Kisan Credit Card Scheme 2022 | KCC Beneficiaries, ROI & Application Process

Kisan Credit Card Scheme 2022: Government of India since the independence has been very active for the upliftment of farmers. It is for this reason, GOI has launched a large number of schemes especially for the farmers of the country. Among these schemes, Kisan Credit Card Scheme is one of the most important schemes which deserves a discussion. So, let us know in details about it through the sections below.

What is Kisan Credit Card or KCC?

The Kisan Credit Card (KCC) scheme is a credit scheme introduced by Indian banks in August 1998 to provide term loans for agricultural needs. This scheme of providing credit to farmers for purchasing seeds, fertilizers, agricultural machinery, etc. was prepared by the National Bank for Agriculture and Rural Development (NABARD). The main objective of Kisan Credit Card or KCC is to meet the comprehensive credit requirements of the agriculture sector by giving financial support to farmers.

Who disburses the KCC?

Participating institutions which provides Kisan Credit Card to farmers include all commercial banks, Regional Rural Banks, and state co-operative banks.

Features of Kisan Credit Card Scheme

The KCC scheme has short term credit limits for crops, and term loans. In addition, KCC credit holders are covered under personal accident insurance up to ₹50,000 for death and permanent disability, and up to ₹25,000 for other risk. The validity period of KCC is five years, with an option to extend for up to three more years. In addition, the Farmers will get a smart cum debit card and with the flexible repayment schedule of the loan amount.

Regarding the types of Kisan Credit Card (KCC) offering credit to the farmers, this is of two types namely –

  1. Cash Credit
  2. Term Credit ( for allied activities )

Overview of KCC Scheme 2021

Scheme NameKisan Credit Card
BeneficiariesFarmers in agriculture, fisheries and animal husbandry.
Interest RateStarts from 4%
CollatoralNil up to certain Limit
Disbursed byAll commercial banks, Regional Rural Banks, and state co-operative banks.
Renewal Period5 Years

Who are eligible for Kisan Credit Card Scheme?

Kisan Credit Card is available only to those farmers and individuals who satisfy the following eligibility criteria –

  • Aged between 18 to 60 Years.
  • Should own agricultural land or rented land for agriculture.
  • The land should be active in agriculture.
  • Borrower should have a good credit record.

How to Apply for Kisan Credit Card Scheme?

The farmer or individual having the above eligibility can approach the nearest commercial banks to avail the KCC scheme. The bank in turn shall undergo the formalities regarding the documentation process. Thus, within a period of 10 to 15 days the farmers will be given the smart cum debit card with the sanctioned loan amount for withdrawal.

Direct Link to Apply for KCC Scheme

Here the direct link to apply for Kisan Credit Card according to the commercial banks is added for the interested. Thus, following the links below the willing ones can visit the Banks official website and apply for the KCC online.

Bank NameOfficial Website
State Bank of IndiaClick Here
Bank of IndiaClick Here
Bank of BarodaClick Here
Bank of MaharashtraClick Here
Central Bank of IndiaClick Here
Canara BankClick Here
Indian BankClick Here
Indian Overseas BankClick Here
Punjab National BankClick Here
Punjab & Sind BankClick Here
Union Bank of IndiaClick Here
UCO BankClick Here

Frequently Asked Questions

What is KCC or Kisan Credit Card?

Kisan Credit Card is is a credit scheme introduced by Indian banks to provide term loans for agricultural needs.

When was the KCC Scheme launched?

The scheme was launched in August 1998.

What is the interest rate for KCC?

A minimum of 4% is the interest rate for this loan.

Who is the Disbursing Authority for KCC?

Scheduled Commercial banks are the disbursing agency for the KCC.

How can I apply for the KCC?

The interested and eligible ones should approach the commercial banks regarding this.

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