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4% Interestcredit

Kisan Credit Card

Short-term credit for cultivation expenses at subsidized 4% interest rate per annum with flexible repayment options aligned to harvest cycles.

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Ministry

Ministry of Finance / NABARD

Launched

August 1998

Annual Budget

Interest subvention of ₹2,000+ Crore annually

Eligibility

Farmers, fisheries & animal husbandry

Helpline

1800-11-1109 (NABARD)

Category

Credit

Key Benefits

  • Credit limit up to ₹3 lakh at 4% interest (with govt interest subvention)
  • Flexible withdrawal and repayment aligned with harvest
  • Covers crop production, maintenance and allied activities
  • Personal accident insurance of ₹50,000
  • Available for fisheries and animal husbandry farmers too
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How to Apply

  1. 1

    Visit your nearest bank branch (nationalized or cooperative) or apply online

  2. 2

    Fill the KCC application form with personal and land details

  3. 3

    Provide crop details — type, area, and expected yield

  4. 4

    Bank assesses credit limit based on land holding and crop

  5. 5

    Submit documents and collateral if required above ₹1.6 lakh

  6. 6

    KCC is issued as a RuPay debit card for flexible withdrawals

Required Documents

Aadhaar Card
PAN Card
Land ownership / lease documents
Passport-size photographs
Bank account details

Who is NOT Eligible

  • Non-agricultural land holders
  • Defaulters of existing bank loans without restructuring
#credit#low interest#loan
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