Kisan Credit Card Loan Scheme

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The PM Kisan Credit Cards have now been linked to the Pradhan Mantri Kisan Samman Nidhi Yojana. Farmers can seek a loan from KCC for up to Rs.3 lakh at 4% interest rate. Now it is also easier for PM Kisan beneficiaries to apply for KCC.click here

The Kisan Credit Card scheme is a Government of India scheme which provides farmers with timely access to credit. The Kisan Credit Card (KCC) scheme was launched in 1998 with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development).

The KCC scheme was introduced to ensure that the credit requirements for farmers in the agriculture, fisheries and animal husbandry sector were being met. This was done by helping them avail short-term loans and provide them with a credit limit to purchase equipment and for their other expenses as well.

Moreover, with the help of KCC, farmers are exempt from the high interest rates of the regular loans offered by banks as the interest rate for KCC starts as low as 2% and averages at 4%. With the help of this scheme, farmers can repay their loans depending on the harvesting period of their crop for which the loan was given.

Features and Benefits of Kisan Credit Card

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Farmers are given credit for meeting their financial requirements of agricultural and other allied activities along with post-harvest expenses.
Investment credit for agricultural requirements such as dairy animals, pump sets etc.
Farmers can take out a loan of up to Rs.3 lakh and also avail produce marketing loans.
Insurance coverage for KCC scheme holders up to Rs.50,000 in the case of permanent disability or death. A cover of Rs.25,000 is given in the case of other risks.
Eligible farmers will be issued a savings account with attractive interest rate along with smart card and a debit card in addition to the Kisan Credit Card.
Flexible repayment options and hassle-free disbursement procedure.
Single credit facility/ term loan for all agricultural and ancillary requirements.
Assistance in the purchase of fertilizers, seeds, etc. as well as in availing cash discounts from merchants/ dealers.
Credit is available for a period of up to 3 years and repayment can be made once the harvest season in over.
No collateral will be required for loans amounting up to Rs.1.60 lakh.

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Interest and Other Charges on Kisan Credit Cards

The interest rate on the KCC differs from one bank to other along with its credit limit. However, the interest rate of KCC can be as low as 2% and averaging at 4%.

In addition, there are certain subsidies and schemes that the government offers farmers with regard to the interest rate. These would depend on the repayment history and general credit history of the cardholder.

Other fees and charges such as processing fees, insurance premium (if applicable), land mortgage deed charges etc. would be set at the discretion of the issuing bank.

Eligibility Criteria for Kisan Credit Card Loan Scheme

The eligibility criteria for the KCC scheme are as follows:

Any individual farmer who is an owner-cultivator.
People who belongs to a group and are joint borrowers. The group has to be owner-cultivators.
Sharecroppers, tenant farmers, or an oral lessee are eligible for the KCC.
Self-help groups (SHG) or joint liability groups (JLG) of sharecroppers, farmers, tenant farmers, etc.
Farmers involved in the production of crop or allied activities such as animal husbandry along with non-farm activities such as fishermen.

Eligible beneficiaries under this scheme under fisheries and animal husbandry are:

Inland Fisheries and Aquaculture: Fish farmers, fishers, SHGs, JLGs, and women groups. As a beneficiary, you must own or lease any activity related to fisheries. This includes owning or leasing a pond, an open water body, a tank, or a hatchery among others.
Marine Fisheries: You own a registered boat or any other type of fishing vessel and you have the necessary license or permissions for fishing in estuaries or the sea.
Poultry: Individual farmers or joint borrowers, SHGs, JLGs, and tenant farmers of sheep, rabbits, goats, pigs, birds, poultry, and have sheds they have owned, rented, or leased.
Dairy: Farmers, dairy farmers, SHGs, JLGs, and tenant farmers who own, lease, or rent sheds.

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Documents Required to Apply for KCC Loan Scheme

Duly filled-in and signed-in application form.
Copy of identity proof such as Aadhaar card, PAN card, Voter ID
Copy of address proof document such as Aadhaar card
Voter ID, driving licence. The proof should have the applicant’s current address to become valid.
Land documents.
A passport size photograph of the applicant.
Other documents such as security PDC as requested by the issuing bank.

