Kisan Credit Card – KCC Scheme 2022| View Features, Benefits, Apply Online

Kisan Credit Card Scheme in India

  • With the implementation of Kisan Credit Card Scheme, all loan services are provided by leading banks of India, which makes it much easier for application.
  • If you’re thinking about taking out to apply for a Kisan Credit Card, you might be curious about the Loan amount given.  How much is credit card limit. Is there a high rate of interest or what is the eligibility to apply for KCC?
  • The good news is that, applying for a PM Kisan credit card very simple and can be processed at your nearest Banks. Repayment period is the most interesting part of this Credit card, that allows flexible payment subject to the harvesting period of their crop for which the loan was provided to them. And many more interesting points to consider.

Continue reading to learn more; Don’t miss the key points….

Kisan Credit Card: Everything You Need to Know

Table of Contents

PM Credit Card Kisan (KCC)

NABARD (National Bank for Agriculture and Rural Development) and the Reserve Bank of India (RBI) together executed the Kisan Credit Card initiative (Reserve Bank of India).

The scheme’s principal goal is to offer farmers with quick, short-term formal credit, notably during planting and harvesting seasons.

To lessen the financial load of farmers, the government has streamlined the application and repayment processes over time. These credit cards are available from a variety of cooperative banks, public sector commercial banks, and rural banks.

Related: WB Krishak Bandhu Scheme

Related-PM Kisan Status 2022 Check Aadhar Beneficiary (pmkisan.gov.in)

Kisan Credit Card Loan Uses

Kisan Credit Card Loan Scheme is a program that allows people to borrow money using their credit cards

The Kisan Loans Card plan is a government of India initiative that gives farmers access to credit on a timely basis.

NABARD developed the Kisan Loans Card (KCC) initiative in 1998 with the goal of providing farmers with short-term formal credit (National Bank for Agriculture and Rural Development).

The KCC plan was created to guarantee that farmers in the agricultural, fishery, and animal husbandry sectors have access to finance.

This was accomplished by assisting them in obtaining short-term loans and providing them with a credit limit for the purchase of equipment as well as other costs.

Furthermore, farmers who use KCC are free from the exorbitant interest rates associated with traditional bank loans, while the interest rate for KCC starts at 2% and averages at 4%.

With the help of KCC Yojana, farmers can repay their Kisan Credit Card Loans subject to the harvesting period of their crop for which the loan was provided to them.

The PM Kisan Credit Card has the following major features:

  • The Kisan Credit Card includes crop insurance, which protects against crop loss due to natural disasters, insect assaults, and other factors.
  • For all borrowers, the KCC also serves as an ATM/debit card.
  • The loan amount for the first year is determined by the cost of cultivation, post-harvest costs, and farm maintenance.
  • The loan is extended for the following 5 years dependent on the size of the financing.
  • Farmers can use the Kisan Financing Card to get simple credit to satisfy their financial needs in agriculture and associated businesses.
  • For a loan of up to 1.60 lakh, no collateral is required.
  • On credit, the KCC charges interest using a basic interest mechanism.
  • It is valid for one year or until the payback due date, whichever comes first.
  • If you don’t pay before the due date, you’ll be charged interest based on a half-yearly compounding schedule.

What is the purpose of a Kisan Credit Card?

In India, farmers frequently rely on non-institutional and informal forms of financing to purchase agriculture supplies. Many of them aren’t even part of the legitimate banking system. As a result, they wind up paying the money lenders a lot more in interest. This generates a vicious cycle of debt for the farmers, who are unable to repay the loan.

A Kisan credit card has been designed to address this issue, allowing farmers to satisfy their agricultural demands on schedule. Farmers may use the credit to buy herbicides, high-yielding crops, and fertilizers, among other things. Furthermore, users can use the card to withdraw cash as needed.

