Kisan Credit Card Scheme: To improve the livelihood of the farmers, the central government has introduced an amazing scheme called Kisan Credit Card. A large number of farmers in India are benefiting from this. The central government has introduced this scheme to the farmers in order to revive agriculture in India which is dying out. It is a fact that farmers do not always have money in hand to buy seeds, irrigation machines, and chemical fertilizers for their farming. So the Central Government has introduced a Kisan Credit Card scheme for farmers. Farmers can use this card to purchase all the commodities they need for their agriculture. And the total interest rate for this is 2% to a maximum of 3% percent.
Kisan Credit Card Scheme
The Central Government has introduced this Kisan Credit Card Scheme to encourage farmers and people engaged in animal husbandry. Through this scheme, you can get a maximum loan of Rs 3 lakh. And the interest rate for this is very low i.e. from a minimum of two percent to a maximum of three percent. In particular, a farmer can use this Kisan Credit Card to cover all the expenses that may lie between planting the land and finally bringing it to the people. Also, farmers involved in animal husbandry can use this credit card to buy and sell their livestock like goats, cows, and chickens. According to the central government, you can apply for this Kisan Credit Card online very quickly.
Kisan Credit Card Scheme Interest Rate
Kisan Credit Card can be applied for and purchased from all nationalized banks in India. In that way, the interest rate charged on the amount you use for your agriculture ranges from a minimum of two percent to a maximum of three percent. When we look at this in general, we can say that this interest rate is very low. And you have to repay the amount you used and the interest on it within one year. Apart from that, there will be no hassle from the bank asking you to pay your loan. This means that you can pay your loan amount to the bank after first planting the seed on the land and maintaining it for one year and finally bringing it to the people.
Farmers are eligible for the Kisan Credit Card Scheme
- Own land or own agriculture
- Sharecroppers and tenant farmers
- Farmers interested in animal husbandry
- Owners of dairy farms
- Youngsters showing interest in poultry farming
- Economically backward farmers
- Youngsters interested in agriculture
Documents Required for Kisan Credit Card Scheme Application
- Pan Card
- Aadhar Card
- Agricultural land document
- Voter ID
- Bank Passbook
- Photo
- Mobile Number
How to Apply For Kisan Credit Card
Kisan Credit Card is offered by many nationalized banks in India. For example, banks like SBI, HDFC, Axis Bank, and ICICI Bank are offering this Kisan Credit Card to farmers. And if you want to apply for this card, you can apply through the official website of the respective bank.
For example, we have listed below how to apply for this Kisan Credit Card through SBI Bank.
- First, go to the official SBI Bank website
- Click on the Kisan Credit Card option
- Click on the Application Form option
- Now download that application and fill it out completely
- Submit the completed application to your nearest SBI Bank branch
- The bank will issue your credit card within two or three days
Also if you have any doubts regarding the application approach your nearest SBI bank branch. We request all the farmers to take advantage of this scheme of the central government and make their agriculture more prosperous.