KCC Limit Increase in Budget:- In Budget-2025, Finance Minister Nirmala Sitharaman has made many big announcements for the farmers. The government has increased the Kisan Credit Card limit from Rs 3 lakh to Rs 5 lakh. In such a situation, farmers can now apply for a loan of up to Rs 5 lakh from April 1, 2025. This is going to benefit crores of farmers. So let us know in detail here the benefits of the Kisan Credit Card and how you can apply for it.
Benefits of Kisan Credit Card
The Kisan Credit Card provides farms with loans according to their needs. Farmers get loans with low interest, which easily meet their financial needs. At the same time, the government offers a 3% discount on interest on paying the loan interest, which can provide economic relief to farmers.
Debit Card and Crop Insurance
Farmers can also easily withdraw money from ATMs through a RuPay card linked to KCC. Digital payments can also be made. In addition, the crops of KCC-holder farmers can be covered under the Pradhan Mantri Fasal Bima Yojana.
How to use the KCC amount
The amount of KCC is fixed for farming. The farmer can use the KCC limit to buy seeds, fertilizers, pesticides, and DAP in this situation.
How to apply
The application process for the Kisan Credit Card is straightforward. You can apply both offline and online. You can apply at any bank, small finance bank, or cooperative.
These documents will be required.
If you are considering applying for a Kisan Credit Car, In that case, you will need proof of identity (Aadhaar card, PAN card, voter ID, driving license, etc.) and proof of address (Aadhaar card, ration card, electricity bill, water bill, etc.).