The Kisan Credit Card plan is a government of India initiative that gives farmers access to loans periodically. NABARD National Bank for Agriculture and Rural Development established the Kisan Credit Card (KCC) scheme in 1998 to offer farmers short-term formal credit. The Kisan credit card (KCC) was created to protect Indian farmers from the high-interest rates charged by unorganized money lenders. Farmers can take out a loan whenever they need it. Clients who make regular payments are charged a lower rate of interest, which is dynamic. Read below to check the detailed information related to the Kisan Credit Card Yojana 2022 like Highlights, Objectives, Features, Benefits, Eligibility Criteria, Application Procedures, and much more.
Kisan Credit Card Yojana 2022
The KCC scheme was formed to guarantee that farmers in the agriculture, fisheries, and animal husbandry sectors were able to meet their credit obligations. This was accomplished by assisting them in obtaining short-term loans and offering them a credit limit that they could use to buy items and cover other expenditures. They will be offered a loan of Rs. 1 lakh 60 thousand as a result of this. Furthermore, farmers who use KCC are excluded from the high-interest rates associated with traditional bank loans, as the interest rate for KCC starts at 2% and averages at 4%. The low-interest rate and easily accessible of this type of loan aim to ensure that farmers’ credit needs in various sectors such as agriculture, fisheries, and animal husbandry are met without delay.
Also check: Pradhan Mantri Mudra Loan Yojana
Highlights of Kisan Credit Card Yojana
| Scheme Name | Kisan Credit Card Yojana |
| Initiated by | Central Government |
| Beneficiary | Farmers of the country |
| Objective | To provide a low-interest tax credit |
| Application Process | Online |
| Official Website | Kisan Credit |
Objectives of Kisan Credit Card Yojana
The primary goal of the Kisan Credit Card Loan is to provide low-interest loans to farmers. Farmers used to rely on money lenders who charged a high rate of interest and were strict about the due date before this scheme. This caused a lot of problems for farmers, especially when they were hit by natural disasters like hailstorms and droughts. Kisan credit card loans, on the other side, have a lower interest rate and a more flexible repayment schedule. Crop insurance and collateral-free insurance are also available to users.
Also Check: PM Kisan Mandhan Yojana
Benefits of Kisan Credit Card Yojana
Some of the key benefits of the Kisan Credit Card Yojana 2022 are as follows:
- The Kisan Loan Yojana is available to farmers involved in agriculture and related activities.
- The Kisan Credit Card loan amount varies by bank and can be as high as 3 lakh in some cases.
- The repayment process for Kisan Credit Card loans is versatile and can be executed after the harvest season.
- The Kisan credit loan has an easy and rapid payment process.
- The Kisan Credit Card loan offers discounts and assistance when purchasing fertilizers, seeds, and other agricultural supplies.
- The Pradhan Mantri Kisan Credit Card provides insurance coverage of up to 50,000 in the event of permanent disability or death.
- If the Kisan credit card loan amount is less than Rs.1.60 lakh, most banks do not require you to provide collateral.
- The interest rate, which is currently 4% on average, varies by bank and can be as low as 2%.
- Depending on the reimbursement history and credit history, more discounts on interest charged against a loan on the Kisan credit card may be provided.
- The Kisan credit card loan can also be used to cover post-harvest expenses.
- The Kisan Credit Yojana provides a 25,000 insurance cover for other risks.
- Other charges, such as processing fees, insurance premiums, mortgage charges, and so on, differ from one bank to the next.
Features of Kisan Credit Card Yojana
Some of the features of the Kisan Credit Card Yojana 2022 are as follows:
- Users are provided with crop insurance coverage against a variety of calamities.
- The loan’s interest rate could be as low as 2.00 percent.
- On loans of up to Rs. 1.60 lakh, banks will not seek security.
- The reimbursement period is determined by the harvesting and marketing of the crop.
- The farmer is covered by insurance against permanent disability, death, and a variety of other risks.
- Farmers who deposit money in the Kisan Credit Card account will benefit from a high-interest rate.
- The cardholder can take out the highest loan of Rs. 3.00 lakh.
