Recently a special credit card has been launched for farmers which gives freedom to farmers to spend money without any worries. Farmers can do any kind of shopping with this card and the amount spent on it is very useful. Let us know some of the benefits of this card.

The Kisan Credit Card loan scheme, launched by the Government of India in 1998, is one of the schemes launched to provide short-term credit to farmers in the agriculture, fisheries, and animal husbandry sectors. Through this, farmers can get short-term loans that help them buy equipment and manage other expenses.

Farmers have been exempted from higher interest rates on other loans. Farmers can repay the loan based on the harvesting period of their crops.

Features of Kisan Credit Card:

Farmers can take a loan of up to one lakh rupees. 3 lakh and also get a marketing loan.

It also provides an insurance cover of up to Rs 50,000 in case of permanent disability or death and up to Rs 25000 in case of other risks for the plan holders.

It provides assistance in the purchase of fertilizers, seeds, etc. as well as availing cash discounts from traders/dealers.

The credit is available for a period of up to 3 years and can be repaid after the harvest season is over.

No collateral will be required for loans up to Rs 1.60 lakh.

Required Documents:

Duly filled and signed application form.

Copy of Identity proof like an Aadhaar Card, PAN Card, Voter ID, Driving License, etc.

Copy of Address Proof Documents like an Aadhaar Card, PAN Card, Voter ID, and Driving License. The proof must contain the current address of the applicant to be valid.

land document.

Passport-size photograph of the applicant.

Other documents like Security PDC as requested by the issuing bank.

The application process for Kisan Credit Card can be done online as well as offline.