Kisan Credit Card (KCC) is a government initiative to provide financial assistance to farmers in India. It is a unique credit card that allows farmers to avail of loans for various agricultural purposes. This article provides a complete guide on how to get a Kisan Credit Card.
What is a Kisan Credit Card?
A Kisan Credit Card is a credit facility provided to farmers by financial institutions to help them meet their agricultural needs. The card was launched by the Government of India in 1998 to provide farmers with timely and adequate credit support. It is a flexible credit facility that can be used for various agricultural purposes, including purchasing seeds, fertilizers, pesticides, and other inputs.
Eligibility Criteria for Kisan Credit Card
To apply for a Kisan Credit Card, you must meet the following eligibility criteria:
Farmer
You must be a farmer who owns agricultural land or works as a tenant farmer.
Age
You must be at least 18 years old to apply for a Kisan Credit Card.
Income
You must have a regular source of income from agricultural activities.
Credit Score
You must have a good credit score to be eligible for a Kisan Credit Card.
Documents Required for Kisan Credit Card
To apply for a Kisan Credit Card, you need to submit the following documents:
Identity Proof
You need to provide a copy of your Aadhar card, PAN card, or Voter ID card as proof of identity.
Address Proof
You need to provide a copy of your electricity bill, telephone bill, or gas connection bill as proof of address.
Land Ownership Proof
You need to provide a copy of your land ownership documents, such as the sale deed or the record of rights.
Income Proof
You need to provide income proof, such as land revenue records, crop details, or income tax returns.
Steps to Get Kisan Credit Card
Follow the below-mentioned steps to get a Kisan Credit Card:
Step 1: Visit the Bank
Visit the nearest bank branch that offers Kisan Credit Card.
Step 2: Obtain the Application Form
Collect the Kisan Credit Card application form from the bank or download it from the bank’s website.
Step 3: Fill the Application Form
Fill the application form with all the necessary details, such as name, address, contact details, income details, and other relevant information.
Step 4: Submit the Application Form
Submit the filled-in application form along with the required documents to the bank.
Step 5: Verification
The bank will verify the documents and assess your eligibility for the Kisan Credit Card.
Step 6: Approval
Once the verification process is completed, the bank will approve your Kisan Credit Card application.
Step 7: Card Issuance
The bank will issue the Kisan Credit Card within a few days of approval.
Benefits of Kisan Credit Card
A Kisan Credit Card provides several benefits to farmers, including:
Timely and Adequate Credit
Farmers can avail of timely and adequate credit for various agricultural purposes.
Flexible Credit Facility
The credit facility is flexible and can be used for purchasing inputs, such as seeds, fertilizers, pesticides, and other agricultural requirements.
Low-Interest Rates
The interest rates on Kisan Credit Card loans are comparatively lower than other agricultural loans.
Insurance Coverage
The Kisan Credit Card provides insurance coverage against crop failure, natural calamities, or accidents.