Kisan Credit Card Highlights

  • Farmers are rewarded for satisfying their financial obligations related to agriculture and related operations, as well as post-harvest costs.
  • Credit for agricultural needs such as dairy animals, pump sets, and so on.
  • Farmers can get up to Rs.3 lakh in loans, as well as crop marketing loans.
  • In the event of permanent incapacity or death, KCC plan members are covered up to Rs.50,000 in insurance coverage.
  • In the event of other hazards, a cover of Rs.25,000 is provided.
  • In addition to the Kisan Credit Card, eligible farmers will receive a savings account with a competitive interest rate, as well as a smart card and a debit card.
  • Flexible repayment choices and a simple distribution method are available.
  • All agricultural and auxiliary needs can be met with a single credit facility/term loan.
  • Assistance with fertilizer, seed, and other purchases, as well as obtaining monetary discounts from merchants/dealers.
  • Credit is offered for up to three years, with repayment possible after the harvest season is through.
  • For loans up to Rs.1.60 lakh, no collateral would be required.

The following are some of the additional advantages and benefits of the Kisan Credit Card Loan Scheme:

  1. In addition to the Kisan Credit Card, cardholders receive a smart card that may also be used as a debit card.
  2. The validity of the Kisan credit card is reviewed once a year by the credit card provider.
  3. In the event that the crops are harmed by natural disasters, the loan can be converted and rescheduled.
  4. The Revolving credit is accessible and for whatever number of withdrawals, repayments made throughout the year.
  5. If the farmer has a solid credit history and the cropping pattern or operating costs vary in some years, the credit limit might be extended at the discretion of the issuing bank as a reward for excellent credit habits.
  6. The withdrawal for any needed of money by the cardholder from the issuing bank requires little documentation. The Bank offers maximum flexibility.
  7. Cash withdrawals are not restricted as long as they are within the credit limit.

Kisan Credit Card has a Credit Limit available.

Leading Indian banks that provide the Kisan Credit Card

Many well-known Indian banks offer farmers a Kisan credit card with a low interest rate. The State Bank of India, India’s largest public sector bank, gives a farmer the same so that they may cover all types of cultivation costs as well as contingency costs.

The card is issued by Banks of India to qualified farmers who are members of the functioning branch in the region.

Farmers in the nation can also get a Kisan credit card from Axis Bank to help them fulfill their various demands. The requirement might be for the purchase of seeds, the maintenance of farm gear, or even the marriage of children.

Best Banks that Offers Kisan Credit Cards

The credit limit on a KCC Loan Scheme is determined by the cultivation of crops, household or post-harvest consumption needs, or expenditures connected to crop insurance, agricultural assets, and asset insurance, among other things.

The credit limit accessible through top Kisan Credit Cards is listed below.

Kisan Credit CardCredit Card Limit
ICICI Kisan Credit CardAs per the bank’s terms and conditions in accordance to RBI guidelines
HDFC Kisan Credit CardUp to ₹ 3 Lakh
Axis Kisan Credit CardUp to ₹ 2.50 Lakh (in the form of a loan against the card)
BOI Kisan Credit CardUp to 25% of the farmer’s estimated income, Max Limit- ₹ 50,000
SBI Kisan Credit CardBased on the crop cultivation and cropping pattern

Credit Card Limit for Kisan Credit Card

The credit limit varies from one lender to the next. Financial institutions, on the other hand, would consider the sort of crop and the location where it would be grown. Furthermore, as a farmer, these organizations would evaluate your expected revenue before determining the limit for you.

How to Apply for a Kisan Credit Card through the internet?

You may apply for the Kisan Credit Card either online or in person at a bank office with the required documentation.

The processes for applying for a PM Kisan Credit Card online are as follows:

Farmers who want to apply for a Kisan Credit Card online can do so easily by following the procedures below:

  1. Go to the website of your selected/Preferred bank and look for the Kisan Credit Card section.
  2. The Application Form can be downloaded and printed.
  3. Complete the Application Form to the best of your ability.
  4. Fill out the application and bring it to the nearest bank branch.
  5. The loan officer will provide the applicant with the relevant information.
  6. The card will be sent once the loan amount has been approved.
  7. Once the KCC is received, customers can begin using the credit card.

