If you are a farmer and you have some land, then you are given loan by the banks for agricultural work and this loan is given to you at a concessional rate of 4% per annum. You can also avail this loan from any bank. This facility is provided by SBI. The expansion of this scheme was started in 2004 to meet the loan requirements of the farmers to invest in their agricultural work. And to make this scheme more simple, this scheme was again considered in 2012 with the aim of starting the facility of Electronic Kisan Credit Card. All the information related to this KCC scheme has been made available to you in this article today.
About KCC Loan
Kisan Credit Card is being provided by SBI to all those farmers who are individual or joint borrowers, who are owners or tenants and oral sharecroppers or sharecroppers. Whoever takes a Kisan Credit Card, he should know what is the profit and loss of the KCC loan taken. The biggest advantage of Kisan Credit Card loan is that it is a revolving credit account, i.e. an account in which the bank provides interest at savings rate on the credit balance and provides sufficient loan to the farmer as per his requirement and on time. It has an additional simple process through which the work of meeting the incidental expenses and expenses related to ancillary activities and providing the facility to the borrowers to get loan as per their requirement is done.
SBI Bank KCC Loan
Important document for apply KCC Loan
- Along with the application form, two passport size photographs of the person applying
- along with identity proof like Driving Licence, Aadhar Card, Voter ID Card or Passport
- and ID proof like Aadhar Card from Driving Licence
- as well as area and security document for the amount if the amount is more than Rs. 3 lakhs,
- any other document for approval, land ownership certificate duly certified by the revenue authorities
How to apply for SBI Bank KCC Loan
- If you want to take loan from any bank through Kisan Credit Card Yojana, then go to the official website of that bank and open it
- Now choose Kisan Credit Card from the list of options given there and apply for it. As soon as you click on apply there, a form will be issued to you.
- Now fill all the required details asked in it and submit. After submitting the form, you will be sent an application reference number by the bank.
- Enter it in the form and submit. If you are eligible for Kisan Credit Card Yojana, then the bank will contact you in 3-4 days for further processing.
Some FAQ’s about SBI BANK KCC Loan
Is KCC 3 lakh to 5 lakh?
Yes, this time the budget has been released to empower farmers and increase agricultural productivity, in which the loan has been increased from 3 lakh to 5 lakh.
What is KCC loan eligibility?
Any farmer applying for KCC should be the owner of the land or Individual/Joint borrowers as well as tenant farmers can apply for it
Which bank is good for KCC?
All banks are good for KCC at their own level but SBI Bank provides Agriculture Banking at low interest rate.
What is the interest rate for KCC 1 year?
The bank provides you KCC loan at the rate of 4% per annum
What will be the process if I have to apply for a KCC loan in SBI BANK?
Whoever is applying for KCC loan, first of all he has to go to its official website to fill its form, if he is applying online and if he is applying offline, then he has to go to the bank and get the KCC form and after filling the form, he has to submit it in the bank and if applying online, then the candidate should click on the KCC option on its official website, as soon as you click there, a form will be available on the screen, now fill all the necessary information asked in the form and submit it, if you are eligible for KCC, then the bank will contact you soon, after the form is submitted, the concerned bank will send you an application reference number, submit it