The Kisan Credit Card (KCC), specifically tailored for farmers, offers timely financial assistance for their planting, maintenance, and investment requirements. With high-value loans, quick approval processes, and low interest rates, this specialized credit card is advantageous for farmers, providing long-term support for their day to day requirements.
Features
Sets maximum credit limits based on agricultural income
Allows withdrawals based on the loan limit
Adheres to Bail, Margin, and Documentation standards applicable to advance deposits taken for agriculture
Benefits
Simplifies fund distribution, eliminating the need for individual loan applications for each crop.
Reduces interest burdens on farmers.
Offers guaranteed loans at any time.
Facilitates Cash Avail Discounts on dealer purchases.
Repayment occurs only post-harvest.
Documents Required
Duly Filled and Signed Application Form
Identity Proof
Address Proof
Proof of Date of Birth
Latest Passport - Size Photograph of the Applicant
Terms and Conditions
The farmer must have landholding for agricultural purposes.
The individual must also have savings bank account.
Rented land for cultivation must be possessed by the farmer in case they do not have own land.