SBI Kisan Credit Card Application Form PDF

SBI Kisan Credit Card Application Form in PDF download free from the direct link below.

SBI Kisan Credit Card Application Form - Summary

Kisan Credit Card Yojana is a wonderful government scheme that provides short-term, revolving credit to farmers across India. Launched in August 1998, this initiative helps farmers manage their finances effectively during important stages such as crop cultivation, harvesting, and caring for their produce.

Farmers can use this scheme to access cash credit specifically for agricultural needs. As the crop season begins, they can utilize this credit up to the approved limit to buy essential items like seeds, fertilizers, pesticides, and even hire labor for sowing their fields.

Features and Benefits of the SBI KCC Loan Application Form

  1. Enjoy interest at the saving bank rate on the credit balance in your KCC account.
  2. Get a free ATM cum debit card (State Bank Kisan Card) as a benefit for all KCC borrowers.
  3. Interest subvention of @2% per annum is available for loan amounts up to Rs. 3 Lacs.
  4. Receive an additional interest subvention of @3% per annum for timely repayments.
  5. Crop insurance is available for all KCC loans related to notified crops and areas.
  6. The loan amount for the first year will be based on costs for cultivation, post-harvest expenses, and farm maintenance.
  7. For the next five years, loans will be approved based on the enhanced scale of finance.
  8. No collateral security is needed for KCC limits up to Rs. 1.60 lac.
  9. The approved KCC limit will be considered when fixing collateral security requirements.
  10. A simple interest rate of @7% per annum will apply for one year or until the repayment due date, whichever comes first.
  11. If repayment is missed by the due date, interest will be charged at the card rate.
  12. Interest will be compounded semi-annually beyond the due date.
  13. The repayment period can be adjusted based on the expected harvesting and marketing period for the crops financed.
To make things easy for you, you can download the SBI Kisan Credit Card Application Form PDF using the link given below.

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SBI Kisan Credit Card Application Form PDF Download