To empower the farmers, the central government had started the Kisan Credit Card Scheme. Under this scheme, the farmers are given loans up to Rs 3 to Rs 4 lakh at very low interest. The farmer can invest this loan amount in his farming or can buy the things like seeds, food, etc.
If you have an account with the State Bank of India, even you can get the Kisan Credit Card made by simply sitting at home.
Know-How To Apply With SBI Account
If you have an account with the State Bank of India, then you can apply using YONO App. You can apply for a Kisan Credit Card by just visiting the YONO Agriculture Platform. For this, first, you have to download SBI YONO App on your phone. Apart from this, you can also log in by visiting the official website of SBI YONO.
Process of Applying with SBI YONO App
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Firstly open the SBI YONO.
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Select the option of Agriculture there.
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After this, go to the Kisan Credit Card Review Section.
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Click on the option of application & fill in all the information which is being asked on the page.
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Your application will be successfully completed as soon as you fill in all the required information there.
What is Kisan Credit Card (KCC)?
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The Kisan Credit Card is issued by the banks. The main purpose of the government is to provide loans to the farmer for the purchase of all the agriculture items such as seeds, fertilizers, pesticides, etc.
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The second objective is that the farmers do not need to take moneylenders, who collect arbitrary interest. The loan which is taken under the Kisan Credit Card is cheaper by 2% to 4%, provided the loan is repaid on time.
Banks Process
Before giving the loan, banks verify the applicant farmer. In this, it is seen whether he is actually a farmer or not. Then they see his revenue record. Aadhar card & PAN Card, and photo are taken for identification. After this, an affidavit is taken that there is no due on any other bank.
Rebate Fees & Charges
The government has waived the fees & charges for making a Kisan Credit Card. The cost of getting KCC made is Rs 2,000 to 5,000. On the instruction of the government, the Indian Banks Association issued an advisory asking the banks to give an exemption in fees & charges.
