Kisan Credit Card: The Central Government is running many government schemes to enrich the farmers. At present, there are schemes like the PM Kisan Scheme and, Kisan Credit Card. This scheme was started especially so that the farmers could be saved from the clutches of moneylenders. That is why the Kisan Credit Card Scheme has been started. The special thing about this scheme is that farmers can easily get a loan of up to Rs 5 lakh. Earlier, the limit was fixed at Rs 3 lakh.

Under the KCC scheme, the government is linking the Kisan Credit Card Scheme to the needy farmers. By taking a loan from this card, one can fulfill their farming needs. Under this scheme, farmers can take a loan for many purposes, like farming, post-harvest expenses, household needs, animal husbandry, and farm repairs.

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The Kisan Credit Card gives a loan

Short-term loans are offered to farmers through the Kisan Credit Card. Farmers can get a total loan of up to Rs 5 lakh under this scheme. Loan up to Rs 3 lakh is available for crops and Rs 2 lakh for farming-related work. Its interest rate is 7 percent. In this scheme, the government gives an interest subsidy at the rate of 2 percent and a timely payment of 3 percent. Through this, farmers get loans at only 4 percent annual interest.

Who can avail the benefit of the scheme?

Small and marginal farmers, landless agricultural labourers, people involved in animal husbandry, fisheries, sericulture, horticulture, and dairy, Joint Liability Groups can also be eligible for the benefits of the Kisan Credit Card Scheme.

What documents are required

To apply for the Kisan Credit Card Scheme, a Voter ID, PAN card, or Aadhar card, etc. will be required. These documents can be asked for from you, like ID proof and address proof, etc.

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How can you apply online?

First of all, visit the website of the bank of your choice.

After this, you will get the benefit of the Kisan Credit Card on the home page.

You will get the option to apply by clicking on the Kisan Credit Card.

Now fill in all your details and click on submit.

After this, you will also get the application reference number.

If you are eligible, then you can contact the bank within 5 days.