KCC LOAN: The central government is implementing numerous schemes to strengthen farmers’ financial well-being. On November 19th, PM Modi transferred the 21st instalment of the PM Kisan Scheme to help farmers. More than 10 lakh crore rupees (approximately $100,000 crore) of farmers have benefited from this scheme. If you’re considering a Kisan Credit Card, learn more in detail in this article.

For information, farmers can get loans at low interest rates through the Kisan Credit Card. Using the KCC scheme, farmers can purchase items like fertilisers, urea, and pesticides for their crops.

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Benefits of the Kisan Credit Card

The Kisan Credit Card provides immediate access to funds for sowing crops. This eliminates the need for post-harvest expenses. The KCC also helps when you need funds for storage.

The Kisan Credit Card provides instant access to loans up to ₹3 lakh (approximately $300,000). There is a 10% interest rate limit for every five years. The government provides a 1.5% interest rate discount. Early repayments are also eligible.

Eligibility for Kisan Credit Card

If a farmer is cultivating his own land, those who are sharecropping, and those belonging to a farmer’s self-help group or joint liability group are eligible.

Required Documents for Applying for a KCC

To apply for a Kisan Credit Card, farmers must have an application form, an Aadhaar card, address proof, crop details, a passport-size photo, and an identity card.

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How to Apply

To apply, farmers must visit the bank’s official website.

After selecting SBI, select farmers, rural areas, etc. from the portal.

Click on “Agricultural Banking” and then click on the Kisan Credit Card option.

You will then receive complete information about the KCC.

You will also be given the option to download the application form.

Download this form and fill in the correct information.

After filling out the form, attach all the required documents.

After this, you will need to go to the bank and meet with the official and submit the form.