Kisan Credit Card Rate of Interest

  1. The interest rate on the Kisan Credit Card varies per bank and can start as low as 2%.
  2. On the condition of prompt payment, the interest rates on these loans might reach 4%.
  3. The interest rate on the KCC, as well as its credit limit, varies from one bank to the next.
  4. KCC’s interest rate, on the other hand, might be as low as 2% and as high as 4%.
  5. In addition, the government provides specific interest rate subsidies and programs to farmers.
  6. These would be determined by the cardholder’s payback history and overall credit history.
  7. Other costs and expenses, such as processing fees, insurance premiums (if applicable), land mortgage deed charges, and so on, will be determined at the issuing bank’s discretion.

Kisan Credit Card Loan Scheme Eligibility Criteria

The following are the KCC scheme’s eligibility requirements:

  • Any farmer who cultivates his or her own land.
  • People who are joint debtors and belong to a group.
  • Owner-cultivators must make up the majority of the group.
  • The KCC is open to sharecroppers, tenant farmers, and oral lessees.
  • Sharecroppers, farmers, tenant farmers, and others form self-help groups (SHGs) or joint liability groups (JLGs).
  • Farmers engaged in crop cultivation or related activities such as animal husbandry, as well as non-farm occupations like fishing.

Beneficiaries of this plan in the fields of fisheries and animal husbandry include:

Inland Fisheries and Aquaculture:

Fish farmers, fishermen, SHGs, JLGs, and women’s groups work in inland fisheries and aquaculture. You must own or lease any fisheries-related activity as a beneficiary.

This involves, among other things, owning or leasing a pond, an open water body, a tank, or a hatchery.

Marine Fisheries:

You possess a registered boat or other form of fishing vessel, as well as the appropriate licences or permits to fish in estuaries or the sea.

Poultry:

Individual farmers or joint borrowers, SHGs, JLGs, and tenant farmers who own, rent, or lease sheds for sheep, rabbits, goats, pigs, birds, or poultry.

Dairy:

Farmers: Dairy farmers, SHGs, JLGs, and tenant farmers who own, lease, or rent sheds are all considered dairy farmers.

Documents Required for KCC Loan Application

A farmer must provide confirmation of identification and residence in order to obtain a Kisan Credit Card.

  • Application form that has been completely filled out and signed.
  • Copy of an identity document, such as an Aadhaar card, a PAN card, a voter ID card, or a driver’s license.
  • A copy of an address proof document such as an Aadhaar card, a PAN card, a voter ID card, or a driver’s license is required.
  • To be legitimate, the evidence must include the applicant’s current address.
  • Documents pertaining to land.
  • A picture of the applicant the size of a passport.
  • Other papers needed by the issuing bank, such as a security PDC.

The following is a Checklist of documents that have been authorized for the same purpose:

Identity Verification

Identity Verification
Aadhaar Card
Driving License
Voter ID Passport
PAN Card
Permanent residential Certificate (PRC) or Person of Indian Origin Card
Job card issued under MGNREGA
Letter sent by UIDAI Aadhaar Card

Proof of Address

Proof of Address
Aadhaar Card
Driving License
Bank account statement or passbook
Ration Card
Person of Indian Origin Card
Passport
Property Registration Document
Job card issued under MGNREGA Aadhaar Card
Electricity or water bills are examples of utility bills.

The Kisan Credit Card Application Process

The Kisan credit card application procedure may be completed both online and offline.

Online

  1. To apply for the Kisan credit card plan, go to the website of the bank you want to apply with.
  2. Choose the Kisan Credit Card from the list of Available.
  3. The website will send you to the application page if you select the ‘Apply’ option.
  4. Fill out the form with the needed information and click the “Submit” button.
  5. An application reference number will be issued as a result of this.
  6. If you are eligible, the bank will contact you within 3-4 business days to begin the procedure.

Offline

  1. Offline applications can be completed by visiting your preferred bank’s branch or downloading the application form from the bank’s website.
  2. With the assistance of a bank professional, the applicant can visit the branch and begin the application procedure.
  3. Once the requirements are completed, the bank’s loan officer may assist the farmer with the loan amount.

