SBI KISAN CREDIT CARD (KCC) | How to Apply, Kisan Credit Card within 15 days
भारतीय स्टेट बैंक किसान क्रेडिट कार्ड (केसीसी) | आवेदन कैसे करें, किसान क्रेडिट कार्ड 15 दिनों के भीतर
Purpose:
To provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses, and expenses related to ancillary activities through simplified procedure facilitating av ailment of the loans as and when needed.
From September 1, getting Kisan Credit Card would become easier. From September 1, KCC would be issued within 15 days. The Central Government has already issued a notice to various Indian banks in this regard.
Who are eligible for the Kisan Credit Card?
- Owner cultivators, tenant cultivators and Share croppers.
- Agricultural borrowers having good track record for the last 2 years (i.e., Maintaining standard loan accounts).
- Creditworthy new borrowers can also be financed.
Loan amount
- Loan amount is based on operational land holding ,cropping pattern and ancillary and contingency needs of the farmer for the full year
- 100% of the cultivation cost available as loan upto Rs 50000/ and 85 % of the cost as loan above Rs 50000/. Expenses to meet important ancillary activities to production can also be financed in addition to the above The total limit is inclusive of 20% of production credit, which includes crop production expenses and working capital for allied agricultural activity, as contingency credit /consumption loan.
Disbursement of the Loan on Kissan Credit Card
As per the cultivation requirements of the crop, the loan will be disbursed in cash .
Security
Loan amount upto Rs 50000/
Hypothecation of Crops.
Above Rs 50000/ upto Rs 100000
(1) Hypothecation of crops.
(2) Mortgage of land or third party guarantee *
Above Rs 100000/
(1) Hypothecation of crops
(2) Mortgage of lands
*For loans upto Rs 1 lac to farmers having legal ownership of agricultural lands with good track record for last 2 years, no collateral is required
How do you repay
- It is a revolving cash credit limit with any number of withdrawals and repayments and Limit is valid for 3 years.
How to apply for the loan
You may contact nearest branches engaged in agricultural advance or even talk to the marketing officers visiting village.
Top City List in India for Loans
Ahmedabad, Aurangabad, Amritsar, Agra, Thiruvananthapuram, Trivandrum, Allahabad, Bangalore, Baroda, Bhiwadi, Bhopal, Bhubneshwar, Chandigarh, Rewari, Chennai, Cochin, Coimbatore, Cuttack, Dehradun, Delhi, Faridabad, Gaziabad, Gurgaon, Guwahati, Hosur, Hyderabad, Indore, Jabalpur, Jaipur, Jamshedpur, Kanpur, Kochi, Kolkata, Lucknow, Ludhiana, Madurai, Mangalore, Mysore, Mumbai, Nagpur, Nasik, Navi Mumbai, Noida, Patna, Pune, Ranchi, Raipur, Sahibabad, Surat, Thane, Trichy, Vadodara, Vishakapatanam, Vizag
