Kisan Credit Card Scheme was started by the government in August 1998, under which farmers are given land for their land. Loan is provided on this basis. This amount is decided by the district level technical committee. That is, based on the rates decided by the District Level Technical Committee, the Bank, NABARD Bank determines the amount of Kisan Credit Card loan on the farmer’s land. Let us know in detail in this article how much land is required for Kisan Credit Card , what is the eligibility for Kisan Credit Card and what are the documents required for Kisan Credit Card and along with this we will also know How to apply for Kisan Credit Card ?
How Much Land is Required to Make Kisan Credit Card?
According to the country’s top bank, the Reserve Bank of India and the top bank, the National Agriculture and Rural Development Bank, there is no minimum land limit for making a Kisan Credit Card, that is, even a farmer with minimal land can make this card. And apart from this, Kisan Credit Card can also be made on land shared or taken on lease.
How much loan is available against how much land for Kisan Credit Card?
The amount of Kisan Credit Card loan is determined by the bank according to the data determined by the District Level Technical Committee. That is, the amount of loan per bigha is determined by the district level technical committee on the Rabi and Kharif crops sown by the farmer. For example, a loan of Rs 20000 per bigha can be obtained for wheat. That is, Kisan Credit Card loan is determined on the fertile land of the farmer. If a farmer has half a bigha (1/2) land, he can take a credit card loan.
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Kisan Credit Card Scheme Eligibility
Marginal farmers are the first eligible for this scheme.
The age of the applicant should be between 18 to 75 years.
It is mandatory for those above 60 years of age to have a co-applicant.
For Kisan Credit Card, it is necessary to have at least half a bigha (1/2 bigha) of fertile land.
Tenant and tenant farmers can also avail the benefits of this scheme.
People engaged in fishing are also covered under this scheme and can avail its benefits.
Documents Required for Kisan Credit Card
- Kisan Credit application form received from the bank.
- Passport size color photograph of the applicant.
- Identity and residence proof (Aadhaar, Voter, Driving License, Passport one of these).
- Land holding certificate and information about crops sown, verified by the revenue authority.
- Requirement of security documents etc. for loans above three lakhs.
How to apply for Kisan Credit Card?
Applying for Kisan Credit Card can be done in the following ways:-
- Apply for Kisan Credit Card offline
Go to the nearest rural bank or bank branch related to agriculture and get detailed information about this scheme from the employee.
After getting the information thoroughly, take the Kisan Credit Card application form from the bank employee and fill in the correct information.
After filling the Kisan Credit Card application form, attach all the necessary documents with it, and submit it to the bank official.
The bank official will scrutinize the application given by you. And if eligible for Kisan Credit Card Scheme, Kisan Credit Card will be made.
- Apply for Kisan Credit Card Online
Kisan Credit Card can be applied for by visiting the website of the Ministry of Agriculture and Farmers Welfare . That is, one has to login to this website online, create a password and submit the necessary documents. In this process also, if eligibility is found, Kisan Credit Card is made by the bank.
How much loan is available on 1 acre of land?
The amount of loan that farmers should get on how much land is decided by the District Level Technical Committee, that is, on the basis of the rates fixed by this committee, the bank gives information about the loan given to the farmer by looking at the crop details.
FAQ
Who decides the Kisan Credit Card loan amount?
The amount of Kisan Credit Card loan is decided by the District Level Technical Committee.
What is the minimum land required for Kisan Credit Card?
For Kisan Credit Card, it is necessary to have at least half a bigha (1/2 bigha) of fertile land. And if the farmers who are getting grant from PM Kisan Nidhi Yojana, then Kisan Credit Card loan can be available to them immediately.