PM Kisan Samman Nidhi Scheme

The Key Features:

  • The Indian government created the PM Kisan Samman Nidhi Scheme, which allows all farmers to receive income assistance of up to Rs.6,000 per year.
  • This project was conceived and introduced as part of India’s 2019 Interim Union Budget.
  • Following the publication of Budget 2020, the government is now working to make institutional finance more available to all of our country’s farmers.
  • This is accomplished by combining the Kisan Credit Card (KCC) and Kisan Samman Nidhi schemes.
  • A Kisan Credit Card is now available to all Kisan Samman Nidhi recipients.

Kisan Credit Card (KCC) Loans have a Longer repayment period.

  • The majority of Indian banks that offer Kisan Credit Card (KCC) loans are aiming for a lengthier loan payback period.
  • This has been proposed since the agriculture industry is under a lot of stress.
  • The Kisan Credit Card scheme’s lending cycle has been suggested to be extended to 36 or 48 months, rather than the current 12 months.
  • This was recommended during a West Bengal state-level bankers’ consultation meeting.
  • In addition to extending loan payback terms, banks have recommended that farmers be permitted to take out more loans even if they have defaulted on prior loans.
  • They must, however, service the interest in order to do so. On the basis of the Department of Financial Services’ directives, public sector banks have begun a three-stage consultation process.
  • The consultation process will primarily focus on nine critical concerns.
  • Credit to SMEs and agribusiness, digital banking, direct welfare transfers, and education loans are just a few examples.
  • The previous gathering had been an intra-bank gathering.
  • This time, though, the gathering will be a state-level inter-bank meeting.

How to Apply for a PM Kisan Credit Card?

Kisan Samman Nidhi Scheme is a scheme that helps farmers.

You can apply for a KCC Loan under the PM Kisan Samman Nidhi Scheme by following the procedures below:

  • You must complete a one-page form that may be found on the websites of all commercial banks.
  • All of your fundamental information, such as crop planted and land record, should be filled in.
  • This form must be submitted to the Common Service Centers (CSC), who will distribute it to all

Customer Service for Kisan Credit Cards

You may always contact the Kisan Credit Card Customer Care if you have any questions or complaints about KCC.

You can Call at:

Toll-free number 155261 / 1800115526 or call 0120-6025109.

(To express any complaints with the Kisan Credit Card system)

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(FAQ’s)Frequently Asked Questions about the Kisan Credit Card Loan Scheme

What is the procedure for obtaining a KCC loan?

The bank will evaluate your eligibility after you have applied for the KCC. If you are qualified, you must provide the appropriate papers. You may either present the documents in the branch or schedule an appointment to have them collected from your house. The card will be mailed to your home address when the papers have been successfully verified.

What is the Kisan Credit Card’s validity period?

The Kisan Credit Card has a 5-year validity term.

What is the maximum Limit for Kisan Credit Card (KCC)?

Each bank’s maximum KCC limit is different.For the farmer, however, it is determined based on the farmer’s projected revenue, harvesting and cultivation patterns, and other factors.

What exactly is a crop loan?

A crop loan is a short-term loan given by a bank to farmers and agriculturalists for the purpose of purchasing seeds, fertilisers, machinery, and other items.

What is the Kisan Credit Card’s interest rate?

The interest rate on the Kisan Credit Card ranges from 2% to 4%, based on a variety of criteria such as repayment and credit history, among others.

Is it possible to withdraw money from a Kisan card?

Yes, you can withdraw cash from a Kisan Card up to the bank’s specified credit limit. The credit limit varies from bank to bank and is determined by criteria such as the farmer’s projected revenue, harvesting and cultivation patterns, and so on.

What are the locations where I may use my Kisan Credit Card?

According to RBI, you can use your Kisan Credit Card to buy fertilizers, seeds, pesticides, and other agricultural products. It can also be utilized to get financing for ancillary operations such as equipment purchases, land development, drip irrigation, and other household costs.

How much can I borrow with a Kisan Credit Card?

On a Kisan Credit Card, farmers may obtain up to 3 lakh.

