kisan credit card

Kisan Credit Card Scheme is a type of scheme started by the Government of India for small and middle class farmers. This is a scheme, under which loans are provided to the farmers at normal rates, so that the farmers can easily fulfill their financial needs. If you are a farmer, then under this scheme you can avail loan at normal interest rate, and if you pay on time, you can also get some percentage of interest rebate. If you are a farmer and want to know how much loan is available on Kisan Credit Card and how much interest is charged on Kisan Credit Card, then definitely read the entire article.

How much loan is available on Kisan Credit Card?

Under the Kisan Credit Card Scheme, a loan of up to Rs 3 lakh is available on Kisan Credit Card, while a loan of Rs 1.60 lakh is available without guarantee. This amount can be spent through credit card, which can be of special help in handling tasks related to manure, seeds, fertilizers, pesticides, irrigation, agricultural mechanization, land development, horticulture, post-harvest crop management.

kisan credit card

How much interest is charged on Kisan Credit Card?

About 4 percent interest is charged on Kisan Credit Card, that is, in simple words, the interest rate on Kisan Credit Card starts from 9 percent per annum, on which 2 percent discount is given by the government, and on this loan almost There is also a provision for 3 percent subsidy. Overall, the interest rate charged on the Kisan Credit Card is around 4%. It is also worth remembering here that the interest rate of Kisan Credit Card loan can also be changed by the government from time to time. Therefore, before getting Kisan Credit Card loan from any bank, the interest rate information must be obtained from the bank website or bank branch.


  1. When was Kisan Credit Card Scheme started?

Kisan Credit Card Scheme was launched in August 1998 by the then Finance Minister Yashwant Sinha.

  1. Which banks provide loan on Kisan Credit Card?

Under the Kisan Credit Card Scheme, loan on Kisan Credit Card is provided by the country’s government banks, private banks, regional rural banks, small finance banks and cooperative societies.

  1. Documents required for Kisan Credit Card

passport size color photo,

Application form (filled in) received from the bank,

Aadhaar, Voter’s Driving License (one of these)

Certificate of land holding etc. is required.

  1. How much land is required for Kisan Card?

According to NABARD and RBI, there is no minimum land limit for making Kisan Credit Card. Kisan Credit Card can be made even on minimal land.

  1. In what time the Kisan Credit Card loan has to be repaid?

Kisan Credit Card loan has to be repaid over a period of 5 years. In case of non-payment on time, maximum interest is charged.

  1. For how many years is Kisan Credit Card valid?

Kisan Credit Card is valid for 05 years, but it can be renewed again after 05 years.

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