Kisan Credit Card Application Form IDBI - Summary
The Kisan Credit Card Application Form IDBI is essential for farmers looking to access financial support through the Kisan Credit Card (KCC) scheme. Launched in August 1998, this credit scheme is designed by Indian banks to help meet the financial needs of the agricultural sector. Developed by the National Bank for Agriculture and Rural Development (NABARD), the KCC aims to assist farmers and, as of 2019, also those involved in fisheries and animal husbandry by providing vital credit support.
The KCC offers short-term credit for crops, along with term loans, ensuring farmers can manage their financial requirements effectively. Additionally, KCC credit holders benefit from personal accident insurance coverage of up to ₹50,000 for death and permanent disability, and ₹25,000 for other risks. This insurance premium is shared between the bank and the borrower in a 2:1 ratio. The KCC has a validity period of five years, with options available for extension for an additional three years.
Essential Information for Kisan Credit Card Application Form IDBI
Details You Need to Prepare
- Purpose of Loan
- Name of Applicant
- Address of Applicant
- Date of Birth
- Male/Female
- Caste
- Details of relationship with IDBI
- Current Bank details
- Limits with older Bank
- Liabilities
- Assets Owned
- Signature
You can download the Kisan Credit Card Application Form IDBI PDF using the link given below for easy access.