Kisan Credit Card Application Form Bank of Baroda - Summary
Farmers can easily apply for the Kisan Credit Card from the Bank of Baroda, which helps them access a line of credit for quick financial assistance. This Kisan Credit Card offers fast approval processes and multiple repayment options, making it a comprehensive solution for all types of credit needs and a great way to manage financial challenges.
The funds available through the Baroda Kisan Credit Card scheme can be utilized for various purposes, including purchasing agricultural equipment to boost crop yields, maintaining farms, obtaining marketing loans for farm produce, supporting the allied agricultural sector, accessing personal loans, repaying other lenders, addressing consumption needs, and making investments in both non-land and land-based agricultural activities.
Benefits of the Kisan Credit Card
- Utilize savings account interest to reduce credit balances on the Kisan card.
- The Bank of Baroda does not impose any transaction fees on loans up to Rs. 10 lakhs obtained directly for agricultural purposes.
- No documentation costs are required for loans up to Rs. 2 lakhs. For credit amounts ranging from Rs. 2 lakhs to Rs. 10 lakhs, 50% of the standard fees apply.
- Borrowers also receive personal accident insurance worth Rs. 50,000 for free.
Eligibility for the Kisan Credit Card Application
Farmers with a good repayment history can qualify for credit limits of Rs. 1,000 or more. This applies to both new applicants and those who are non-banking customers. Landowners, permanent renters, cultivators, leaseholders, and sharecroppers who have farmed for at least 5 years are eligible for the Baroda Kisan Credit Card, regardless of their educational background.
How to Apply for the Kisan Credit Card (KCC)
To apply for a Kisan Credit Card, visit your nearest Bank of Baroda branch. You can also download the Kisan Credit Card Application Form in PDF format through the link provided below. This makes the application process convenient and accessible for all farmers seeking financial aid. Don’t miss the opportunity to download the PDF and apply today!