Kisan Credit Card (KCC) is providing short-term credit to farmers, it’s also an excellent way to finance the purchase of agricultural machinery. Farmers can use the credit from their KCC to buy equipment like reaper attachments or power weeders.
Loan Amount: Depending on the farmer’s landholding and cultivation needs, loans up to Rs. 5 lakh can be sanctioned.
Interest Rate: The government provides interest subvention (lower interest rates), reducing the financial burden on farmers.
Using the KCC for purchasing farm machinery and equipment allows farmers to make high-end machines more affordable.
Eligibility for Kisan Credit Card
All farmers – individuals/Joint cultivator owners.
Tenant farmers, oral lessees and share croppers etc.
SHGs or Joint liability groups including tenant farmers.
All the beneficiaries of PM Kisan Samman Nidhi Yojana.
Documents Required for Kisan Credit Card
Duly filled KCC application form along with self declaration.
Identity proof: Voter ID card / PAN card / Passport / Aadhaar card / Driving License