Kisan Credit Card 2023: PM Kisan Credit Card Scheme Application 2023 | Kisan Credit Card 2023 Apply Online Process | PM Kisan Credit Card Scheme 2023 Apply | How to Apply for Kisan Credit Card Scheme? Benefits of Kisan Credit Card | Apply for Kisan Credit Card Online in India.
The central government has issued new guidelines on Kisan Credit Cards. For so long, only the owners of their own land have been getting the ‘Kisan Credit Card facility, but from now on, according to the new rules, those who are involved in animal husbandry and fish farming and all share farmers will be able to come under this scheme.
|Name of the scheme||Pradhan Mantri Kisan Credit Card Yojana, India|
|Managed By||Government of India|
|Beneficiary||Farmers of India|
|Launched By||PM Narendra Modi|
|Purpose||To provide low-interest loans to farmers of India.|
|Application process||Online / Offline|
That is what the Union Minister for Agriculture and Farmers’ Welfare Shri Narendra Singh Tomar said. What is Kisan Credit Card? We will the followings through today’s article.
Kisan Credit Card Online Application Procedure? What documents are required? How much money will you get in interest? How much money will be loaned? We will discuss everything in detail.
What is Kisan Credit Card 2023?
Kisan Credit Card is a government credit scheme launched by Indian banks in August 1998. Under this scheme, farmers get low-interest loans for agricultural needs. It has been a great success for the National Bank of Agriculture and Rural Development India in the field of food grains.
The central government made arrangements to provide loans for the benefit of the farmers of the country. The government has taken steps to provide loans to farmers through Kisan Credit Card. This scheme helps farmers, fishermen, and pastoralists.
This card will help farmers to get low-interest loans. The country’s major banks such as the State Bank of India (SBI) are offering this credit card facility. In today’s report, we will discuss the benefits of Kisan Credit Card, how to apply for Kisan Credit Card, who is eligible for Kisan Credit Card.
Objectives of Kisan Credit Card 2023
The Union Finance Ministry has announced a loan of Rs 2 lakh crore to benefit 2.5 crore farmers through the Kisan Credit Card (KCC) scheme. Under the management of Finance Minister Nirmala Sitharaman, plans have been taken to provide loans to farmers through this Kisan Credit Card. As per the announcement of the Finance Minister, the KCC scheme is beneficial for both fishermen and pastoralists.
This optimistic project of the Center for Farmers will help the farmers to get low-interest loans. State Bank of India, the country’s largest bank, is offering these credit cards to farmers. Farmers can easily apply for Kisan Credit Card by filling up a form.
Which Banks Issue Kisan Credit Card?
- Co-operative Bank
- Regional Rural Bank
- National Payment Corporation of India
- State Bank of India
- Bank of India
- Industrial Development Bank
Benefits of SBI Kisan Credit Card 2023:
If you have a Kisan Credit Card, you will get various benefits. For example –
1) Kisan Credit Card or KCC account will get interested at the rate of savings on the credit balance.
2) Free ATM cum Debit Card (State Bank Kisan Card) will be provided to all KCC borrowers.
3) Loan amount up to Rs. 3 lakhs.
4) Crops or notified areas will be covered by crop insurance for all KCC loans.
5) The amount of salt for the first year will be determined on the basis of cultivation cost, post-harvest cost and farm maintenance cost.
6) Loans will be approved on the basis of financial growth under the SBI KCC scheme for the next five years.
7,) The security of the deposit has been waived up to the limit of KCC up to Tk 1.60 lakh.
8) Kisan Credit Card limit will be considered on the security of deposit.
9) In case of non-payment of loan within the stipulated time, interest will increase at the rate of the card.
How to download the Kisan Credit Card form?
To download the KCC form, log on to the official website https://pmkisan.gov.in/. After logging in to the website, choose the option of Download Kisan Credit Card (Download KCC Form) from Farmers Corner. Print the form from here and fill it out. Then go to the nearest bank and deposit it. The government limits the card to five years.
Interest Rate – 6% Interest Rate.
From KCC farmers are given salt up to three lakh rupees. Although the interest rate on salt is 9 percent, the government subsidizes 2 percent in KCC. Thus, farmers get salt at the rate of 6% in KCC.
In this case, if the farmers repay the loan ahead of time, they will get a discount of up to three percent on the interest. That means the total interest amount will be 4 percent.
Kisan Credit Card Apply Online Method
Farmers who own their own land or who are involved in animal husbandry and fish farming and all share farmers can apply for this KCC scheme. For this, you have to open the official website of pmkisan.gov.in and go to Farmers Corner and click on the Download KCC Form option.
Then you have to download a PDF of the KCC Form. Fill in the form with all the documents and go to the local bank to anesthetize.
What documents are required for Kisan Credit Card?
The documents required by the farmer to apply for Kisan Credit Card are –
- The age of the farmer should be 18 to 75 years.
- Voter ID card.
- Aadhaar card.
- Own bank account.
- PAN card.
- Also passport size photo of the farmer.
However, it is important to know that if the farmer has any other allowance or any other loan, then he can not apply for a ‘Kisan Credit Card apply online’.
The Union Finance Ministry has announced a loan of Rs 2 lakh crore to benefit 2.5 crore farmers through the Kisan Credit Card (KCC) scheme. Under the management of Finance Minister Nirmala Sitharaman, plans have been taken to provide loans to farmers through this Kisan Credit Card.
As per the announcement of the Finance Minister, the KCC scheme is beneficial for both fishermen and pastoralists.