Location: 0   , CHITRAKOOT, UTTAR PRADESH (2/2025)
Sector: AGRICULTURE | Category: Others | Crop: Others
Query type: Government Schemes
Question: Farmer asked a query regarding kisan credit card yojana?
Answer: --Kisan Credit Card Yojana
 Interest subvention @2% p.a is available for loan amount up to Rs. 3 Lacs
 Additional interest subvention @3% p.a for prompt repayments
 Notified crops / notified areas are covered under crop insurance for all KCC loans
 Quantum of loan for 1st year will be assessed on the basis of Cost of cultivation, post-
harvest expenses and farm maintenance cost
 For subsequent 5-year loan will be sanctioned on the basis of an increase in the scale of finance
 Collateral security is waived for KCC limit up to Rs. 1.60 lac.
 Sanctioned KCC limit will be considered for the purpose of fixing collateral security
requirement
 Simple interest @7% p.a will be charged for one year or up to the repayment due date,
whichever is earlier.
 In case of non-repayment within the due dates interest is applied at the card rate
 Beyond the due date, interest will be compounded half-yearly
 The repayment period may be fixed as per the anticipated harvesting and marketing period
for the crops for which a loan has been granted.
 To ensure ease of application the following steps have been taken: -
 A simple one-page form has been developed such that the basic data would be obtained from
the bank’s record under PM KISAN and only a copy of the land record along with details of
crop sown would need to be filled in.
o The one-page form shall be available along with an advertisement being published in
all leading newspapers across the country and the same can be cut and filled by the
beneficiaries.