Kisan Credit Card was started by the government to save the farmers from this. The question is how to make Kisan Credit Card? So let us tell you the easiest way to make a card.
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The Kisan Credit Card loan scheme, launched by the Government of India in 1998, is one of the schemes aimed at providing short-term credit to farmers in the agriculture, fisheries and animal husbandry sector. Through this, farmers can get short-term loans that help them buy equipment and manage other expenses.
Who is eligible for Kisan Credit Card
- According to RBI’s Master Circular on Kisan Credit Card Scheme, these people are eligible
- Farmers – Individual / Joint borrowers who are owner farmers
- Tenant farmers, oral lessees and sharecroppers
- Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, sharecroppers etc.
Features of Kisan Credit Card
- Farmers can take loan up to Rs. 3 lakh and also get marketing loan.
- It also provides insurance cover for the plan holders up to Rs.50,000 in case of permanent disability or death and up to Rs.25000 in case of other risks.
- It provides assistance in the purchase of fertilizers, seeds, etc. as well as obtaining cash discounts from traders/dealers.
- The credit is available for a period of up to 3 years and can be repaid after the harvest season is over.
- No collateral will be required for loans up to Rs 1.60 lakh.
How to Apply for Kisan Credit Card
- Interested persons have to visit the bank
- Fill the required application with all the details
- Before approval, the bank will check the credit score of the applicant
- Bank applicant’s land holding, cropping pattern, income etc. will also be checked.
Documents Required for Kisan Credit Card
- Duly filled and signed application form.
- Copy of Identity Proof like Aadhar Card, PAN Card, Voter ID, Driving License etc.
- Copy of Address Proof Document like Aadhar Card, PAN Card, Voter ID, Driving License. The proof must contain the current address of the applicant to be valid.
- land document.
- Passport size photograph of the applicant.
- Other documents such as security PDC as requested by the issuing bank.
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