SBI Kisan Credit Card : State Bank of India (SBI) offers credit cards to farmers and people involved in agricultural activities to meet their financial, agricultural and emergency needs.
SBI Kisan Credit Card is not only limited to the agricultural needs of the farmer but also helps him to meet his personal expenses, medical needs, marriage of children and educational expenses etc.
SBI Kisan Credit Card Interest Rate 2022
- The total loan amount will vary according to the agricultural production. This will be five times the total income of the farmer per year.
- The loan amount to the farmers will be half of the total value of the agricultural land. The maximum amount shall not exceed Rs.10 lakh.
- Farmers need to submit land records, farm income details, proof of identity and address and other required documents to approve their SBI credit card request. 1 lakh agricultural land and other assets will be used as loan security.
Who can apply for SBI Kisan Credit Card
- A person coming from the peasant class.
- Farmers in the age group of 18 to 75 years.
- Those who do animal husbandry and fisheries can apply in this scheme.
- nimal husbandry and fisheries get loans up to 2 lakhs.
Benefits of SBI Kisan Credit Card
- To receive interest at the savings rate on giving credit balance.
Free Delivery of ATM cum Debit Card. - Interest subvention is available at the rate of 2 per cent per annum for loans up to Rs.3 lakh.
Additional interest subvention is available at the rate of 3 per cent per annum for prompt repayment.
Apply Online for SBI Kisan Credit Card
SBI has taken a step to support Indian farmers by approving their loan application with low interest rate and flexible tenure. Individuals, tenant farmers, landlords and sharecroppers are eligible for (SBI Kisan Credit Card) .
- Farmers can apply for online application form from nearest branch of State Bank of India.
- SBI Kisan Credit Card Online Application SBI Form Available.
- You can fill the application and submit it to the branch manager.
- They will review the documents and pass on your loan application.
- You can use a credit card as soon as your loan application is passed and you have got the card.
- For more details you can contact on SBI Kisan Credit Card helpline number.
