Farming is a difficult profession. Waiting for the right season necessitates significant capital and other resource investments. Even then, there are a lot of things that could go wrong: there could be a new bacteria or virus that kills crops or there could be a lot of rain that causes flooding. Farmers need to spend time working in their fields despite all of this. What’s more, that necessities funding. The KCC plan was designed to meet farmers’ credit needs in the agriculture, fishing, and animal husbandry sectors.
Kisan Credit Card Scheme 2024
As the name suggests, a Kisan Credit Card is a sort of credit made to help farmers, through which farmers get money from banks at cheap rates. The Reserve Bank of India, the Government of India, and NABARD launched the Kisan Credit Card Yojana 2024 in 1998. As a result, the program was given the name Kisan Credit Card. On the off chance that you have not yet profited yourself of the advantage of the Kisan Credit Card, then you can go to any of your closest banks and apply for the Kisan Visa Plan. Under the years 2024, credits up to ₹ 300,000 were made accessible to farmers at a loan fee of simply 4%.
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Benefits of the Kisan Credit Card scheme
The Kisan Credit Card’s best features and benefits are as follows:
- The farmers are given credit to meet their financial requirements for all kinds of exercises, alongside post-gather costs Credit is likewise accommodated horticultural machines like siphons or for dairy cattle.
- A loan of up to 3 lakh is available to farmers.
- Also provides coverage for up to 50,000 yen in the event of a death or permanent disability.
- Certain qualified farmers are likewise given a charge card and a reserve funds ledger.
- There are numerous and adaptable methods of repayment.
- assistance with the purchase of fertilizers, pesticides, and other products in addition to cash discounts from merchants After the harvesting season is over, the credit can be repaid.
- Credit is accessible for as long as 3 years For loans up to 1.6 lakhs, there is no need for collateral.
Eligibility Criteria
Here are the qualification rules for the Kisan Credit Card scheme:
- Any farmer who also owns land and cultivates it
- People are in a gathering and are joint borrowers, who are moreover joint cultivators Sharecroppers or tenant farmers
- Joint liability groups (JLGs) comprised of sharecroppers, farmers, tenant farmers, and other groups
- Farmers who are associated with crop creation or related exercises
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Documents Need
The following are the required documents for a Kisan Credit Card:
- A filled and signed application form
- ID proof (Aadhaar, Driving license, Voter ID)
- Copy of address proof
- Land documents
- Passport-sized photo
- Other documents if required by the bank
Step to Apply for Kisan Credit Card (KCC) in 2024
Online Application Process:
- Explore to the site of your favored bank offering the Kisan Credit Card scheme.
- Select the Kisan Visa Credit Card the gave rundown of administrations.
- Click on the ‘Apply’ button, which will guide you to the application page.
- Complete the application form with the necessary details and continue to click ‘Submit’.
- Upon accommodation, you will get an application reference number.
- Qualified candidates can hope to hear back from the bank inside 3-4 working days for additional handling.
Offline Application Process:
- Visit the nearest branch of the bank that gives the Kisan Credit Card scheme.
- Request and fill out the application form, it is given to guarantee all expected information.
- Present all important records alongside the finished application form at the branch.
- For security purposes, collateral may be required if the loan amount exceeds Rs. 1.6 lakh.
- The requested sum will be credited to the farmer’s account within the allotted time frame once the entire procedure has been completed.
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Final Words
The Kisan Credit Card (KCC) drive highlights the government’s steadfast commitment to upgrading the prosperity of farmers and their families. By giving quick monetary help, the KCC empowers farmers to make pivotal interests in their territory. Their ability to adopt cutting-edge technologies as a result boosts both their earnings and operational effectiveness. Thus, the drive contributes altogether to the monetary improvement of rustic networks. To completely understand the advantages of the KCC scheme from now on, it is basic to grow mindfulness among additional farmers and guarantee its judicious use.