Application Process for the Kisan Credit Card

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The application process for the Kisan credit card can be done online, as well as, offline.

Online

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Visit the website of the bank you wish to apply for the kisan credit card scheme.
From the list of options, choose the Kisan Credit Card.
On clicking the option of ‘Apply’, the website will redirect you to the application page.
Fill the form with the required details and click on ‘Submit’.
On doing so, an application reference number will be sent.
If you are eligible, the bank will get back to you for the further process within 3-4 working days.

Offline

Offline applications can be done by visiting the branch of the bank of your choice or by downloading the application form from the website of the bank as well. The applicant can visit the branch and begin the application process with the help of the bank representative. Once the formalities are done, the bank’s loan officer can help with the loan amount for the farmer.

PM Kisan Samman Nidhi Scheme

The PM Kisan Samman Nidhi Scheme

was launched the Indian government and under this scheme, all farmers can avail up to Rs.6,000 every year as their income support. This initiative had been curated and announced during the 2019 Interim Union Budget of India

Post the release of the Budget 2020, the government is now making sure that institutional credit is more accessible to all farmers of our country. This is being done by bringing together the Kisan Credit Card (KCC) Scheme and the Kisan Samman Nidhi Scheme. All beneficiaries under the Kisan Samman Nidhi Scheme can now get a Kisan Credit Card.

Government to Credit 9th Installment of PM Kisan Yojana from Next Week

The Government of India has announced that it will start paying the 9th instalment under the PM Kisan Samman Yojana to the enrolled farmers from 9 August 2021. Under the PM Kisan Samman Nidhi scheme, the central government grants each registered farmer Rs 6000 per year to help them improve their financial situation. The Centre distributes Rs.6,000 in three Rs.2,000 instalments over the course of a year. Farmers get each instalment around four months apart. The first instalment is typically sent between 1 April and 31 July, the second instalment between 1 August and 30 November, and the third instalment between 1 December and 31 March.

Longer Repayment Period for Kisan Credit Card (KCC) Loans

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Most of the banks in India which offer the Kisan Credit Card (KCC) loans are looking for a longer loan repayment tenure for the loans. This has been suggested as the agriculture sector is under significant pressure. The cycle of the loans provided under the Kisan Credit Card scheme has been proposed to be increased to 36 or 48 months from the 12 months. This was proposed at the state level bankers’ consultancy meet in West Bengal.

In addition to the enhancement of the loan repayment tenure, the banks have also proposed that the farmers should be allowed to avail extra loans even after failing to repay the previous loan. However, in order to do that, they should service the interest. Public sector banks have started a 3-stage consultation process recently on the basis of the directions passed by the Department of Financial Services.

The main focus of the consultation process would be to discuss 9 important issues. These include credit offered to MSMEs and agriculture sectors, digital banking, direct transfer of benefits, and education loans. The previous meeting was an intra-bank meet. However, this time the meeting will be an inter-bank meet at a state level.

How to Apply for Kisan Credit Card under PM Kisan Samman Nidhi Scheme

If you want to apply for a KCC Loan click here under the PM Kisan Samman Nidhi Scheme, you can follow these steps:

You have to fill a one-page form which is available on the website of all commercial banks.
You should fill in all your basic information like crop sown and land record.
You have to submit this form to the Common Service Centers (CSC) and they will transfer the forms to all banks.

