{"id":5881,"date":"2022-09-27T11:36:50","date_gmt":"2022-09-27T06:06:50","guid":{"rendered":"https:\/\/khetigaadi.com\/blog\/?p=5881"},"modified":"2022-09-27T11:36:53","modified_gmt":"2022-09-27T06:06:53","slug":"benefits-of-kisan-credit-card-yojna","status":"publish","type":"post","link":"https:\/\/khetigaadi.com\/blog\/benefits-of-kisan-credit-card-yojna\/","title":{"rendered":"Benefits of Kisan Credit Card Yojna"},"content":{"rendered":"\n

Introduction:<\/strong><\/h2>\n\n\n\n

The Kisan Credit Card (KCC) Scheme was introduced by the Indian government in 1998 to provide financial support to the nation’s farmers. This program, often referred to as the PM Kisan Credit Card Yojana, was developed by the National Bank for Agriculture and Rural Development (NABARD) to offer credit cards to farmers.<\/p>\n\n\n\n

Farmers can use credit cards to make short-term credit purchases of seeds, insecticides, fertilizers, and other items. Not only that. Additionally, they can use it to manage their agricultural expenditures and obtain loans by withdrawing cash from ATMs.<\/p>\n\n\n\n

PM Kisan Credit Card<\/strong><\/h3>\n\n\n\n

The unorganized sector typically charges excessive interest rates on the amount borrowed. The PM Kisan Credit Card was introduced to shield farmers from this unjustified financial burden. Farmers who use this particular credit card can borrow money at a reduced interest rate.<\/p>\n\n\n\n

Nevertheless, the interest rate varies from issuing bank to issuing bank, with an average annual interest rate of about 7%. Not only that. The KCC card loan has a fairly flexible payback schedule because farmers can decide to begin paying it back as soon as their crops are produced.<\/p>\n\n\n\n

The PM Kisan Samman Nidhi Scheme was also introduced by the Indian government in the 2019 Interim Union Budget, in addition to the KCC program. Farmers can take advantage of income support with this program for up to 6,000 every year.<\/p>\n\n\n\n

The Kisan Samman Nidhi Scheme and the Kisan Credit Card Scheme were combined by the Indian government in Budget 2020 to guarantee that all farmers have access to income support. All recipients of the Kisan Samman Nidhi Scheme are now qualified to apply for a Kisan Card.<\/p>\n\n\n\n

How to get a Kisan Credit Card: How to Apply<\/strong><\/h3>\n\n\n\n

The Kisan card application process is quite simple. Either online or offline options are available. Here is a brief overview of the procedures you must take in each of these situations.<\/p>\n\n\n\n

Step 1:<\/strong> Visit the website of the issuing bank in step one of the online application process.<\/p>\n\n\n\n

Step 2:<\/strong> From the website’s list of credit card options, choose “Kisan Credit Card.”<\/p>\n\n\n\n

Step 3:<\/strong> Select “Apply” from the menu.<\/p>\n\n\n\n

Step 4:<\/strong> Complete and submit the KCC application form with all required supporting documentation.<\/p>\n\n\n\n

Finally, Your application will be reviewed, and if approved, the card will be delivered to your address shortly.<\/p>\n\n\n\n

Process for Offline Applications:<\/strong><\/h2>\n\n\n\n

Visit one of the issuing bank’s branches.<\/p>\n\n\n\n

Leading Banks offering Kisan Credit Cards<\/strong><\/h3>\n\n\n\n

Knowing what Kisan Credit Cards are now, let’s examine some of the best banks that offer them as well as their features and associated fees.<\/p>\n\n\n\n

Kisan Credit Card from Axis Bank<\/strong><\/h4>\n\n\n\n