Central Govt Schemes

{फॉर्म भरे} Online Form Kisan Credit Card KCC Loan Scheme (June 2019)

New PM Kisan Credit Card (KCC) Loan Amount, Eligibility, Benefits, Documents Required

Union Minister Shri Narendra Singh Tomar, Ministry of Agriculture said that we are targeting 1 crore new Farmers to enroll in the PM Kisan Credit Card (KCC) Scheme before 31 July 2019.  The new Pradhan Mantri Kisan Credit Card Loan Scheme will help farmers along with new KCC also includes Animal Husbandry & Fisheries farmers. Also, the processing fee, inspection ledger folio charges has been removed. The loan amount is increased to 1.6 lakh which was earlier 1 lakh. At present, there are 6.92 crore live KCCs against 14.5 crore operational landholdings.

Eligibility for PM KCC Credit Card Laon Scheme

NABARD (National Bank for Agriculture and Rural Development) was the first to prose Kisan Credit Card loan scheme in the year 1998, after that there were various amendments and upgradation to help out farmers facing a crisis of financial support at the time.

The eligibility must be met if someone need to apply for KCC Credit Loan in 2019. The following category of farmers are eligible for Kisan Credit Card Loan Card.

  • All farmers-individuals/Joint borrowers who are owner-cultivators.kisan credit card kcc loan
  • Tenant farmers, Oral lessees and Share Croppers etc.
  • SHGs or Joint Liability Groups of farmers including tenant farmers, sharecroppers etc.,
  • The criteria for eligible beneficiaries under KCC for Animal Husbandry and Fisheries is as follows
    • Fishery
      • Inland Fisheries and Aquaculture – Fishers, Fish Farmers (individual & groups/ partners/ sharecroppers/ tenant farmers), Self Help Groups, Joint Liability Groups and women groups. The beneficiaries must own or lease any of the fisheries-related activities such as pond, tank, open water bodies, raceway, hatchery, rearing unit, possess necessary license for fish farming and fishing related activities, and any other State-specific fisheries and allied activities.
      • Marine Fisheries – Beneficiaries listed above, who own or lease registered fishing vessel/boat, possess necessary fishing license/permission for fishing in estuary and sea, fish farming/mariculture activities in estuaries and open sea and any other State-specific fisheries and allied activities.
    • Poultry and small ruminant – Farmers, poultry farmers either an individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmer of sheep/goats/pigs/poultry/ birds /rabbit and having owned/rented/leased sheds.
    • Dairy – Farmers and Dairy farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned /rented/leased sheds.

Documents Required

To apply for Kisan KCC Loan Scheme, the farmer must have the following documents. You have to fill online/ offline application form and attach or upload these documents asked.

