SBI Kisan Credit Card: Get loan up to Rs 3 lakh, know how to apply and required documents

New Delhi: India’s largest public sector lender State Bank of India provides timely and adequate credit to farmers to meet their farming expenses through SBI Kisan Credit Card.

It also addresses the contingencies of farmers and expenses related to ancillary activities through a simplified process, allowing borrowers to avail loans based on their needs. (Also Read: SBI OTP-Based ATM Cash Withdrawal – How To Withdraw Cash, Who Can Avail This Facility)

Here are the features and benefits of SBI Kisan Credit Card

KCC will be like a revolving cash credit account
The balance in the account, if any, will receive the savings bank interest rate
Tenure: 5 years, subject to annual review with 10% annual increase in the limit every year
Interest Subvention: 3% interest subvention for immediate borrowers up to Rs. 3 lakh
Repayment: Repayment period as per crop period (short/long) and marketing period for the crop
Allotment of RuPay cards to all eligible KCC borrowers
Accident insurance of Rs. 1 lakh for Rupay cardholders if the card is activated once in 45 days

Documents Required for SBI Kisan Credit Card

Address and Identity Proof: Aadhar Card, PAN Card, Voter ID, Driving License, etc. (Any one)
agricultural land documents
Recent passport size photograph of the applicant
Issuing bank may also ask for deposit of security post dated cheques

SBI Kisan Credit Card Eligibility

All farmer-individual/joint borrowers who are proprietor farmers
Tenant farmers, oral lessees, sharecroppers, etc.
SHGs or Joint Liability Groups of farmers including tenant farmers, sharecroppers etc.

SBI Kisan Credit Card Interest Rate

Up to Rs.3.00 lakh – 7%
Above Rs. 3.00 Lakh – As applicable from time to time

How to Apply for SBI Kisan Credit Card

Download application form from SBI – https://sbi.co.in/documents/14463/22577/application+form.pdf/24a2171c-9a…
Farmers can also directly visit SBI branch and ask for KCC application form
Fill the required details and submit to the branch
The bank will review the application, verify the applicant’s details and approve the card

Insurance for using SBI Kisan Credit Card

KCC borrowers below the age of 70 years are covered under Personal Accident Insurance Scheme (PAIS).

The crops eligible under the Pradhan Mantri Fasal Bima Yojana (PMFBY) include

Security for using SBI Kisan Credit Card

Primary: Hypothecation of the crop.
Collateral: Mortgage / charges on agricultural land (collateral security is exempted for:
KCC limit is Rs. 1.60 lakhs.
Under Tie-up: KCC limit is Rs. 3 lakh

Key Features of reviewing KCC through YONO SBI:

Hassle free KCC review through YONO App or YONO branch
Contactless and paperless travel for application through YONO App
End to End Process at YONO Branch Portal
Standardization of KCC Review Process
Minimum data entry by farmer and branch

How to review KCC through YONO

Login to YONO SBI
Click on Yono Agriculture
Click on Account
Click on Kisan Credit Card
All you have to do is:
Verify Personal Details
Verify Land Details
Verify Crop Details
submit application

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