Tittle: Complete information of kisaan credit card: eligibility, silent features, documents
File Type: KCC credit cards complete details
File Language: Kannada
Which Department: Education
published date: 13-01-2020
File format: jpg
File size: 344 kb
Number of pages: 02
Availability for download: Yes
Availability of website link: No
Scanned copy: Yes
Editable Text: No
Copy text: No
Print Enable: Yes
File size reduced: No
Password protected: No
Password Encrypted: No
Image file Available: Yes
Cost: free of cost
Go Green!!! Print this only this is necessary
Features and benefits
Get interest at saving bank rate on credit balance in KCC account.
Free ATM cum debit card (State Bank Kisan Card) for all KCC borrowers
Interest subvention @2% p.a is available for loan amount upto Rs. 3 Lacs
Additional interest subvention @3% p.a for prompt repayments
Notified crops / notified areas are covered under crop insurance for all KCC loans
Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-harvest expenses and farm maintenance cost
For subsequent 5 year loan will be sanction on the basis of increase in scale of finance
Collateral security is waived for KCC limit upto Rs. 1.60 lac.
Sanctioned KCC limit will be considered for the purpose of fixing collateral security requirement
Simple interest @7% p.a will be charged for one year or upto the repayment due date, which ever is earlier.
In case of non-repayment within the due dates interest is applied at card rate
Beyond due date interest will be compounded half yearly
The repayment period may be fixed as per the anticipated harvesting and marketing period for the crops for which a loan has been granted.
All farmers – individuals/Joint cultivator owners
Tenant farmers, oral lessees and share croppers etc.
SHGs or Joint liability groups including tenant farmers.
Duly filled in application form
Identity proof- Voter ID card / PAN card / Passport / Aadhaar card / Driving License etc
Address proof: Voter ID card / Passport / Aadhaar card / Driving license etc