About Kisan Credit Card (KCC)
Loanpao’s Kisan Credit Card (KCC) scheme provides farmers in India with flexible credit up to ₹3 lakh for agricultural and allied activities. Introduced by the Government of India, KCC offers low-interest loans to meet crop production, post-harvest expenses, and farm maintenance needs, along with crop insurance benefits.
Why Choose Kisan Credit Card?
- Interest Rates: 4% - 7% per annum (with interest subvention)
- Loan Amount: Up to ₹3,00,000
- Tenure: Flexible, up to 5 years
- Disbursal within 3-7 days
- No collateral required
- Includes crop insurance under PMFBY
- Flexible repayment aligned with harvest cycles
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant Type | Individual farmers, tenant farmers, or sharecroppers |
| Age | 18 - 75 years |
| Land Ownership | Owned or leased agricultural land |
| Activity | Engaged in agriculture or allied activities |
| Credit History | No defaults with banks |
What Documents Do You Need?
- KYC: Aadhaar, PAN, or voter ID
- Land Documents: Ownership or lease agreement
- Crop Details: Cultivation plan or crop type
- Income Proof: Last 6 months’ bank statements
- Address Proof: Utility bill or ration card
- Passport-size photographs
- Farmers’ ID (if applicable)
Competitive Interest Rates & Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| SBI | 4.0% - 7.0% | ₹500 - ₹1,000 |
| Bank of Baroda | 4.5% - 7.0% | ₹500 - ₹1,500 |
| Punjab National Bank | 4.0% - 6.5% | ₹300 - ₹1,000 |
| Canara Bank | 4.5% - 7.0% | ₹500 - ₹1,200 |
| Cooperative Banks | 4.0% - 6.8% | ₹200 - ₹1,000 |
Extra Charges:
- Late Payment Charges: ₹100 + 2% on overdue amount
- Card Renewal Fee: ₹100 annually
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of May 2025 and subject to change.
Calculate Your EMI
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How to Apply for Kisan Credit Card
- Contact a participating bank or cooperative society.
- Fill out the KCC application form with personal and agricultural details.
- Submit KYC, land documents, crop details, and bank statements.
- Undergo verification of land and agricultural activity.
- Receive KCC with approved credit limit.
- Access funds via ATM, cheque, or bank withdrawal.
Common Questions About Kisan Credit Card
What is the Kisan Credit Card?
A credit facility for farmers to meet agricultural and allied expenses.
Who can apply?
Farmers, tenant farmers, or sharecroppers aged 18-75 with agricultural land.
What is the maximum credit limit?
Up to ₹3,00,000, based on land and crop needs.
How long does disbursal take?
Within 3-7 days after verification.
Is collateral required?
No collateral is needed for loans up to ₹1.6 lakh.
What is the repayment tenure?
Flexible, up to 5 years, aligned with harvest cycles.
Are there special offers?
Apply by 31st May for free crop insurance for the first year.
What can the funds be used for?
Crop production, post-harvest expenses, and allied activities like dairy or poultry.
Does KCC include insurance?
Yes, it includes crop insurance under PMFBY.
What happens if I default?
Late fees and potential credit score impact may apply after due notice.