Kisan Credit Card Schemes 2023: Under this Kisan Credit Card Scheme (Kisan Credit Card Yojana), KCC to provide KCC to more than 25 lakh Pradhan Mantri Kisan beneficiaries across the country and more than 2,000 bank branches in rural areas. Has been provided ! Task assigned! Note that owner farmers, as well as tenant farmers, can avail loans on this Kisan Credit Card Scheme (KCC Loan) at attractive interest rates to meet their farming needs!
Kisan Credit Card Schemes 2023
Kisan Credit Card Scheme (Kisan Credit Card Yojana) was started in 1998 with the objective of providing short term formal loans to the farmers. Under this scheme (KCC Scheme) along with owner farmers, tenant farmers too! You can avail loans at attractive interest rates to meet your farming needs! The government has also simplified the application process of the scheme (KCC scheme) to increase interest in farmers. The payment is also simple and depends on the crop season. Due to which the debt burden of the farmers has reduced.
Eligibility for Kisan Credit Card Scheme?

All farmers in Kisan Credit Card Scheme (Kisan Credit Card Yojana) – individual / joint farmer owner
Tenant cultivator, oral tenant and sharecropper, etc.
A joint responsibility group including SHG or tenant farmers.
Features and Benefits of KCC: Kisan Credit Card Schemes 2023
Farmers earn interest at the savings bank rate on credit balance in KCC Yojana (Kisan Credit Card Yojana)! ATM withdrawal debit card will be given! So that they can withdraw money from KCC (KCC Scheme) accounts at ATMs and Point of Sale (POS) terminals! Interest Subvention @ 2% p.a. Available for loan amount up to Rs.1.60 Lakh! Additional interest subvention at the rate of 3% per annum for faster payment to farmers!
Prime Minister Kisan KCC Scheme
Recommended crops/suggested area under Crop Insurance (KCC Scheme) for all KCC loans! The loan amount for the first year will be calculated on the basis of cost of cultivation, post-harvest cost and maintenance cost of the farm. Loan approval to farmers for the next 5 years will depend on the increase in the scale of financing. Security waived for KCC limit up to Rs 1.60 lakh!
The approved Kisan Credit Card Yojana limit will be considered for the purpose of determining the collateral security requirements. Simple interest at the rate of 7% per annum for one year or till the due date, whichever is earlier.
Kisan Credit Card Scheme: Kisan Credit Card Schemes 2023
In case of non-payment on due dates in Kisan Credit Card Yojana, interest is charged at the card rate! After the due date, interest will be compounded half yearly. For the crops for which the loan is given, the repayment period can be fixed according to the expected crop and marketing period. KCC (KCC Scheme) provides short-term loans to farmers at an interest rate of 4 percent, subject to timely repayment!
How to apply for Kisan KCC Card?
- To apply for Kisan Credit Card Scheme (Kisan Credit Card Yojana), first of all go to the official website of the bank!
- Select ‘Kisan Credit Card’ from the available list of Credit Cards (KCC Scheme) and click on the ‘Apply’ button!
- You will be redirected to the online application page. Fill the required fields with correct details before clicking on ‘Submit’.
- Once the application is submitted, the system will generate an Application Reference Number. Farmer (Farmer) note it down and use it for all future questions!
interest rate of kcc scheme
For loans under KCC Scheme, for one year or till the due date of repayment! Whichever is earlier, 7% simple interest will have to be paid every year. In case of non-payment on the due dates in the Kisan Credit Card Scheme, interest is charged at the card rate. However, if the payment fails after the due date, the interest will be compounded half-yearly. Farmers will get the benefit of this Kisan Credit Card Yojana online!