Kisan Credit Card Scheme 2019 | Features

Kisan Credit Card was launched by the Government of India in 1988. To provide short term formal credit loan to the tenant farmers and the cultivators for their agricultural needs, Kisan Credit Card was initiated. The farmers can use the Kisan Credit Card scheme for crop production, buy pesticides, seeds, etc. Along with offline mode, you can opt for Kisan Credit Card online apply. Based on the eligibility for Kisan Credit Card, Kisan Credit Card interest rate is charged starting from 9% to 14% p.a. To reduce the farmer’s debt burden, the repayment depends on the harvesting season.

Kisan Credit Card scheme is the best alternative for informal credit sources to meet agricultural needs.
Kisan Credit Card interest rate is quite low and is pocket-friendly for the farmers.
Based on your credit history, Kisan Credit Card offers many subsidies to the farmers.
You can withdraw the required funds from the concerned bank’s any of the branches using this credit card.
For agricultural and allied activities, you can go for Kisan Credit Card online apply.
Under the Kisan Credit Card scheme, you can enjoy a hassle-free loan process with flexible repayment option.

You can easily go for Kisan Credit Card online apply for hassle-free loan experience.
Based on agricultural income, you can increase the Kisan Credit Card limit.
Kisan Credit Card interest rate is quite low and budget-friendly, unlike other credit sources.
You can repay the Kisan Credit Card scheme within 3 to 4 years after the harvest season is over.
In case of crops damaged due to natural calamities, you can reschedule the loan.
If you are eligible for Kisan Credit Card, you will be issued a smart card cum debit card along with Kisan Credit Card.
Very minimum documentation is required for the Kisan Credit Card scheme.

Following are the eligibility for Kisan Credit Card-