  • Duly filled in KCC Loan Scheme 2019 application form
  • Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc
  • Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc
Bank Name – Apply KCC Card Online Link/ Fill Form
State Bank of India (SBI) KCC Loan Account
Bank of Baroda
NABARD
Gramin/ Khetriya Bank
Punjab National Bank
Bank of Maharashtra
Axis Bank
ICICI Bank
IDBI
1 Punjab Gramin Bank
2 Kashi Gomti Samyut Gramin Bank
3 Telangana Gramin Bank
4 Assam Gramm Vlkash Bank
5 Purvanchal Bank
6 Bihar Gramin Bank
7 Himachal Pradesh Gramin Bank
8 Sarva Haiyana Gramin Bank
9 Gramln Bank of Aryavart
10 Vidharbha Konkan Gramin Bank
11 Sarva UP Gramin Bank
12 Kaverl Grameen Bank
13 Maharashtra Gramin Bank
14 Allahabad UP Gramin Bank
15 Uttarakhand Gramin Bank
16 The Kangra CCB
17 Madhya Bihar Gramin Bank
18 A P. Grameena Vikas Bank
19 Baroda Uttar Pradesh Gramin Bank
20 The Hima Pradesh State Coop Bank
21 Raigad Dist. CCB, Allbag
22 Uttar Banga Kshetriya Gramin Bank
23 J&KGB
24 Uttar Bihar Gramin Bank
25 Narmada Jhabua Gramin Bank
26 ZUa Sahakarl Bank Ltd, Rampur
27 Akola DCCB, Akola
28 Manipur Rural Bank
29 Paschim Banga Gramin Bank
30 Malwa Gramin Bank
31 Jharkhand Gramin Bank
27 Akola DCCB, Akola
28 Manipur Rural Bank
29 Paschim Banga Gramin Bank
30 Malwa Gramin Bank
31 Jharkhand Gramin Bank
32 Madhyanchal Gramin Bank
33 Baroda Rajasthan Kshetriya Gramin Bank
34 Odlsha Gramin Bank
35 Ellaquai Dehati Bank
36 The Patllputra CCB, Patna
37 Sutlej Gramin Bank
38 Tripura Gramin Bank
39 Vananchal Gramin Bank
40 Chhattisgarh Rajya Gramin Bank
41 Rajasthan Marudhara Gramin Bank
42 Saurashtra Gramin Bank
43 Pragathi Krishna Gramin Bank
44 Andhra Pragathi Gramin Bank
45 South Canara DCCB
46 Central Madhya Pradesh Gramin Bank
47 Mizoram Rural Bank
48 Pallavan Gramin Bank
49 The DCCB, Lakhimpur-Kheri
50 The Goa State Coop Bank
51 Dena Gujarat Gramin Bank
52 Chaitanya Godavari Gramin Bank
53 UtkalGB
54 Baroda Gujarat Gramin Bank
55 Prathama Bank
56 The Surat DCCB
57 Kerala Gramin Bank
58 Bangiya Gramin Vikash Bank
59 Arunanchal Pradesh Rural Bank
60 Karnataka Vikas Gramin Bank
61 Puduvai Bharathiar Gramin Bank
62 Nagaland Rural Bank
Public Sector Banks – KCC Loan
1 Union Bank of India
2 Punjab National Bank
3 State Bank of India
4 UCO Bank
5 Punjab and Sind Bank
6 Central Bank of India
7 Oriental Bank Of Commerce
8 Bank Of Maharashtra
9 Bank of Baroda
10 Corporation Bank
11 Allahabad Bank
12 Bank Of India
13 ICICI Bank Ltd.
14 United Bank Of India
15 State Bank of Patiala
16 Indian Overseas Bank
17 Dena Bank
18 IDBI Bank Ltd.
19 Canara Bank
20 Vijaya Bank
21 Axis Bank Ltd.
22 State Bank of Mysore
23 State Bank of Hyderabad
24 Indian Bank
25 The Federal Bank Limited
26 State Bank of Bikaner and Jaipur
27 Syndicate Bank
28 State Bank of Travancore
29 Andhra Bank
30 The Karur Vysya Bank Ltd.
31 The Ratnakar Bank Limited
32 The Lakshmi Vilas Bank Ltd
33 HDFC Bank Ltd.
34 Karnataka Bank Ltd.
35 South Indian Bank Ltd.

Benefits/ Features of KCC

Get interest rate at saving bank rate on credit balance in KCC account

  • Free ATM cum debit card for all KCC borrowers
  • Interest subvention @2%p.a.is available for loan amount uptoRs. 3 Lacs
  • Additional interest subvention @3% p.a.for prompt repayments notified crops / notified areas are covered under crop insurance for all KCC loans

