Kisan Credit Card 2022 - Eligibility, Benefits and How to Apply

Kisan Credit Card 2022 - Eligibility, Benefits and How to Apply: Kisan Credit Card (KCC) is a scheme of the Indian government. Farmers usually take loans from lenders in the organized sector for high interest rates and suffer a lot when they have to repay the loan in a fixed period. The Indian government is trying to help the farmers from these lenders by offering loans at very low interest rates.

Eligibility For Kisan Credit Card

Any farmer or a group of farmers who are individually farming or involved in activities connected to farmers are eligible to apply for Kisan credit card (KCC). Owners or cultivators, tenant farmers or sharecroppers in agricultural land are eligible. Self help groups also can apply for. The farmers who want to apply for Kisan credit cards should be residents of the operational area of the bank from where the farmer is taking the credit card.

Benefits of Kisan Credit Card

Kisan credit card helps the farmers to get loans for agriculture purposes at very low interest rates. The maximum loan amount that they can get is Rs. 3 lakhs. They can purchase items using credit cards. If the cardholder makes the repayment at regularly, the minimum interest rate is applied on the loan they have taken. This way the farmers can avoid taking loans at high interest rates.

Documents Required For KCC

The following documents are needed to apply for Kisan credit card. must submit their identity & address. The applicant can submit any one of the below given documents.

Proof of Identity:

PAN card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI

Proof of Address:

Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank account statement also is valid. The bank also asks for passport size photographs.

Rs 2 lakh crore Concessional credit boost to 2.5 crore farmers through #KisanCreditCards; Fishermen and Animal Husbandry farmers will also be included in this drive#AatmaNirbharBharatPackage pic.twitter.com/Dbv3D7wpqt
— PIB India (@PIB_India) May 14, 2020

How to Apply for Kisan Credit Card

To apply for Kisan credit card, the applicant should visit the website of the bank from which they intend to take the card. Application is available which has to be downloaded, filled and it should be submitted to the bank along with all the necessary documents. The loan officer will scrutinize the details, share information with the farmer and when the loan is sanctioned, will send the card to the applicant. After receiving the KYC they can start using the card. Farmers can also visit the nearest bank for details about Kisan credit card.