(SB I) Kisan credit card (KCC) provides timely and adequate credit to farmers to meet their farming expenses. It also addresses the contingencies of farmers and expenses related to ancillary activities through a simplified process, allowing borrowers to avail loans based on their needs.

Here’s a look at the features, benefits, interest rate, eligibility and process to apply for SBI’s Kisan Credit Card, according to a press release issued by the bank.

Features and Benefits

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

Eligibility

• All farmer-individual/joint borrowers who are proprietor farmers
• Tenant farmers, oral lessees, sharecroppers, etc.
• SHGs or Joint Liability Groups of farmers including tenant farmers, sharecroppers etc.

Rate of interest

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

Insurance

• KCC borrowers below the age of 70 years are covered under Personal Accident Insurance Scheme (PAIS).
• The crops eligible under the Pradhan Mantri Fasal Bima Yojana (PMFBY) include

the protection

• Primary: Hypothecation of the crop.
• Collateral: Mortgage / charges on agricultural land (collateral security is exempted for:
• KCC limit up to Rs 1.6 lakh.
• Under tie-up: KCC limit up to Rs 3 lakh

how to apply for SBI Kisan Credit Card

• Download 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 the required details and submit to the branch
• The bank will review the application, verify the applicant’s details and approve the card

How to review KCC through YONO

• Login to YONO SBI
• Click on Yono Agriculture
• Click on Account
• Click on Kisan Credit Card
• All you have to do is: Confirm personal details; Confirm land details; Verify Crop Details
• submit application

document

• Address and Identity Proof: Aadhar Card, PAN Card, Voter ID, Driving License, etc. (Any one)
• agricultural land documents
• Recent passport size photograph of the applicant
• Issuing bank may also ask for deposit of security post dated cheques