Kisan Credit Card Yojana 2024: Most of the people in the country are associated with agriculture. Agriculture sector is an important part of the economic structure of the country. For this reason, the government pays special attention to farmers. This includes PM Kisan Samman Nidhi Yojana, Kisan Insurance Scheme, Subsidy Scheme on Agricultural Machinery, Irrigation Scheme, Solar Pump Scheme and Kisan Credit Card.
This news is especially important for those farmers who want to apply for the loans available under it. These schemes provide economic support to farmers through PM Kisan Samman Nidhi Yojana, Kisan Bima Yojana, Subsidy Scheme on Agricultural Machinery, Irrigation Scheme and Solar Pump Scheme, thereby improving their productivity and livelihood.
If you are a farmer, then it is good news for you that under a great scheme provided by the government, you get the facility of 5% interest rate instead of 10% on Kisan Credit Card loan. With this, you can get the necessary finance for your farming operations and earn more profits by growing your crops properly.
Kishan credit card Yojana 2024 (KCC):
Kisan Credit Card is a facility through which it becomes easier for farmers to get agricultural loans. This card is very important for the farmer brothers, and is available only to those farmer brothers who qualify for it. Through this, many farmers take loans for agriculture because through this they get financial support for seeds, fertilizers, and medicines for their agriculture.
Objectives of Kishan credit card Yojana 2024:
To provide timely and adequate credit to farmers to meet their production credit requirements (agricultural expenses), emergency and support activities related expenses. Through a simplified process, borrowers can avail credit as per requirement. Providing facilities.
Kishan credit card Yojana 2024 Eligibility:
As for who will get the Kishan credit card, currently all the farmers are not eligible, only a few farmers will get the Kisan Credit Card. Here are the eligibility standards for Kisan Credit Card:
• To get Kisan Credit Card, it is necessary that the person’s land is in his name.
• Those farmer brothers who do agriculture on someone else’s land will not get a credit card.
• If all the members in a family do agriculture, then only the head of the family will get a credit card.
• To obtain Kisan Credit Card, it is necessary that the name of the farmer is not included in the income tax records.
| All those farmers and borrowers who are owner farmers. |
| Marginal farmers, verbal tenants, sharecroppers, etc. |
| Self-help groups or joint liability groups of farmers, which include marginal farmers, sharecropper farmers, etc. |
Loan Tenure and Transaction Limits:
Tenure of loan: 5 years, with annual increase of 10%, subject to annual review subject to eligibility. Rupee Debit Card for all eligible KCC borrowers.
Important documents for Kisan Credit Card application:
Application Form for Credit Card: There is a qualification that is required to apply for Kisan Credit Card.
Two passport size photographs: Two recent passport size photographs of the applicant are required to be submitted along with the application.
ID Proof: Any government recognized identity proof is required. This may include documents like driving license, Aadhar card, voter ID card, passport, etc.
Address Proof: Address proof is required, and can include documents like driving license, Aadhar card, etc.
Proof of land ownership: To verify land ownership, a document certified by the revenue authorities is required.
Crop Pattern Information: It should provide with information about the crops to be grown. It helps in evaluating the agricultural activities and credit requirements of the farmer.
Benefits of Kishan credit card Yojana 2024
Through Kisan Credit Card, a loan of Rs 1.60 lakh is provided to farmers, which is provided without any guarantee or security. Under this scheme, farmers receive several benefits, such as crop insurance facility, payout up to Rs 50,000 on permanent disability and death, and insurance up to Rs 25,000 on other risks.
rate of interest:
Up to Rs 3.00 lakh – 7% per annum, subject to interest being approved by Government of India, for which it is mandatory to submit Aadhaar details (as applicable) to the Bank.
Above Rs 3.00 lakh – As applicable from time to time.
Processing Fee:
- KCC limit up to Rs 3.00 lakh: Nil
- Limit above Rs 3.00 lakh: 0.35% of loan limit + GST
- This may change from time to time.
How to apply for Kishan credit card Yojana 2024?
To apply for Kisan Credit Card follow the steps mentioned below:
- First you have to visit the official website of the bank where the facility to apply for this scheme is available. If your account is in any other bank, you will have to apply by visiting the official website of that bank.
- You have to submit the required forms and required documents on the bank’s website so that your credit card application can be submitted. You must ensure that you meet the eligibility standards of the scheme and that the required documents are correct and complete before you apply.
- After this, by following the instructions available on the bank’s website, you can complete the application process and get Kisan Credit Card under this scheme.
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FAQ’S: Kishan credit card Yojana 2024
What is Kishan credit card Yojana 2024?
Kisan Credit Card Yojana 2024 is a facility through which it becomes easier for farmers to get agricultural loans.
One benefit of Kishan credit card Yojana 2024?
Through Kisan Credit Card Yojana 2024, a loan of Rs 1.60 lakh is provided to farmers.
How to apply for Kishan credit card Yojana 2024?
To apply for Kishan credit card Yojana 2024 First you have to visit the official website of the bank where the facility to apply for this scheme is available. If your account is in any other bank, you will have to apply by visiting the official website of that bank.
