FEATURES OF KISAN CREDIT CARD

By: Vaishnavi Barthwal

Anyone engaged in agriculture and allied activities can avail this loan.

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Involvement of paperwork and documentation is minimal. [{ "selector": ".qakop-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

A lot of flexibility in the repayment tenure is provided.

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It provides loan at a very reasonable rate of 2%- 4%

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It gives insurance coverage (personal accident & asset) for the recipient.

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It offers facility to withdraw cash as per farmer’s requirement.

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The card has a five year validity period. [{ "selector": ".nqbbj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

No collateral is required for loans that amount up to Rs. 1.6 lakh.

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A loan of Rs.3 lakh can be sanctioned and produce marketing loans can be obtained.

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Rescheduling of loans and conversion is provided in case of any natural calamity