Top Kisan Credit Cards by Banks

Credit Card	Credit Limit	Maximum Tenure
Axis Kisan Credit Card	Up to Rs.2.50 lakh (in the form of a loan against the card)	Up to 1 year for cash credit Up to 7 years for term loans
BOI Kisan Credit Card	Up to 25% of the farmer’s estimated income (but not exceeding Rs.50,000)	N/A
SBI Kisan Credit Card	Based on the crop cultivation and cropping pattern	5 years
HDFC Kisan Credit Card	Credit limit of up to Rs.3 lakh	5 years

Kisan Credit Card Customer Care

In case you have any queries or grievances regarding KCC, you can always contact the Kisan Credit Card Customer Care

How to Check Kisan Credit Card Balance

You can apply for a Kisan Credit Card from any bank that is issuing KCCs and this process has now been made online. In order to check your Kisan Credit Card balance, you need to contact the customer care of the bank from where you have gotten the Kisan Credit Card. You can also log into the bank's portal and check the balance of your Kisan Credit Card via the website.

FAQs on Kisan Credit Card Loan Scheme

What is a crop loan?click here
Crop loans provide farmers with necessary credit to help them meet their working capital needs. KCC is a type of crop loan that banks offer. However, the KCC loan can be used for a number of other purposes and not just to meet working capital requirements.
What is the validity period of the Kisan Credit Card?
This validity period is 5 years. The tenure you do get depends on the type of activity you plan to use the money for.
What is the age requirement in order to apply for a Kisan Credit Card?
You should me a minimum of 18 years of age and be a maximum age of 75 years. If you are a senior citizen, then it is mandatory to have a co-borrower who is a legal heir.
What is the interest rate applicable on the KCC?
The interest rate will be left to the discretion of the bank. However, according to the KCC circular dated 20 April 2012, the interest rate is 7% p.a. on short-term credit with a Rs.3 lakh upper limit on the principal amount.
How does a bank determine the credit limit on a Kisan Credit Card?click here
The credit limit offered on a KCC Loan Scheme for the initial year is based on:
- The cultivation of crops according to the scale of finance and cropping pattern that was proposed.
- Household / post-harvest consumption requirements.
- Expenses related to the maintenance of crop insurance, farm assets, Asset insurance and Personal Accident Insurance Scheme (PAIS).
Is revolving credit facility available on a Kisan Credit Card?click here
Yes, revolving cash credit facility is available on these cards for an unlimited number of withdrawals and repayments made within the credit limit.
How do I check my KCC account balance?
To check the balance in your Kisan Credit Card account, you will have to contact the customer service centre of the public sector bank that has provided you with the Kisan Credit Card. Alternatively, you can visit the bank's branch to check the balance in your account.

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UNDP will offer technical support to KCC scheme and PMFBY
The United Nations Development Programme (UNDP) will offer technical assistance to two government programmes: the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Kisan Credit Card-Modified Interest Subvention Scheme (KCC-MISS). Under the Memorandum of Understanding (MoU), UNDP will use its system experience and global know-how to assist the Agriculture Ministry in implementing combined agriculture loan and crop insurance.
13 May 2022
RBI modifies norms for banks on short term crop lean scheme through Kisan Credit Card
The Reserve Bank of India (RBI) modified norms for banks to claim the amount of interest subvention offered to farmers under the short-term crop loan scheme via the Kisan Credit Card (KCC) during the last fiscal year. Pending claims for the financial year 2021-22 can be submitted by 30 June 2023.
The government provides interest subvention of 2% annually to banks for short term crop loans up to Rs.3 lakhs at an interest rate of 7%. Apart from this, an additional 3% interest subvention is offered to farmers who pay their loans on time.
4 May 2022
KCC schemes promoted by Animal husbandry departmentclick here
Officials from the Thane district's animal husbandry department has started awareness campaigns across the districts about Kisan Credit Card (KCC) schemes. The campaigns are being carried out in a bid to help the villagers take benefit of KCC schemes which provide term loans to those interested in setting up animal or goat farms. So far, the authorities have received 388 applications from villagers interested in animal farming business.click here
The District Animal Husbandry officer, Thane Collector Office stated that with the government helping in avail the benefits of the Kisan Credit Card scheme, more people who are interested in setting up their farm business should come forward to take these benefits as it will help them grow their business. the officer added that the beneficiaries can get loan up to Rs.1.60 lakhs under the scheme which can be used to get fodder, medicine, vaccination, working capital for animal feed.
It needs to be mentioned here that authorities claim a 7 percent interest is charged on the loan. There is a subsidy of 2 percent which is offered by the government and if the beneficiary is regularly repaying the loan amount, they will get a reduction of 3 percent in interest.
28 December 2021
Spocto’s Kisan Pay BOT has reduced farm loan NPAs
Spocto Solutions Pvt Ltd has launched a Kisan Pay BOT to help farmers and banks. This innovative application reads farmer data such as due date, collection timing by using Machine learning, psychographic and behavioural information to approach customers in their preferred language.
The application has enabled farmers to use digital modes for loan payments, thereby reducing travel. Spocto Kisan Pay BOT is available in 18 regional languages and customers can use 9 digital payment platforms in 100 dialects. With this application, farmers will receive calls and SMS in their preferred regional language regarding due date, payment details etc.
6 December 2021

