Kisan Credit Card Scheme
Ministry of Finance / Ministry of Agriculture & Farmers' Welfare
Implementing agency: All Commercial Banks, RRBs, Cooperative Banks, and MFIs
Key Benefit
Credit at 7% interest rate, reduced to an effective 4% per annum for timely repayment (gov
About this Scheme
The Kisan Credit Card was introduced in 1998 based on RBI Expert Committee recommendation that farmers needed a flexible, revolving credit facility rather than rigid term loans. In 2020, the scheme was expanded to cover fishermen, animal husbandry farmers, and tenant farmers.
To meet the short-term credit requirements of farmers for crop cultivation, post-harvest expenses, and allied activities through a simple, flexible credit mechanism at subsidised interest rates.
What You Get
Credit at 7% interest rate, reduced to an effective 4% per annum for timely repayment (government provides 3% interest subvention). Credit limit: ₹3 lakh for short-term agricultural credit. The card also covers personal accident insurance (₹50,000 death/disability cover).
Important before applying
The 4% effective interest rate applies only to loans up to ₹3 lakh that are repaid within 12 months. KCC loans for PM-KISAN registered farmers are pre-approved in many banks. If you already have a KCC, you are automatically enrolled for PMFBY crop insurance for notified crops.
Unlock this scheme to grow, build your mission, and become a Family Farmer
Unlock schemes to grow your farm, provide pure food to families who need it, contribute to fixing the environmental crisis, and be a living example that agriculture is the primary healthcare infrastructure of Bharat.
