KCC - Kisan Credit Card To Get Interest At Savings Rate

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KCC was launched in 1998 by Indian banks in order to help there farmers of the nation get loan against their land. Government banks such as SBI, Bank of India, IDBI Bank offer KCC loan or Kisan Credit Cardloan to empower the farmers of the nation. Being a farmer takes a lot of patience as you work continuously and wait whether or not your crop is going to help you. In case of emergencies, you find it difficult to manage your life because it is totally dependent on your farming. So, to be able to handle such situations, you can read this article to know more about the product and where can you get. I have given details of SBI KCC credit card and IDBI KCC credit card.


SBI KCC Loan Features

You may go through the features of SBI KCC loan below:

  • Free ATM cum debit SBI KCC card for all borrowers
  • Interest subvention @2%p.a. is available for loan amount upto Rs. 3 Lacs
  • Additional interest subvention @3% p.a.for prompt repayments
  • Notified crops / notified areas are covered under crop insurance for all KCC loans

IDBI Bank Agri Business Group Advantage

  • Enabled Kisan Credit Card (KCC)
  • Hassle free Agri Gold Loan Scheme
  • Online application facility

IDBI Bank Agri Business Group Features

  • Provide loans for equipments required for agriculture
  • Provide loans for heavy machinery like power tillers, tractors etc.
  • Financing against warehouse receipt
  • Loans for expansion of irrigation amenities, lifting of water by installation of pump sets, covering sinking of wells/bore wells etc.
  • Provide loans to the dealers and distributors of seed, fertilizers, pesticide etc.

Eligibility

  • All farmers-individuals/Joint borrowers who are owner cultivators.
  • Tenant farmers, Oral lessees and Share Croppers etc.
  • SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers etc.,

How can you apply for this credit card?

KCC credit card is easy to get just like any other credit card. The basic eligibility criteria is required in order to apply for this card. If you match that, you can easily apply for at the bank branch. The documentation process is also simple.

What is unique about KCC credit card

With KCC, a farmer can get funds at very low interest rates which can help you tackle financial challenges coming their way. Through this facility, all eligible farmers will have the privilege to meet their needs for cultivation or for living so that their life is stable.

On the basis of the information on KCC, you may be able to identify which bank you want to choose for your credit card. You can then proceed further and complete the process.
Location: India

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