A large chunk of the Indian economy depends on the agriculture industry. Therefore, the government of India has launched the PM Kisan Credit Card (KCC) loan application procedure to empower the farmer’s community. The system has simple procedures and quick responses considering the status and resources available to farmers.
Want to know the application methods and eligibility criteria for the Scheme and KCC registration procedures? Find detailed answers to your queries about Pm Kisan Credit Card below.
PM Kisan Credit Card (KCC)-Easy Loan Apply
What is PM Kisan Credit Card Loan?
KCC stands for Kisan Credit Card. The scheme is a part of PM Kisan Samman Nidhi Yojana which plays a significant role in supporting the farmers of India. The planned scheme is providing financial assistance of up to 3 lacks to the farmers to meet their needs. Moreover, the ease of access to credits is increasing its effectiveness. The funds are used to enhance agricultural productivity, eventually boosting the industry.
With the collaboration of (RIB) the Reserve Bank of India, and the National Bank for Agriculture and rural development (NABARD), the funds are allocated for the prosperity of Farmers. However, it was initiated back in 1988, but for quick access to loans the KCC was launched in 2019. The aim was to provide financial assistance to small and marginal farmers.
How to Apply for PM Kisan Credit Card Form
The PM Kisan Credit card registration enables Kisan to apply for loans. However, one needs to meet the eligibility criteria.
Documents Required to Apply for KCC Registration
The applicant must provide the following documents to get the KCC and loan from the PM Kisan scheme.
PM KCC Scheme 2023 Online Application
To apply for a PM Kisan Credit Card (KCC) loan, you can follow these steps:
How to Apply for PM Kisan Credit Card-Offline Method
Locate Authorized Bank:
Authorized Banks have KCC forms, and you can get the direct form from the Bank. Here is a list of banks authorized for the PM Kisan Credit Cards Scheme.
- State Bank of India (SBI)
- Punjab National Bank (PNB)
- Bank of Baroda (BOB)
- Canara Bank
- Union Bank of India
- Bank of India (BOI)
- Indian Bank
- Axis Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- Kotak Mahindra Bank
- Rural Regional Banks (RRBs) such as NABARD, Prathama Bank, etc.
- Cooperative Banks
Besides the banks mentioned above, you can also inquire about the nearby banks for the scheme. You can also check the authorized Bank on the official website near your location.
PM Kisan Credit Card Form Submission
You can receive the application form directly from the authorized Bank or download the PDF using the link provided.
After filling up the form, you can submit the form and the required documents. Ensure all documents follow the specified format to avoid rejections and delays.
Bank Verification and Approval
Relevant Banks will verify and approve the KKC application form and documents the applicants submit. The process includes necessary checks and verification of data provided to the Bank. For instance, the bank authorities may also visit the land to verify income and land details.
PM Kisan Card Status- Sanctioned Loans
Once the authorities make the necessary checks and find the applicant deserving and eligible for the KCC loan, it issues the credit card. The loan amount will be disbursed to your KCC account. Farmers can withdraw the payment and use it for agricultural activities.
PM Kisan Credit Card Amount
The loan limit is 1.60 lakh to 3 lakhs depending on the land expenditure and crop type. The PM KCC amount limit is also variable in different banks. The interest rate is 7% which is further reduced to 3% for PM Kisan Beneficiaries.
Approval and Disbursement of KCC Loan
After submitting your application, it will be checked by the authorities. Authorities will assess your application, verify the data provided, and performs essential checks.
You will receive a confirmation if your application is approved. The loan amount will be disbursed to your bank account linked with your Aadhaar number. You will also receive a Kisan Credit Card (KCC) that you can use to withdraw funds or make purchases related to agricultural activitie
The objective of the PM Kisan Credit Card
The scheme’s main objective is to empower the farmers and ease the transaction of funds directly into Kisan’s accounts. It ensures the farmers have direct and instant access to funds. Moreover, it reduces the loopholes of the system and potential fraud. The KCC registration system is quick and accessible for farmers all over India.
PM Kisan Credit Card Status Check
You may check the status of your PM Kisan Credit Card (KCC) loan application form, follow these steps:
- Open the mentioned official PM Kisan Scheme website.
- Navigate to the “Farmers Corner” section.
- Look for the option to check the status of the KCC loan form and click on it.
- You will have a status-checking page.
- Enter the details, i.e your reference or application number
- Click on the “Check Status” or a similar button.
- After a few seconds, the system will display the status of your KCC loan form.
- If the status shows as “Approved,” your loan has been sanctioned.
- If the status shows as “Rejected,” it suggests that there might be incorrect details provided in the form.
Check these important Links below:
PM Kisan Credit Card (KCC) loan is an agricultural welfare loan with minimum interest rates. The loan is allocated to eligible farmers with easy repayments and quick access via the KCC system. PM Kisan beneficiaries can apply for loans ranging from 1.60 lacs to 3 lacs. The scheme aims to improve the farmer’s life and Kisan’s status in India.