Want to Apply for KCC Loan SBI? Do Read This

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In order to provide timely and adequate credit to the farmers to fulfill their production credit needs, there is no denying the fact that KCC Loan SBI is something you should be aware of. If you want to know more about the same, just go through the article below.


Who is Eligible for the Loan?
  • All farmers-Individual/joint borrowers who are owner-cultivators.
  • Tenant farmers, oral lessees and sharecroppers, etc.
  • SHGs or joint liability groups of farmers including tenant farmers, sharecroppers,etc.
Loan Amount

Features
  • The short term credit limit is fixed for the first year depending upon the crops cultivated as per proposed cropping pattern & scale of finance
  • post-harvest/ household / consumption requirements
  • For a KCC limit of up to Rs.3 lakh, the bank has waived the processing charges
Collateral security is waived for
  • a. limit of up to Rs.1 lac
  • b. Get a limit of up to Rs.3 lacs for loans which come with tie-up arrangement recovery
Disbursement of the Loan
As per the cultivation requirement of the crop, the loan will be disbursed in cash.
Repayment
Kharif (mono)
(1st April to 30th September) - 31st Jan
Rabi crop (mono)
(1st October to 31st March) - 31st July
Double /Multiple Crops
(Kharif & Rabi seasons) - 31st July
Long term Crops
(All around the year) - 12 months (from the date of the first disbursement)
The borrowers need to route their farm proceeds or other credits into the KCC account.  And, which comes with a minimum loan amount along with the interest and other
How to apply for the loan
An applicant may contact our nearest branches engaged in agricultural advance or even talk to the marketing officers visiting the village.
Kisan Credit Card Application
You can easily apply for the card by simply visiting the nearest bank branch of SBI. Soon after visiting the bank, you need to contact the officials and ask for a Kisan Credit Card application form, fill it and submit the same with relevant documents. The bank after successful verification of the details would issue you a credit card.


Credit Card Limit
Talking about credit limit, it varies from lender to lender. However, one thing that needs to be mentioned here is the fact that the financial institutions would take the crop type and area on which the crop is being cultivated into account. Not only this, the institutions also check the income of the farmer.
Documents Required
The farmer will be required to furnish certain documents in order to get KCC loan SBI. The list of documents has been given below.
  • Completely filled an application form
  • Identity Proof-Aadhar Card/ PAN card/ Voter ID card/ Driving License
  • Proof of Address – Voter ID card/ Electricity bill/ Aadhaar card/ Lease agreement
Benefits of the Card
  • You have the flexibility as far as loan repayment is concerned.
  • You can increase the credit limit, based on the agricultural income.
  • The interest rates are comparatively lower as compared to other.
Location: India

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