Kisan Credit Card Scheme is a Government of India scheme that provides farmers with timely access to credit. It was launched in 1998 with the aim of providing short term formal credit to farmers and was created by NABARD.
Through KCC, farmers can take a loan of up to Rs 3 lakh at 4 % interest. Now it has also become easy for the beneficiary of PM Kisan to apply for KCC. According to media reports, more than 2 crore Kisan Credit Cards were issued during the Corona period. Most of these cards were given to small farmers.
KCC was started to meet the needs of farmers associated with farming, fisheries and animal husbandry. Its purpose was to provide them with a credit limit for a short period of time.
The biggest feature of KCC is that farmers have to pay less interest in it. Its interest rate starts from 2 % and an average of 4%. With the help of this, farmers can repay the loan after the harvest. Farmers get a lot of help through this scheme.
In a recent development government has decided to give KCC to all Fish Farmers of the Country.
In this article you will come to know about the eligibility to apply for Kisan Credit Card & how to check balance.
Eligibility Criteria for Kisan Credit Card Loan Scheme:
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Individual Farmers or Joint Borrowers of the cultivable land & are engaged in Farming or related activities.
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Individual and owners as well as cultivators
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Tenant Farmers, Oral Leases & Shared Croppers of the cultivable lands
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Self Help groups or joint Liability groups formed by shared croppers or tenant farmers
KCC Loan Application Process:
The application process for the Kisan Credit Card can be done online (by visiting the official website of the bank, you wish to apply for) as well as offline (by visiting the branch of the bank of your choice or downloading the application form from the website of the bank as well.
Kisan Card Balance Check
To check the Kisan Credit Card balance, you have to contact the customer service center of the public sector bank that has provided you with the Kisan Credit Card or you can also visit the bank’s branch to check the balance in your account.