What is the minimum age for applying for a Kisan Credit Card?

You must be at least 18 years old and no older than 75 years old. If you are a senior citizen, having a co-borrower who is a legal heir is required.

What is the current interest rate on the Kisan Credit Card (KCC)?

The interest rate will be set at the bank’s discretion. According to a KCC circular dated April 20, 2012, the interest rate for short-term credit is 7% p.a., with a maximum principle amount of Rs.3 lakh.

How does a bank decide a Kisan Credit Card’s credit limit?

For the first year, the credit limit given on a KCC Loan Scheme is based on: Crop cultivation according to the amount of funding and cropping pattern specified.

Consumption needs for households and post-harvest.

Crop insurance, agricultural assets, Asset insurance, and Personal Accident Insurance Scheme upkeep expenses (PAIS).

Is a Kisan Credit Card revolving credit facility available?

Yes, these cards include a revolving cash credit feature that allows for an infinite number of withdrawals and repayments within the credit limit.

How can I check the account balance of my Kisan Credit Card (KCC)?

To check the balance on your Kisan Credit Card account, call the customer care center of the public sector bank that issued the card to you. Alternatively, you may check your account balance in person at a bank location.

How to Apply for a Kisan Credit Card at your local branch?

You may apply for the card at your local branch of a bank like SBI.

Request a Kisan Credit Card application form from the staff there, fill it out, and submit it along with the necessary papers to have your case processed.

After double-checking the information, the bank would give you a credit card.

Participatory banks’ advantages

The plan has proven to be beneficial to the participating banks, who have reaped a variety of rewards.

The advantages have been listed below.

  • Bank employees at remote branches will be able to decrease their burden because there will be no duplication in terms of loan processing.
  • Under this approach, there is no need to check the documents many times.
  • The plan has streamlined the paperwork and distribution processes.
  • The requirement to keep little documentation has saved the banks a significant amount of time.
  • The cost of transactions has been lowered to a larger extent, which has benefited banks greatly.
  • The plan has helped to close the gap between the bank and the customer (in this case, the farmer) and has solidified a long-term connection. The farmer is now a part of the official banking system.

Kisan Credit Card Fees & Charges

Charge TypeDescription of ChargesCharges / Fee Amount
Annual Maintenance Charges / Supervision ChargesRs. 800 plus applicable Service Tax per proposal annually for all CC/OD accounts during October
Stamp Duty and other statutory chargesAt actuals, as per applicable laws of the state at the time of loan processing
Legal FeesKCC Limit up to 3 Lac – Rs. 1500
KCC Limit 3 Lac -10Lac – Rs. 2000
KCC Limit above 10 Lac – Rs. 2500
Valuation FeesRs. 2000 per case where valuation of property is done
Cheque Book ChargesFree
Account Closure ChargesNIL

Payments

Payments    
DD / PO– Payable at home and correspondent bank locationDD - Duplicate issuance / Cancelation / RevalidationNEFTRTGSIMPS
FreeRs. 30 per instrumentFreeFreeFirst 5 transactions in a month-Free thereafter Rs 5 per txn
Charge TypePayments    
Description of ChargesDD / PO– Payable at home and correspondent bank locationDD - Duplicate issuance / Cancelation / RevalidationNEFTRTGSIMPS
Charges / Fee AmountFreeRs. 30 per instrumentFreeFreeFirst 5 transactions in a month-Free thereafter Rs 5 per txn

Cash Transactions

Charge TypeCash Transactions 
Description of ChargesCash deposit - Home and Non-Home locationCash Withdrawal - Home and Non-Home location
Charges / Fee AmountFree

Other Features

Charge TypeOther features-1Other features-2Other features-3Other features-4Other features-5Other features-6Other features-7Other features-8
Description of ChargesStop payment (Single cheque)Stop payment (Series cheque)Cheque return (Inward) for financial reasonCheque return (outward) home locationCheque return (outward) other locationECS ReturnsCIBIL report copy chargesRepayment schedule charges
Charges / Fee AmountRs. 100Rs. 150Rs. 300 per ChequeRs. 50 per ChequeRs. 50 per ChequeRs. 100 per ChequeNILFree on half yearly frequency. Rs. 100 on adhoc request

