• Objective and Purpose: Kisan Credit Card (KCC) aims at providing adequate and timely credit support to the farmers for their cultivation and other needs as indicated below-
  1. To meet the short term credit requirements for cultivation of crops
  2. Post harvest expenses
  3. Produce marketing loan
  4. Consumption requirements of farmer household.
  5. Working capital for maintenance of farm assets and activities allied to agriculture like dairy animals, inland fishery etc.
  6. Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals.
  • Eligible Customers

  1.  All farmers- Individuals/Joint Borrowers who are owner cultivators.

  2.  Tenant farmers, Oral Lessees and Share Croppers.

  3. SHGs or JLGs of farmers including tenant farmers, share croppers.

  • Rate of Interest: 7% for limits up to Rs 3 Lacs & for greater limits, interest rate will be charged as per Bank’s norms  

  • Quantum of Finance: Based on the proposed investments during the Five-year period and Bank’s norms on the repaying capacity of Farmer.

  • Other benefits: Incentive for prompt repayment, Crop Insurance, Asset Insurance, Personal Accidental Insurance (necessary premium needs to be paid as per agreed ratio between Bank and Farmer).