Government waived the charges for making KCC
Hemlata Khandelwal / 2021-09-08 05:03:11Union Agriculture Minister says that by linking data of Kisan Credit Card and data of PM-Kisan, Rs 2.40 lakh crore credit flow has been done by banks through Kisan Credit Card among more than 2.37 crore farmers in this Covid-era. In simple words, farmers registered in PM Kisan are getting Kisan Credit Card easily.
Who issues KCC?
Kisan Credit Cards are issued by banks. The objective of the government is to provide loans to the farmers for the purchase of agricultural commodities like fertilizers, seeds, pesticides, etc.
Where can you make Kishan Credit Card?
You can get KCC from your nearby branch of the bank. Kisan Credit Card is simply available in any branch of these banks
- State Bank of India,
- Regional Rural Banks,
- Co-operative Banks,
- Industrial Development Bank of India,
- National Payment Corporation of India and
- Bank of India.
What are the steps to download the form of Kishan Credit Card?
You can follow these steps to download the card,Fist you will need to go on the official KCCwebsite After this, you have been given an option to download the Kisan Credit Card form by going to the first tab shown on the website. Where you can print the form. And fill it and deposit it in the nearest bank. The validity of the card has been kept by the government for five years.
What is the process of a bank before giving the loan?
Before giving a loan, banks verify the applicant's farmer. It tells whether the person is a farmer or not. After that again the revenue record of that farmer is checked. Aadhar, PAN, and photo are taken for whose identification. After this Process, an affidavit is taken from him in which it is written that there are no dues on any other bank.
The government has also waived the charges for making Kisan Credit Card. The cost of getting KCC made comes to Rs 2 to 5 thousand. The Indian Banks Association has issued an advisory asking banks to waive fees on the instructions of the government.
Who can take/ apply for KCC?
Those persons who associated/ touched with fisheries, agriculture, and animal husbandry etc. are eligible to take/ apply for(KCC) Kisan Credit Card. Even furthermore if the farmer cultivates on any land for this that was its own land or, someone else's land, he can take the scheme advantage of it. For which the minimum age should be 18 years and maximum age should be 75 years. If the age of a farmer is more than 60 years, then in such a situation a co-applicant is also required, whose age should be less than 60 years. After filling the farmer's form, the bank employee will see whether you are eligible for it or not. Under this, animal husbandry and fisheries can also get loans up to Rs 2 lakh. After this, you will be issued Kisan Credit Card.
What are the benefits of the Kishan Credit Crad?
With the help of the Kisan Credit Card, the farmer can buy the necessary goods related to his farming. Whose loan he can do by selling the crop grown in his farming.If he takes this tax up to Rsone lakh sixty thousand then there is no need to mortgage his land.
This loan is available without any security.
There is a provision of interest relief of up to 2 percent on an annual basis on loans up to Rs 3 lakh. Early repayment of a loan can provide relief of up to 3 percent in annual interest. The interest rates on Kisan Credit Card depending on different banks. Usually, it ranges from 9-11.50 percent. The crop gets insurance cover even if there is damage due to an insect attack or any natural calamity. At present, if one does not want crop insurance, then it has been made voluntary to take it. If a farmer wants to take insurance then he can take it or else if not then it is his wish. A dairy loan is also provided with Kisan Credit Card. Kisan Credit Card is being made for five years with an increase of 10 percent every year based on renewal.
What are the documents required to make KCC?
To get Kisan Credit Card the PAN card, voter ID, driving license, the passport may be required as ID proof. For address proof like Aadhar card, voter ID, driving license, or any other government ID and passport size photo.
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