How to apply for SBI Kisan Credit Card

The State Bank of India's (SBI) Kisan Credit Card (KCC) provides timely and adequate credit to farmers to meet their cultivation expenses. It also addresses farmers' contingency expenses and expenses related to ancillary activities via a simple procedure allowing borrowers to avail loans basis their needs.

Here is a look at the features, benefits, interest rate, eligibility and process of applying for SBI's Kisan Credit Card as per a press release issued by the bank.

• KCC will be like a revolving cash credit account
• Credit balance in the account, if any, will fetch savings bank's interest rate
• Tenure: 5 years, with a 10% annual increase in limit every year subject to annual review
• Interest Subvention: 3% interest subvention for prompt borrowers up to Rs 3 lakh
• Repayment: The repayment period as per the crop period (short/long) and marketing period for the crop
• Allotment of RuPay cards for all eligible KCC borrowers
• Accidental insurance of Rs 1 lakh for Rupay Cardholders if the card is activated once in 45 days

• All the farmers-individuals/joint borrowers who are owner cultivators
• Tenant farmers, oral lessees, Share Croppers, etc.
• SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers, etc.

• Up to Rs 3 lakh: 7%
• Above Rs 3 lakh: As applicable from time to time

• KCC borrowers below 70 years of age are covered under Personal Accident Insurance Scheme (PAIS)
• Eligible crops are covered under Pradhan Mantri Fasal Bima Yojna (PMFBY)

• Primary: Hypothecation of Crop.
• Collateral: Mortgage/charge over Agriculture land (Collateral security is waived for:
• KCC limit of up to Rs 1.6 lakh.
• Under Tie-up: KCC limit up to Rs 3 lakh

• Download the application form from SBI - https://sbi.co.in/documents/14463/22577/application+form.pdf/24a2171c-9ab5-a4de-08ef-7a5891525cfe
• Farmers can also directly visit SBI branch and ask for KCC application form
• Fill in the required details and submit at the branch
• The bank will review the review the application, verify applicant's details and sanction the card

• Log-in to YONO SBI
• Click on YONO Krishi
• Click on Khata
• Click on Kisan Credit Card
• All you need to do is: Confirm personal details; Confirm land details; Confirm crop details
• Submit application

• Address and Identity Proof: Aadhaar card, PAN card, Voter ID, driving license, etc. (any one)
• Documents of the agricultural land
• Applicant's recent passport size photograph
• Issuer banks may also ask to submit security Post Dated Cheque

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