Kisan Credit Card Yojana: Farmers often need funds for their agricultural activities and often find ways to secure them. The Government of India has launched the Kisan Credit Card Yojana in cases where farmers need financial assistance but do not have the required funds. The scheme provides loans to farmers at significantly lower interest rates.
What is Kisan Credit Card Scheme? (What is Kisan Credit Card Yojana?)
| Name of the scheme | Kisan Credit Card Scheme |
| who started | Central Govt |
| When did it start? | 1998 |
| beneficiary | All the farmers in the country |
| Interest rate | 4% (on loans up to ₹300000) |
| Official website | https://pmkisan.gov.in/ |
The central government administers the Kisan Credit Card scheme, which offers farmers access to low-interest loans from banks. The Government of India launched this scheme in 1998, in partnership with the Reserve Bank of India and NABARD. Called Kisan Credit Card Yojana, the initiative aims to support farmers with affordable credit options.
NEW VERSION: Farmers who are new to Kisan Credit Scheme can easily apply for agriculture loan at their local bank. By presenting their land documents and filling the necessary details, they can secure a loan of up to ₹300,000 at an attractive interest rate of 4% for the year 2024 with Kisan Credit Card Yojana.
To be eligible for a loan through this scheme, there are certain requirements that need to be fulfilled. All the necessary details can be found in this article, so make sure to read it thoroughly.
Benefits of Kisan Credit Card Yojana
- Loans are given very easily under Kisan Credit Card Scheme.
- On taking a loan under this scheme, the interest rate is very cheap as compared to other loans.
- The benefit of this scheme is given to all the farmers of the country.
- This scheme was started by the Government of India in the year 1998.
- With the help of this scheme, the agriculture of the farmers will improve.
Interest Rate Under Kisan Credit Card Yojana
If you have availed a loan through the Kisan Credit Card Scheme, it is important to be aware of the applicable interest rates. In case you are unaware, it is worth noting that the government offers a 3% discount on interest rates for loans up to ₹300,000.
The Kisan Credit Card is known for its affordability, with the central government offering a 2% subsidy and a 3% discount on interest rates. This means that for loans up to ₹300000, the interest rate is capped at 4%.
Documents Required to Apply for Kisan Credit Card Scheme
- Aadhaar card of application
- PAN card
- Bank account statement
- address proof
- Income certificate
- Caste Certificate
- All farm documents
- mobile no
- Passport size photograph
How to Apply Online for Kisan Credit Card Scheme? (How to Apply Online for Kisan Credit Card Yojana?)
If you want to apply online under Kisan Credit Card Scheme, you can apply in this scheme by following the step by step process given below:
- To apply for a loan under Kisan Credit Card Yojana , first of all you have to visit your nearest bank branch.
- After this, you have to go there and ask for the application form of this scheme.
- After this, you have to read and enter all the information asked in this application form of Kisan Credit Card Yojana .
- After this, you have to attach photo copies of all the required documents with this application form .
- After this, you have to submit this application form and photocopies of all required documents to the bank branch .
- After this, your application form will be thoroughly checked.
- If your loan gets approved , the loan amount will be transferred to your bank account.
- By following these steps, you can also apply under Kisan Credit Card Yojana very easily.
Important Links
| Official website | Click here |
| home page | Click here |
Kisan Credit Card Yojana (FAQ’s)
What is the validity period of Kisan Credit Card?
The validity period of Kisan Credit Card is 5 years.
What is the age limit to apply for Kisan Credit Card?
To apply for Kisan Credit Card your minimum age should be 18 years and your maximum age should be 75 years.