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Kisan credit card to be provided to dairy farmers too
Union Minister Parshottam Rupala announced recently that dairy farmers will be able to avail kisan credit card and enjoy its benefits including availing a loan amount of up to Rs.3 lakh at reduced rates of interest.
IVF labs for rearing of cattle at Dharmod in Gujarat, and Hessarghata in Karnataka were launched by the Union Minister of Fisheries, Animal Husbandry and Dairying.
Dairy farmers will now be able to use their kisan credit card to avail loans from NABARD at interest rates ranging between 2% and 4%.
1 December 2021
AHD to organise ‘Pashu Kisan Credit Card’ schemeclick here
Haryana’s Animal Husbandry Department (AHD) is going to organise ‘Pashu Kissan Credit Card’ scheme camps across all districts to offer various benefits to the farmers. The camps will be organised in veterinary hospitals in every district of the state. Farmers can visit their nearest Animal Health Center to avail of the benefits covered in the Pashu Kisan Credit Card scheme.
A spokesperson of the Animal Husbandry and Dairying Department stated that farmers will require an application form, PAN card, hypothecation agreement, Aadhaar card and Voter ID to get a Pashu Kisan Credit Card. Loans up to Rs.3 lakh will be offered to farmers for rearing cows, sheep, goats, poultry etc.click here
Previously, farmers used to receive the loan amount in instalment. Now, the beneficiaries will get the amount in a single payment and will have to repay it with a 4% interest annually.
30 November 2021
Govt. to release Rs.22,000 crore to farmers’ accounts between December and March
There is some good news for farmers as the central government is all set to release Rs.22,000 crore to the accounts of farmers under the PM Kisan Samman Nidhi Yojana. As per a report, the funds will be released in the third installment between December and March. Till now, the government has provided a sum amounting around Rs.1.57 lakh crore to farmer families under the scheme. It needs to be mentioned here that as per government sources, Centre has so far spent Rs.43,000 crore for the PM Kisan scheme in the financial year of 2022 to help farmers. They added that another Rs.500 crore to Rs.1,000 crore may be additionally needed for the scheme in FY22 as more farmers are registering for the scheme. The central government has in the meantime linked 2.28 crore PM Kisan beneficiaries with the Kisan credit card scheme. This will enable them to avail loan up to Rs 2.32 lakh crore.
24 November 2021
Kisan Credit Card Scheme for Fishermen will be extended
The Kisan Credit Card Scheme is going to be extended to offer loans at affordable interest rates to fishermen. The union minister for Fisheries, Animal Husbandry and Dairying and Information and Broadcasting said that Rs.7.5 crore has been reserved to establish hospitals, Integrated Fishermen villages with schools etc.
The minister further added that fishing harbours will be upgraded as per international standards. For the Aatma Nirbhar Bharat Campaign, Rs.20,000 crore has been set aside.
23 November 2021
Special Campaign Launched by Centre to Provide Livestock and Fishery Farmers with Kishan Credit Cardsclick here
On Monday, 15 November 2021 the government launched a countrywide campaign to provide Kisan Credit Card (KCC) to all eligible dairy, fishery, and animal husbandry farmers. In the following three months, this campaign's goal is to enroll two crore people. Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry, and Dairy is set to virtually inaugurate the ‘Nationwide AHDF KCC campaign’ from 15 November 2021 till 15 February 2022. The government had earlier announced in the 2018-19 budget, the KCC facility would be expanded to animal husbandry producers and fisheries. This step will help them meet their working capital needs.
16 November 2021
The government has launched a 3-month campaign to offer Kisan Credit Card to fishermen and animal husbandry farmers
The central government has launched a 3-month nationwide campaign to give Kisan Credit Card (KCC) to fishermen, dairy and animal husbandry farmers. A target, to provide KCC to over two crore eligible people is set. This campaign will be conducted by the Department of Animal Husbandry and Dairying, Department of Financial Services and Department of Fisheries.
All states were issued a circular comprising detailed guidelines about the campaign on 10 November. Three departments will be supervising the campaign to make sure that the targets are met. The farmers could get a credit limit of Rs.1.6 lakh on the KCC without security.
16 November 2021

