What is SBI Kisan card?

The. State Bank of India. ‘s (SBI) Kisan Credit Card (KCC) provides timely and adequate credit to farmers to meet their cultivation expenses. It also addresses farmers’ contingency expenses and expenses related to ancillary activities via a simple procedure allowing borrowers to avail loans basis their needs.

Who is eligible for Kisan Credit Card?

The applicants must be able to pool out a production credit of Rs. 5,000 or more to become eligible for the KCC. The KCC can be availed of for crop production, non-farm activities or other allied undertakings. To avail of Kisan Credit Card, the farmers must prove their identity and address.

Which bank can issue Kisan Credit Card?

The Reserve Bank of India has issued guidelines on Kisan Credit Card (KCC) scheme from time to time.

What is KCC interest rate?

Interest and Other Charges on Kisan Credit Cards The interest rate on the KCC differs from one bank to other along with its credit limit. However, the interest rate of KCC can be as low as 2% and averaging at 4%.

What are the benefits of Kisan Card?

Benefits of a Kisan Credit Card

  • The process to disburse credit to the farmers has become easier and even those who are illiterate have benefited from the same.
  • The farmer gets flexibility when it comes to repaying the loan amount.
  • There is a provision to increase the credit limit depending upon the agricultural income.

Can I get credit card with 10000 salary?

Only a very few lenders will have credit cards for people who have a salary of Rs. 10,000. Apart from your salary, your credit history will also be checked, if you want to qualify for these credit cards. If you have a good credit score, you have a better chance of getting approved for a reasonable credit limit.

What is Kisan credit card limit?

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

What is the validity period of the Kisan Credit Card?

5 years
What is the validity period of the Kisan Credit Card? This validity period is 5 years.

How does the SBI kisan credit card help farmers?

The various ways the SBI Kisan credit card provides aid to the farmers are: Cardholders will earn interest on the credit balance that they maintain in their Kisan Credit Card account Farmers will get interest subvention at 2.00% per annum on loans up to Rs. 3.00 lakh.

What is kisan credit card scheme of State Bank of India?

State Bank of India offers the Kisan Credit Card scheme to farmers to provide them with the required credit for crop production, emergency expenses, allied agricultural activities, etc. The loan is disbursed to farmers using a simple sanction process with easy documentation.

How to review kisan credit card online without visiting a branch?

Farmers can now review their Kisan Credit Card accounts using the SBI online portal without visiting a bank branch. You have to download the SBI YONO app and log into the portal https://www.sbiyono.sbi/index.html Then, go to YONO Krishi and then click on ‘Khata’. Then, go to KCC Review section, and then click on ‘Apply’.

What are the benefits offered by the SBI KCC?

Some of the important benefits offered by the SBI KCC are: For a loan of around Rs.3 Lakh, interest subvention available at 2 percent per annum SBI has taken a step to support the Indian farmers by sanctioning their loan application with a low-interest rate and flexible tenure.