PM Kisan Credit Card Online: A large part of India’s economy depends on agriculture. To support farmers, the Government of India has launched the PM Kisan Credit Card (KCC) loan application process. This system is designed to make it easier and faster, keeping in mind the needs and resources of farmers. Want to know how to apply for PM Kisan Credit Card online and are you eligible for KCC? Below, you will find detailed information about PM Kisan Credit Card application methods and eligibility criteria.
Apply for PM Kisan Credit Card Online
KCC stands for Kisan Credit Card. This scheme is part of the PM Kisan Samman Nidhi Yojana, which is important to support Indian farmers. This scheme provides financial help of up to Rs 3 lakh to farmers to meet their needs. Easy access to loans makes it very effective. This amount helps in improving agricultural productivity, thereby boosting the agricultural industry.
The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) work together to provide these funds for the benefit of farmers. Although the idea started in 1988, KCC was launched in 2019 to provide quick credit access. It aims to provide financial assistance to small and marginal farmers.
Who are eligible for PM Kisan Credit Card
Indian Citizenship: The applicant must be an Indian citizen.
Small to Marginal Farmer Category: The applicant must be a small or marginal farmer.
Land Ownership: Farmers must have land up to 2 hectares.
Cultivable Land: The land must be registered for agricultural use.
Good Loan Repayment History: Farmers must have a good record of repaying previous loans.
Documents Required for PM Kisan Credit Card
Identity Proof: Aadhaar Card, Voter ID Card, Passport, etc.
Address Proof: Aadhaar Card, Utility Bill, etc.
Land Documents or Ownership Proof: Proof of land ownership.
Agricultural Income Proof: Proof of income from farming.
Passport Size Photo: Recent photo of the applicant.
Kisan Credit Card Application Form: This form is available at the bank.
Amount and Interest on PM Kisan Credit Card
The loan limit ranges from Rs 1.60 lakh to Rs 3 lakh, depending on the type of crops you grow and the expenses of your land. The amount you can borrow may vary from bank to bank. The interest rate for a Kisan Credit Card loan is 7%, but for PM Kisan beneficiary farmers, this rate comes down to just 4%. This makes the loan more affordable for farmers, helping them manage their agricultural expenses more easily.
How to Apply for PM Kisan Credit Card
First, visit the nearest bank branch.
At the bank, ask for the KCC application form or you can get the form by clicking on the application form download link given below.
Fill the application form carefully with all the required information.
Self-attest and attach all the required documents (identity proof, address proof, land documents, agricultural income proof, passport size photographs) with the application form.
Submit your completed application form and documents to the bank. Get a receipt for your deposit.
By following these steps, all the farmers can easily apply for their Kisan Credit Card and avail the benefits.