- When farmers pay on time, they are charged a simple interest rate.
- When cardholders struggle to deliver timely payments, compound interest is charged.
Eligibility Criteria
Applicants who want to apply for the Kisan Credit Card Yojana 2022 must fulfill the eligibility criteria put forward by the Government of India. The eligibility criteria for Kisan Credit Card Yojana 2022 are as follows
- The applicant’s age must be in between 18 to 75 years
- If the borrower is a senior citizen (over 60 years old), a co-borrower is required, and the co-borrower must be a legal heir
- Individual/joint cultivators, owners, and all other farmers are eligible
- Tenant farmers, oral lessees, sharecroppers, etc are eligible
- Tenant farmers are included in SHGs or joint liability groups
- The farmer who works with animals like poultry and dairy or fisheries like Inland Fisheries, Marine Fisheries, and Aquaculture
Required Documents
While filling up the application form for ESIC Registration Online Kisan Credit Card Yojana 2022, some important documents will be needed by the applicants, make sure to keep them handy. The documents required for Kisan Credit Card Yojana 2022 are as follows:
- Application Form
- Applicant’s passport size photograph
- Valid Identity Proof like Aadhaar card, Voter ID card, PAN card, Driving license, etc
- The valid Address Proof like Aadhaar card, PAN card, Driving license, Voter ID card, etc
- Valid Documents of Land
- Other documents like security PDC as requested by the issuing bank
Steps to Apply for Kisan Credit Card Yojana 2022 Online
Applicants need to follow the below-given steps to apply for the Kisan Credit Card Yojana 2022 online
- First of all, go to the official website of the issuing bank
- The homepage of the website will open on the screen.
- Click on the Kisan Credit Card Yojana
- After that, click on the Apply button
- Once you will click on the link, an application form will open on the screen
- Now, fill in the form with all the required details
- After that upload all the required documents
- Now, review and recheck the application form to avoid any mistakes
- Finally, click on the Submit button to complete the application process
- On successful submission, An Application Reference Number will be sent to you
- An Application Reference Number is used to track the application status
- Applicants can receive a confirmation within the next 3 to 4 working days
Steps to Apply for Kisan Credit Card Yojana 2022 Offline
Applicants need to follow the below-given steps to apply for the Kisan Credit Card Yojana 2022 offline
- First of all, go to the official website of the issuing bank
- The homepage of the website will open on the screen.
- Now, download the application form
- Fill in the form with all the required details
- After that attach all the required documents
- Now, submit the application form to the nearest branch of the issuing bank to complete the application process
Kisan Credit Card Scheme Target
| District Name | Credit Card |
| Azamgarh Division | 10148 |
| Aligarh Circle | 2187 |
| Agra Division | 2863 |
| Gorakhpur Division | 10349 |
| Prayagraj Division | 7758 |
| Kanpur Division | 5703 |
| Ayodhya Mandal | 8239 |
| Chitrakoot Circle | 4096 |
| Jhansi Division | 3321 |
| Devipatan Mandal | 2811 |
| Meerut Division | 4552 |
| Bareilly Division | 3097 |
| Basti Mandal | 3701 |
| Vidyanchal Mandal | 3888 |
| Moradabad Division | 8409 |
| Varanasi Division | 5254 |
| Lucknow Division | 12130 |
| Saharanpur Division | 1494 |
Banks Top Kisan Credit Cards
| S. No. | Credit Card | Credit Limit | Maximum Tenure |
| Axis Kisan Credit Card | Up to Rs.2.50 lakh (in the form of a loan against the card) | Up to 1 year for cash credit Up to 7 years for term loans | |
| HDFC Kisan Credit Card | Credit limit of up to Rs.3 lakh | 5 years | |
| BOI Kisan Credit Card | Up to 25% of the farmer’s estimated income (but not exceeding Rs.50,000) | N/A | |
| SBI Kisan Credit Card | Based on the crop cultivation and cropping pattern | 5 years |
Contact Us
For further details or in case of any query or complaint related to the Kisan Credit Card Yojana 2022, feel free to contact on the below-given details:
Helpline Number: 011-24300606