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Friday, 26 August 2016

Kisan Credit card Free Easy loan for Farmer

Kisan Credit card KCC: Kisan credit card is one of the most popular schemes of central government and state government. Under the किसान क्रेडिट कार्ड (केसीसी), popular banks like SBI provides easy and fast loan to KCC card holder.  Basis objective of the farmer credit card is to full fill the farmers basic debt requirement like agriculture expenditure, additional contingency expense for auxiliaries activities.  Credit and fund provided through a simplified procedures provided on the basis of requirement of farmer.
A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agriculture and Rural Development (NABARD) in 1998-99 to help farmers access timely and adequate credit.

Eligibility criteria: all farmers are eligible for Kisan credit card who are jointly or indivisibly owner of their land.  Common farmer, rent tenant farmer will be also eligible for this scheme
Loan amount –  
    Kisan Credit card Free Easy loan for Farmer
  •  loan provided for short term for first year which will be based on through the proposed crops on the land of the farmer and value of raised crop in the land
  • Loan will be provide for Post harvest / Household / consumer need, agriculture assets etc
  • Loan will be offered for personal accidents PAIS, and asset maintenance. 
  • Each next year (2nd year, 3rd year, and 4th year) loan amount limited will be raised by 10%. approximate 150% Loan will be financed in the 5th year
  • All the investment like expenditure on agriculture machinery ,  maintenance of sprayer , plow etc  , will be sanctioned  during the determination of KCC limit  which will be 1 year of short term time duration . 
  • All the little amount investment like purchasing or maintenance of agriculture investment etc will be determined in 2nd year to 5th years but maximum withdrawal limit of cocnered years  needs for such expenditure debt will be included. 
Features of Kisan credit card ; each farmer will get ATM cum debit card  which will be known as Kisan debit card .  Farmer can withdrawal their amount from ATM or POS terminal. 
If there will be amount in the Kisan credit card bank account then interests will be paid. 
Processing fee will be applicable upto 3 lakh loan . 

How to apply
for Kisan credit card: all eligible farmer can apply in the nearest SBI branch of zila Sahkari bank limited.  Application form is available free of cost. 
Candidates are required attach land record photo copy,  and passport size photo gram .    

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