Kisan Credit Card: Check Out The Application Process To Get A Loan Of Up To Rs 3 Lakh


A Kisan Credit Card scheme provides timely loans to farmers. The KCC Scheme was started in 1998 with the aim of providing farmers with short-term formal credit.

The PM Kisan Credit Card is now linked to the Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan). Agricultural loans of up to Rs 3 lakh can be obtained from KCC at 4% interest rates. Additionally, PM Kisan beneficiaries are now more easily eligible for the KCC Scheme.

According to PIB, more than 2 crore Kisan Credit Cards were issued during the Corona period, with the majority going to small farmers. Future agricultural infrastructure and connectivity infrastructure in the country will benefit these farmers”.

Farmer credit cards were introduced to meet the credit requirements of the agriculture, fisheries, and animal husbandry sectors. We assisted them in obtaining short-term loans and provided them with a credit limit (KCC scheme) for buying equipment and other expenses.

The interest rate for KCC is less than 2%, while the average rate is 4%. Thus, farmers are exempt from the bank’s high interest rates since KCC assists them. By using this scheme, farmers can repay their loans based on the harvest period of the crop for which the loan was granted.

How to Apply:

Farmers can further apply for the Kisan Credit Card (KCC Scheme) through the State Bank of India. SBI has introduced this online service to facilitate KCC review. SBI tweeted: “Empowering farmers through KCC inspection facility on YONO agriculture system!”. SBI Kisan consumers can instantly apply for Kisan Credit Card reviews through the SBI YONO app without visiting a branch.

The subsequent steps will guide you through the online application process:

  • First, you have to log in to:
  • Then go to the Yono Krishi
  • After that go to Khata (Account)
  • Go to KCC Review Section and click apply

As of February 2020, the central government is running a special campaign to provide Kisan Credit Cards to farmers who have availed benefits from PM Kisan Yojana, and the 10th instalment will soon be available to farmers.

After linking Kisan Credit Card with PM Kisan Yojana, the central government announced that Kisan Credit Cards would be issued to 2.5 crore farmers. Till now, 1.5 crore farmers have been given Kisan Credit Cards (KCC Scheme). With this scheme, a target of Rs 2 lakh crore will be offered as a loan to farmers.

KYC not required:

Farmers don’t need to get KYC done after linking PM Kisan Yojana with Kisan Credit Card (KCC Scheme). To get Kisan Credit Card, now farmers have to fill in only a one-page form. PMKISAN’s website offers this form for download:

Things to keep in the subconscious while applying for KCC:

Under the Kisan Credit Card (KCC Scheme), a farmer can get a loan of up to Rs 3 lakh for farming. The minimum entry age of the farmer applying for a Kisan Credit Card should be between 18 to 75 years. Applicants more than 60 years of age will also need a co-applicant to apply.

Apart from farmers, those who are involved in animal husbandry, fisheries can also apply for agricultural loans under Kisan Credit Card (KCC Scheme). The applicant doesn’t need to have agricultural land. Persons involved in Animal husbandry or fisheries can take a Kisan Credit Card loan up to Rs 2 lakh at an interest rate of 4%. This amount will be paid to the farmer at an interest rate of 4%.

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