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

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.
• 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

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

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.