FAQ: How Kisan Credit Card Works?

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What is the interest rate of Kisan Credit Card?

KCC or the Kisan Credit Card is a government scheme to provide cash-access to farmers at very low interest rates. The Minimum KCC interest rate is 2% per annum.

Is Kisan Credit Card a credit card?

Features and Benefits of Kisan Credit Card (KCC) KCC is a revolving cash credit account wherein farmers can use credit as per their requirements.

Can we withdraw cash from Kisan card?

Yes, you can withdraw money from a kisan credit card. This will help farmers make necessary purchases of seeds, fertilizers, payments to labourers or even pesticides in cash. Withdrawal of cash is limited based on the credit limit offered on the Kisan credit card.

What are uses of Kisan Credit Card?

The Kisan credit card is a government scheme that lets farmers take loans at concessional rates to save them from the exorbitant rates usually charged by moneylenders in the unorganised sector. Sometimes the interest rate offered under this scheme can be as low as two percent.

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What is the limit of Kisan Credit Card?

Top Kisan Credit Cards by Banks

Credit Card Credit Limit
Axis Kisan Credit Card Up to Rs.2.50 lakh (in the form of a loan against the card )
BOI Kisan Credit Card Up to 25% of the farmer’s estimated income (but not exceeding Rs.50,000)
SBI Kisan Credit Card Based on the crop cultivation and cropping pattern

Who is eligible for KCC loan?

Eligibility for Kisan Credit Card Loan Minimum Age – 18 years. Maximum Age – 75 years. In case a borrower is a senior citizen (age more than 60 years), a co-borrower is mandatory where the co-borrower should be a legal heir. All farmers – individuals/joint cultivators, owners.

How can I get PM Kisan Credit Card?

You can apply for a PM Kisan credit card online as well as offline. There are several banks in India, such as Axis Bank, State Bank of India, HDFC Bank, etc., that offer you the benefits of the PM Kisan Credit Card Yojana.

How can I check my Kisan KCC status?

Step 1: Go to the CSC PM KCC Portal, by visiting the website, to https://eseva.csccloud.in/ KCC /Default.aspx. Step 2: Now, log into the portal using your CSC ID and the password. Step 3: Select ‘ View Status ‘. Step 4: You will be redirected to a new page you need to enter your Kisan credit card application ID.

Which bank gives KCC?

KCC can be obtained from any Co-operative Bank, Regional Rural Bank (RRB). This card can also be taken from SBI, BOI and IDBI Bank or National Payments Corporation of India (NPCI) that issues RuPay KCC.

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How can I withdraw money from Kisan card?

Farmers can withdraw cash up to the credit limit offered to them by the bank. Withdrawing the cash can be done by using withdrawal slips available at the bank branch and the kisan credit card passbook. Cheque book facility is also available to the farmers who have a credit limit of Rs 25000 and above.

How do I check my Kisan balance?

PM Kisan Status Check 2021 8th & 9th installment can be done on the official website portal pmkisan.nic.in. All the beneficiaries of PM Kisan Samman Nidhi Yojana can check pmkisan.gov.in Status Beneficiary list 2021 8th Installment Kist direct in the bank account and check the balance now.

How can I activate pm Kisan account?

Step 1: Go to the official website of PM Kisan scheme – https:// pmkisan.gov.in/. At ‘Farmers corner’ you will find ‘New registration option’, just click on it. Now a new page will open. Step 2: Write your Aadhaar number on the new page, after which the registration form will open.

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