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Steps to apply for Kisan Credit Card Through SBI

By jersey
Type: drawing Uploaded: 2022-01-20


The Kisan Credit Card scheme is one of the schemes launched by the Government of India to provide farmers with easy access to credit. Established by NABARD (National Bank for Agriculture and Rural Development), this scheme was launched back in 1998 to provide short-term credit to farmers. The KCC scheme was introduced to meet the credit requirements of farmers in the fields of agriculture, fisheries, animal husbandry, and related sectors. The idea of the scheme was to help farmers avail short-term loans and credit limits to buy equipment as well as cover other expenses. With KCC, farmers can get waivers from high-interest rates that are otherwise applicable to regular loans offered by banks. This is because the interest rate for KCC begins at only 2% and averages at 4%. Through this scheme, farmers can easily repay their loans as per the harvesting timeline of their crop for which the credit was availed. This mainly provides short-term credit to farmers in the country. Farmers can easily avail of these loans for meeting their financial needs for agriculture. Through Kisan Credit Cards, farmers can avail attractive interest rates. The government has also ensured a smooth application process to improve farmers' interest in availing credit. What are the eligibility criteria for a Kisan Credit Card? Mentioned below are the SBI Kisan Credit Card eligibility Criteria: Any farmer, whether individuals, tenant farmers, joint cultivator owners, sharecroppers etc., can apply for this credit card Any self-help groups and joint liability groups that include tenant farmers are eligible to apply for SBI Kisan credit card What are the documents required for a Kisan Credit Card? Here are the documents required for the Kisan credit card application: Identity Proof - Aadhaar card, Voter’s ID card, PAN card, Passport, Driving license or any other valid photo ID approved by the government. Address Proof - Passport, Aadhar card, Utility bills that are not older than three months or any other government-approved address proof. reference


  • M@RTY 21 Jan 2022


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