Major Changes/ News in Kisan Credit Card Loan

Circular Date Particulars
14 Aug 1998 Introduction of KCC Scheme and circulation of Model KCC scheme to banks
14 June 2001 Personal Accident Insurance Scheme (PAIS) for KCC holders introduced
09 Aug 2004 (i)    Scheme to cover term loan for agriculture & allied activities under KCC introduced (ii)    Validity of Kisan Credit Card increased from 3 years to 5 years
01 Jun 2006 In Response to Union Finance Minister’s budget announcement (2006-07), interest on short term credit to the farmer was fixed at 7% up to KCC upper limit of Rs. 3.0 lakh on the principal amount.
31 Oct 2006 KCC scheme for the borrowers of Lons Term Cooperative Credit Structure i.e.. State Coop Agri & Rural Development Banks introduced
29 Mar 2012 Kisan Credit Card – a comprehensively revised KCC scheme incorporating many new components (composite loan, 10% & 20% provisions for consumption & asset maintenance, year-wise drawing power for five years, etc.) was launched
09 Nov 2012 Issue of KCC in the form of interoperable RuPay Cards
15 Nov 2012 In a meeting of Union Finance Minister with Banker, it was decided to convert all old KCCs into ATM-cum-Debit RuPay Cards
01 Aug 2014 Sort for ICT solutions through POS micro-ATMs and RuPay Kisan Cards under KCC scheme
08 July 2015 Cover to rase of KCC holders under Atal Pension Yoina (APT)
04 Feb 2019
  • adding farmers engaged in Animal Husbandry & Fisheries
  • removal of inspection ledger folio charges and processing fee of loan under KCCaising
  • limit of collateral fee on existing agriculture loan from 1 lakh to 1.6 lakhs

KCC Scheme to the farmers

Below are best features of PM Kisan Credit Card.

  1. Simplifies disbursement procedures
  2. Removes rigidity regarding cash and kind
  3. No need to apply for a loan for every crop
  4. Assured availability of credit at any time enabling reduced interest burden for the farmer.
  5. Helps buy seeds, fertilizers at farmer’s convenience and choice
  6. Helps buy on a cash-avail discount from dealers
  7. Credit facility for 3 years – no need for seasonal appraisal
  8. Maximum credit limit based on agriculture income
  9. Any number of withdrawals subject to credit limit
  10. Repayment only after harvest
  11. Rate of interest as applicable to agriculture advance
  12. Security, margin and documentation norms as applicable to agricultural advance
  13. Access to adequate and timely credit to farmers
  14. Full year’s credit requirement of the borrower taken care of. Minimum paperwork and simplification of documentation for withdrawing of funds from the bank.
  15. Flexibility to draw cash and buy inputs.
  16. Assured availability of credit at any time enabling reduced interest burden for the farmer. The flexibility of drawals from a branch other than the issuing branch at the discretion of the bank.

Latest Development in KCC

Chief Secretaries/Principal Secretaries of State/UT Administration to launch KCC enrollment drive. During the proposed saturation drive, bank-wise or village wise campaigns will be organized to collect KCC application forms. States like Gujrat, Maharashtra, UP, Chhattisgarh, WB, Bihar, Jharkhand, HP, J&K and NER states have already been identified where KCC penetration was found lagging. A target of 1 crore is to be achieved in the next 100 days.

RuPay KCC “Kisan Credit Cards”

NPCI has launched RuPay Cards as an Indian domestic card scheme to compete with Mastercard and Visa. NABARD, in January, 2013 set up Special Project Unit- Kisan Credit Card (SPU-KCC) with a mandate for encouraging cooperative banks and Regional Rural Banks across the country to issue Rupay KCC debit cards. The overarching goal is to develop a cash-less ecosystem by enabling the farming community to avail all new banking facilities at par with an urban area of the country

KCC PAIS Personal Accident Insurance Scheme

The Personal Accident Scheme covers risk of KCC holders against death or permanent disability resulting from accidents caused by external, violent and visible means

  1. Death due to an accident (within 12 months of the accident) caused by violent and visible means: Rs.50,000/-
  2. Permanent total disability: Rs.50,000/-
  3. Loss of two limbs or two eyes or one limb and one eye: Rs.50,000/-
  4. Loss of one limb or one eye: Rs.25,000/-

Note: Premium payable Rs.15/- for a one-year policy while Rs.45/- for a 3-year policy.

Via
SBI KCC
Source
KCC Latest News at PIBVikaspedia KCC Scheme

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