Kisan Credit Card : The role of the bank is very important in making KCC. Because these cards are being made by the bank. But even in this, additional benefits are available by taking a card from the State Bank of India. Let’s know.
KCC: The central government is running a scheme to give Kisan Credit Card (KCC) to the farmers of the country. Under this scheme, a special type of credit card is given to the farmers, through which loans are provided to the farmers on time. This scheme was started in 1998 to provide short term loans. It was prepared by the National Bank of Agriculture and Rural Development (NABARD).
It is Cheaper to Take Loan Through KCC
It is very cheap to take loan through Kisan Credit Card. Apart from this, now the PM Kisan Credit Card has been linked to the Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan). You can take a loan of up to Rs 3 lakh from KCC at 4% interest rate.
At the same time, it has become easy for the beneficiaries of PM Kisan to apply for KCC. The role of the bank in this campaign is very important. Because these cards are being made by the bank. But even in this, additional benefits are available by taking a card from the State Bank of India. Let’s know.
More Than 2 crore KCC Issued During The Corona Period
According to PIB, ‘More than 2 crore Kisan Credit Cards were issued during Corona, most of which were given to small farmers. Such farmers will be benefited from the infrastructure of agriculture and the connectivity infrastructure coming in the country.
KCC is given to meet the needs of farmers in farming, fisheries and animal husbandry sectors. Through this, they get a loan in a short time, so that they can meet the equipment and other expenses. At the same time, the credit limit has also been fixed for this.
Interest Rate is Very Low
Farmers get loans from banks at very low interest rates for sowing crops. This loan is given only through Kisan Credit Card. Under this scheme, farmers are given loans up to Rs 3 lakh without guarantee. At the same time, short term loans of Rs 5-3 lakh are given at an interest rate of only 4 percent.
The government gives a subsidy of 2 percent on this loan. At the same time, a rebate of 3 percent is given on repaying the loan on time. In this way, this loan is available only at 4 percent, but if there is a delay in repayment of the loan, then the interest rate of this loan sits at 7 percent.
This is How KCC Can be Made From SBI
For SBI Kisan Credit Card, your account should be in SBI. You can apply for KCC by visiting the bank branch. Apart from this, you can apply for Kisan Credit Card using YONO app through your mobile phone at home. All you have to do is apply for Kisan Credit Card by visiting the YONO agriculture platform.
Steps to Apply Online
Step 1: Download SBI YONO App
2: Login to https://www.sbiyno.sbi/index.html
3: Go to YONO Agriculture
4: Next to Khatam
5: KCC Review Section Go to
6: Now Click on Apply
