Kisan Credit Card Loan Yojana 2024- KCC Loan Scheme Apply

Kisan Credit Card Loan Yojana 2024: First of all you should be a farmer, if you are a farmer then in this scheme you can apply in Kisan Credit Card Apply 2024, along with this you can do all kinds of work related to farming and if you want to take this farming work forward, then you will be given a loan by the government through Kisan Credit Card at low interest.

With this Kisan Credit Card Loan Yojana 2024 started by the government, you can take a loan for farming at the lowest interest by mortgaging your land anytime, this loan / card is also called Kisan Credit Card or Green Card in common language.

This central government has run the Kisan Credit Card Scheme only for farmers, so that farmers can be made financially strong. What has to be done to apply in Kisan Credit Card Apply 2024, what will have to be done to apply in this and who can apply in it, what documents are required, what will be the maximum and minimum limit, how many farmers of what age will be able to apply, it is mentioned below.

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What is Kisan Credit Card Loan Yojana 2024?

If we understand the government created the Kisan Credit Card in a way, then it is a scheme to take a loan from the government, which is given by it at cheap interest so that farmers can get some relief, this scheme was started in 1998 by the Government of India, Reserve Bank of India and NABARD, which was named Kisan Credit Card.

Suppose you have ever taken a loan from Kisan Credit Card Yojana before or have not taken it. In that case, you can go to the nearest bank of your city and submit the documents of your land, complete some other formalities, and take a loan from Kisan Credit Card Loan Yojana 2024 for agriculture.

Kisan Credit Card Scheme 2024 interest rate

In Kisan Credit Card Scheme 2024, farmers can be provided loans from Rs 1 lakh to Rs 10 lakh at an interest rate of only 3% to 6%, to take a loan from this scheme at 3% to 6% interest, some important things have to be kept in mind

Kisan Credit Card Loan Scheme Apply 2024 Documents

See below about which documents will be required in this Kisan Credit Card Loan Scheme 2024

• Farmer’s Aadhar Card
• PAN Card
• Permanent address should be there
• Income Certificate
• Local Full Address
• Farmer’s Bank Account Diary etc. Documents should be there
• Residence Certificate
• Caste Certificate
• Land Documents
• Mobile Number
• Passport Size Photo

What are the benefits of Kisan Credit Card Loan Scheme 2024

The terms and conditions of Kisan Credit Card Loan Scheme 2024 are much less than the terms of bank loan .It is very easy and also easy.

• The interest rate of the loan available in Kisan Credit Card Loan Scheme 2024 is very low compared to all the banks.
• In Kisan Credit Card Loan Scheme 2024, farmers benefit from it because they get rid of moneylenders and do not have to pay high interest, which gets rid of the exploitation of farmers.
• By making Kisan Credit Card of farmers, those farmers can easily do other work like sowing seeds in the fields, plowing the fields, labor in the fields and irrigation.

When do you get interest back in Kisan Credit Card 2014 Loan Scheme

When you take a loan from Kisan Credit Card Loan Scheme, first of all you should know their interest rates so that you should remember the date and pay the amount you took on that date, whatever loan you have deposited on the second or third day, then you can take back that loan.

The Kisan Credit Card Loan Kisan Credit Card has taken, whatever outstanding amount is there from the interest rate before one year, so that whichever loan amount is not paid, you can get that loan back. Whatever your interest rate is, you get 3% of that interest rate back as incentive amount and you are eligible to take Kisan Credit Card Loan Scheme 2024 to take loan again.

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Duration of Kisan Credit Card Loan Scheme 2024

Kisan Credit Card which works like another overdraft, so that you can withdraw as much money as you want when you have to pay interest. Kisan Credit Card which is given for 5 years and after 5 years you can renew that Kisan Credit Card loan by depositing the interest.

What is Kisan Credit Card Loan Overdraft

Kisan Credit Card Loan Overdraft and Overdraft which is a loan given by the bank to its farmer customers, there is no money in it, still you can withdraw money because there is a fixed limit of overdraft which is determined by the bank or by the farmer.

The interest rate of this loan depends on the bank from which you are taking loan from Kisan Credit Card. After it is made, you can withdraw money whenever you want and from the same time You will have to pay interest and deposit that amount in the bank.

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Kisan Credit Card Loan Scheme 2024 Apply Online Process – Steps

1. For the Kisan Credit Card Loan Scheme, you will have to go to your nearest bank branch
2. After going to the bank, you will have to fill the application form of this scheme there
3. All the documents required for Kisan Credit Card Loan Scheme 2024 will have to be photocopied and attached with it
4. After this, submit the form of Kisan Credit Card Loan Scheme in the bank

Institutions Offering Kisan Credit Card Loans

Along with the top banks, many local banks are also offering Kisan Credit Card schemes to their users. Some of them are given below.

1. State Bank of India – Many people prefer to get State Bank of India Kisan Credit Card. This is because the interest rate on SBI Kisan Credit Card starts from 2.00% per annum on loans up to Rs.3.00 lakh.
2. HDFC Bank – The interest rate on their loans is around 9.00% and the maximum credit limit is Rs.3.00 lakh. The benefits are not limited to this; if a farmer suffers from crop failure then he can get an extension on the loan for 4 years or more. The crops grown using the loan funds are also insured against natural calamities or pest attacks.
3. Axis Bank – Axis Bank Kisan Credit Card loan charges an interest rate of 8.85%. However, the bank provides loans at lower interest rates as per the government subsidy schemes.
4. There are also other local banks that provide Kisan Credit Card loans like Odisha Gramya Bank, Bangiya Gramin Vikash Bank, etc.

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Kisan Credit Card Loan FAQs

What is the interest rate applicable for a Kisan Credit Card loan?

The interest rate is decided by the bank and depends on several factors such as the farmer’s past credit history, area of cultivation, crop under cultivation, etc.

Do farmers also get insurance with Kisan Credit Card loan?

Yes, farmers also get insurance on Kisan Credit Card loan for personal accidents and assets and the National Crop Insurance Scheme covers crops eligible for KCC.

In what areas can a loan on Kisan Credit Card be used?

• Expenses related to crop production
• Funds for day-to-day activities (working capital)
• Expenses incurred on maintenance of farm assets and other allied activities like dairy animals etc.
• Yes, if you are a farmer or engaged in farming or non-agricultural activities, you can apply for a Kisan Credit Card.