How to apply for SBI Kisan Credit Card

The State Bank of India's (SBI) Kisan Credit Card (KCC) provides timely and adequate credit to farmers to meet their cultivation expenses. It also addresses farmers' contingency expenses and expenses related to ancillary activities via a simple procedure allowing borrowers to avail loans basis their needs.

Here is a look at the features, benefits, interest rate, eligibility and process of applying for SBI's Kisan Credit Card as per a press release issued by the bank.

• KCC will be like a revolving cash credit account
• Credit balance in the account, if any, will fetch savings bank's interest rate
• Tenure: 5 years, with a 10% annual increase in limit every year subject to annual review
• Interest Subvention: 3% interest subvention for prompt borrowers up to Rs 3 lakh
• Repayment: The repayment period as per the crop period (short/long) and marketing period for the crop
• Allotment of RuPay cards for all eligible KCC borrowers
• Accidental insurance of Rs 1 lakh for Rupay Cardholders if the card is activated once in 45 days

• All the farmers-individuals/joint borrowers who are owner cultivators
• Tenant farmers, oral lessees, Share Croppers, etc.
• SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers, etc.

• Up to Rs 3 lakh: 7%
• Above Rs 3 lakh: As applicable from time to time

• KCC borrowers below 70 years of age are covered under Personal Accident Insurance Scheme (PAIS)
• Eligible crops are covered under Pradhan Mantri Fasal Bima Yojna (PMFBY)

Learn using Generative AI" width="300" height="80" />

Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program

Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program

Finance Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program

Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor at Haas School of Business View Program

HR & People Management Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program

Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program

Finance Financial Reporting and Analytics By - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program

• Primary: Hypothecation of Crop.
• Collateral: Mortgage/charge over Agriculture land (Collateral security is waived for:
• KCC limit of up to Rs 1.6 lakh.
• Under Tie-up: KCC limit up to Rs 3 lakh

• Download the application form from SBI - https://sbi.co.in/documents/14463/22577/application+form.pdf/24a2171c-9ab5-a4de-08ef-7a5891525cfe
• Farmers can also directly visit SBI branch and ask for KCC application form
• Fill in the required details and submit at the branch
• The bank will review the review the application, verify applicant's details and sanction the card

• Log-in to YONO SBI
• Click on YONO Krishi
• Click on Khata
• Click on Kisan Credit Card
• All you need to do is: Confirm personal details; Confirm land details; Confirm crop details
• Submit application

• Address and Identity Proof: Aadhaar card, PAN card, Voter ID, driving license, etc. (any one)
• Documents of the agricultural land
• Applicant's recent passport size photograph
• Issuer banks may also ask to submit security Post Dated Cheque

Read More News on

Subscribe to The Economic Times Prime and read the ET ePaper online.

Read More News on

Subscribe to The Economic Times Prime and read the ET ePaper online.

Popular in Wealth

• SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claims
• Axis Bank now offers up to 7.75% FD interest rate on these tenures; check latest fixed deposit rates
• No benefit of lower tax rate under DTAA for taxpayers with foreign income if Form 67 is not filed by this date
• NPS like scheme for retirement: This new pension plan offers market-linked return plus life insurance; should you buy?
• NBCC's three-phase plan to complete 50,000 Supertech homes offers hope for stranded home buyers amid insolvency proceedings