers & Accounts Secretary DepartmFarmers Welfare, Krishi Bhaw

Concerned Person- Shri SanjayAgriculture, Cooperation & FaDelhi 110001

For Scheme-Related Queries 

For Scheme-Related Queries

Ref: mailto:pmkisan-ict@gov.in 

Concerned Person- Shri Rajesh Of Agriculture, Cooperation & Delhi 110001 

care Person – Shri Vivek KISAN, Department of AgricuKrishi Bhawan New Delhi 110

The  discusses Kisan Credit Card, its features, benefits,  application process and many other details. Read these details carefully  and get your own Kisan Credit Card Scheme .

Click here for apply  

 You can check Farmer Quotes Here

 

 

Summary