Debit Card

Charge TypeDebit Card       
Description of ChargesIssuance, Annual Charges & ReplacementCash Withdrawal (ATM's) Home NetworkCash Withdrawal / Balance Inquiry at Other ATMs within IndiaPOS Limit on Debit CardDaily withdrawal Limit
Charges / Fee AmountIssuance – FreeAnnual Charges – Rs. 150 p.a.FreeFirst 5 txn free per month, thereafterBalance Inquiry – Rs. 8.50 per txnCash Withdrawal – Rs. 20 per txnRs. 1,00,000Rs. 50,000

Master Circular – Kisan Credit Card (KCC) Scheme by RBI

Circular Details Click Here

Kisan Credit Card Application Form PDF

View the KCC Form Click Here

CLICK HERE DOWNLOAD the PDF Application Form

Kisan Credit Card Announcements you should follow:

Farmers can avail Rs.4,000 under PM Kisan Yojana
The Pradhan Mantri Kisan Samman Nidhi Yojana has offered financial assistance to almost 9 crore farmers in India (PM-KSNY).
The Indian government recently delivered the eighth payment of the overall relief package under the plan, in which a total of 20 thousand crore rupees was transferred to the accounts of about 9.5 crore Indian farmers.
If you are a farmer and meet the conditions, you can also benefit from this programme.If you are a new applicant, you can register on the scheme's official website by going to https://pmkisan.gov.in/ by June 30.
If you register by June 30, you will be eligible for two payments as part of this programme. If you register in June, you will receive the first instalment of Rs.2,000 in July.
You will receive a cash help of Rs.6,000 per year if you enrol for this plan. The money will be transferred in three payments of Rs.2,000 every four months to your bank account.
2021-06-02 00:00:00

7 lakh Bengal farmers Proposed to receive a monetary bonus of Rs.2,000 in their bank accounts.  
Under the Pradhan Mantri Kisan Samman Nidhi (PMKSN) yojana, the Indian government deposited Rs.2,000 in the accounts of 7,000 farmers from Bengal.
After Bengal became the newest member of the programme, the government deposited the funds on Akshaya Tritiya and Eid.
Agriculture Minister Narendra Singh Tomar has requested that Bengal Chief Minister Mamta Banerjee give the government permission to transfer the funds into the bank accounts of qualified farmers. More than 9.5 crore farmers in India would profit from the scheme.
2021-05-20 00:00:00

The Indian government has allocated Rs.20,000 crore to nearly 9.5 million farmers.
The Indian government has allocated more than Rs.20,000 crore to the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) initiative, which would assist more than 9.5 crore farmers.
West Bengal has also joined the plan, which would help more than 7 lakh farmers in the state, according to India's Agriculture Minister Narendra Singh Tomar.
More than 14 crore farmers would get Rs.6,000 crore in three equal instalments each year under the plan.

Additional benefits will be provided under the PM. Samman Kisan Nidhi Yojana (Nidhi Yojana) is a government
In 2019, the Pradhan Mantri Kisan Samman Nidhi Yojana was launched to assist farmers in obtaining simple loans for their land, crops, and other requirements. The initiative provides farmers with Rs.6,000 each year. Obtaining a Kisan credit card, on the other hand, has been made easy for applicants.
The applicants will no longer be required to see the authorities. They will be able to register for the portal by themselves. If an application has registered but has not yet received benefits, they can use the site to monitor the status of payments. Only the applicant's Aadhaar card number, cellphone number, and bank account would be required.

