KCC: Good news for Indian Farmers. The Ministry of Agriculture and Farmers Welfare, Government of India, offers Kisan Credit Cards to promote farming, fisheries, and animal husbandry, and to provide financial assistance to farmers. Often, due to lack of funds, farmers are unable to sow their crops on time. This impacts crop production, and sometimes, farmers’ fields remain fallow for entire seasons. This creates difficulties for their families in making ends meet.
KCC Update
Along with farmers, fishermen and animal husbandry farmers can also avail the benefits. Kisan Credit Card was also discussed in the Union Budget presented in the Parliament by Union Finance Minister Nirmala Sitharaman, in which the limit of Kisan Credit Card has been increased from Rs 3 lakh to Rs 5 lakh. Koderma District Lead Manager Nivas Kumar told in a special conversation with Local 18 that along with farmers, fishermen and people involved in animal husbandry also get the facility of Kisan Credit Card. Through KCC, they are provided loans by the bank at a very low interest rate.
Loans up to 2 lakh rupees will be available without security
He explained that loans up to 1 lakh rupees for agricultural work are provided to farmers upon application with a declaration verified by the village head and land-related documents. For loans over 1 lakh rupees, a land positioning certificate must be obtained from the zonal office and then applied for. He explained that, according to Reserve Bank of India guidelines, no security is required for loans up to 2 lakh rupees.
He told that fish farmers can take KCC loan through KCC for cage, spawn, seeds and other materials used for fish farming. Whereas cattle rearers can get loan under KCC for goat rearing and cow rearing. Cattle rearers and fish farmers can also apply through the concerned department office available at the district level or directly through the bank. A person rearing four goats and one male goat is provided a KCC loan of Rs 30 thousand, while a person rearing two cows is provided a KCC loan of Rs 59 thousand. People rearing 10 cows are provided a KCC loan up to Rs 1.5 lakh. There is no need of any kind of security in this.
Apply this way
Step 1: First, visit the official website or mobile app of your preferred bank, such as SBI, PNB, HDFC, or Bank of India. You can also download the KCC form from the PM Kisan portal.
Step 2: On the homepage of the website , click on the option ‘Agriculture Loan’ or ‘Kisan Credit Card (KCC)’.
Step 3: The ‘Application Form’ will open. Carefully fill in your personal information, land details, and crop details.
Step 4: Scan and upload all the required documents like Aadhar, Khatauni etc.
Step 5: After reviewing the form, click the ‘Submit’ button. Upon submission, you will receive an application reference number. A bank official will then contact you to verify your documents.