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Spocto enters agricultural sector with Kisan Pay BOT
Spocto Solutions Private Limited has entered the agricultural sector with Kisan Pay BOT, a one-stop solution for banks and farmers, where banks do not have to worry about farmer loan payment under Kisan Credit cards. A collectech start-up and first to introduce contactless collections for banks and NBFCs in the country covering all types of loans, Spocto was launched in early 2021. With the help of Spocto Kisan Pay solution integration with banks and NBFC’s, farmers will get a call or sms in their regional language with continued education and guidance on payment details, outstanding, due date etc. It is currently available in 18 regional languages and offers digital payments over 9 platforms in 100 dialects.click here
11 November 2021
More than 2 crore Kisan Credit Cards issued to farmers
Approximately 2.5 crore farmers have been provided with the Kisan Credit Card (KCC) via a Saturation Drive conducted by the government, with a credit limit of Rs.2.62 lakh crore in total. The linkage of the KCC to the PM Kisan Scheme enables farmers to avoid loans with high interest rates as the loans offered under this scheme have an average interest rate of 4% with rates as low as 2%. The amount can also be repaid depending on the harvesting period of their crops for which the loan was taken. Loans of up to Rs.3 lakh can be availed at an interest rate of 4%. Beneficiaries of the PM Kisan Scheme can also apply for a Kisan Credit Card. Applications for the Kisan Credit Card can be done through State Bank of India. Farmers can also apply for a KCC review directly on the SBI YONO mobile application.
12 October 2021
Deadline for linking of farmers to Kisan Credit Card Scheme is 31 March 2022 in Jharkhand
The deadline for linking of farmers to the Kisan Credit Card scheme has been announced as 31 March 2022 for the state of Jharkhand. This is applicable for both landless farmers and farmers who are landowners. This will provide farmers with quick access to short-term loans at low interest rates.click here
08 October 2021
Under KSS Scheme, Rs.14 lakh cr loans disbursed
The Agriculture Minister, Narendra Singh Tomar announced that the benefits of Central Government schemes for Agriculture sector will have to reach all the farmers who need them. He had also said that the loan target of Rs.16 lakh crore as set for the current year and now, around Rs.14 lakh crore has been lent to the farmers via the Kisan Credit Card.
07 October 2021
Loan of Rs.14 Lakh Crore Granted Under the Kisan Credit Card Scheme
Narendra Singh Tomar, the agriculture minister, stated that roughly Rs 14 lakh crore has already been issued to farmers through the Kisan Credit Card (KCC) Scheme, against a loan target of Rs 16 lakh crore for the current fiscal year.
28 September 2021
Farmers can Take a Loan of Rs.1.60 Lakh Without Guarantee with Pashu Kisan Credit Card
Farmers can take a loan of Rs.1.60 lakh without providing any guarantee under the Pashu Kisan credit card scheme. Under this scheme, a farmer can avail a maximum of Rs.3 lakh for rearing cows, sheep, goat, buffalo, and poultry purposes.