28 April 2021

In Jammu and Kashmir, the Kharif-2021 campaign gets off, with the Director of Agriculture kicking things off.
The Director of Agriculture, K.K. Sharma, launched the Kharif 2021 campaign and met with farmers in the Sub-Divisions Marh and Samba. A delegation led by Shahid Iqbal Sheikh, Joint Director Agriculture (Extension), A. S. Reen, Chief Agriculture Officer Jammu, and others paid a visit to kick off departmental activities.
The Director met with farmers in Marh and Pounichak and discussed with field workers on taking the required steps to double the income of farmers by 2022. This would occur as a result of the implementation of several government programmes like as the Kisan Credit Card, Pradhan Mantri Fasal Bima Yojana, and the Soil Health Care Scheme, among others.
Following the beginning of the programme, the Director and Shahid Iqbal Sheik, Joint Director, delivered new Basmati rice types to farmers in Koulpur village.

20 April 2021

In Jammu and Kashmir, the Kharif-2021 campaign gets off, with the Director of Agriculture kicking things off.
The Director of Agriculture, K.K. Sharma, launched the Kharif 2021 campaign and met with farmers in the Sub-Divisions Marh and Samba. A delegation led by Shahid Iqbal Sheikh, Joint Director Agriculture (Extension), A. S. Reen, Chief Agriculture Officer Jammu, and others paid a visit to kick off departmental activities.
The Director met with farmers in Marh and Pounichak and discussed with field workers on taking the required steps to double the income of farmers by 2022. This would occur as a result of the implementation of several government programmes like as the Kisan Credit Card, Pradhan Mantri Fasal Bima Yojana, and the Soil Health Care Scheme, among others.
Following the beginning of the programme, the Director and Shahid Iqbal Sheik, Joint Director, delivered new Basmati rice types to farmers in Koulpur village.
2021-04-20 00:00:00

The PM Kisan Samman Nidhi Scheme would provide Rs.6,000 to fisherman across the country.     
According to Union Defense Minister Rajnath Singh, fishermen would be included in the Pradhan Mantri Kisan Samman Nidhi Scheme.
According to the minister, as part of the PM Kisan Samman Nidhi Scheme, the central government will give Rs.6,000 to fishermen every year. Under the plan, fishermen will be issued the Kisan Credit Card as well as loans.

29 March 2021

In Bihar, more than 30% of KCC accounts are inactive.
According to the government, more than 30% of Kisan Credit Card accounts in Bihar are non-performing assets, and the state falls behind the rest of the country in KCC coverage.
According to the Agricultural Census 2015-16, 17 percent of farmers in Bihar are covered by the Kisan Credit Card (KCC), compared to 91 percent in Odisha, 44 percent in Jharkhand, and 59 percent in West Bengal.
25th of March, 2021

Kisan Credit Card coverage is being expanded by the government.
Farmers who were meant to get Kisan Credit Cards under the PM-Kisan Samman Nidhi programme were expected to get them as well (KCC).
However, just around half of the recipients have got the card, according to statistics. Only 1.56 crore farmers in Uttar Pradesh received the cards, despite a target of 2.4 crore farmers. The Uttar Pradesh agricultural department has ordered a district-level campaign to expand KCC coverage to all beneficiaries by April 15, 2021.
16th of March, 2021

Aquaculture producers will benefit from a partnership between Bank of Baroda and Aquaconnect.
Aquaconnect and Bank of Baroda have teamed together to give up to 1.6 million farmers in the aquaculture business access to finance. With the Union Budget concentrating on the development of the fisheries industry, this cooperation may be extremely helpful to farmers, connecting them to financial and technological needs.
Under the Kisan Credit Card initiative, the Bank of Baroda and Aquaconnect would provide credit loans to farmers at interest rates starting at 10% per annum. Farmers will also have access to additional services from the Aquaconnect platform, such as high-quality inputs and advice services.
The Bank of Baroda would provide loans up to Rs.10 lakh under the KCC programme, while the Pradhan Mantri Matsya Sampada Yojana will provide larger credit limits.
15th of March, 2021

Conclusion

The Kisan Credit Card, a government of India initiative, is designed to relieve Indian farmers of the burden of high-interest rates levied by unorganized money lenders.

This plan provides farmers with a credit facility with interest rates as low as 2% and a collateral-free loan of up to 1.6 lakh, as well as complementary insurance coverage.

Farmers will benefit from the payback timetable since it will coincide with agricultural harvesting and selling season.

You may apply to any participating Bank according to your choice.

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