SBI Kisan Credit Card Bank Loan (SBI KCC) - A Helping Hand To Poor Indian Farmers

Kisan Credit Card Scheme: The Kisan Credit Card (KCC) Scheme was a model agriculture loan scheme prepared by NABARD in August 1998 and RBI advised to implement the same by all commercial banks in India in 1998. After series of request from farmers, NABARD and RBI revised the whole KCC Scheme to suit the farmers' current needs.

Bank Loan: SBI Kisan Credit Card (SBI KCC) - A Helping Hand To Poor Indian Farmers

As per RBI directives, revised KCC scheme shall be referred to as the "Scheme to cover term loans for agriculture and allied activities under Kisan Credit Card Scheme".

Objectives of SBI Kisan Credit Card (SBI KCC)

SBI Kisan Credit Card (SBI KCC) to provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides, meeting contingency expenses.


Eligibility for SBI Kisan Credit Card

Agricultural borrowers having good track record for the last 2 years.

KCC - Nature of Facility

1. Cash Credit: Entire production credit requirement for the full year. Credit requirements for ancillary needs such as maintenance of agriculture machinery / implements, electricity bills, diesel charges & unforeseen credit needs related to crop production, be made upto 20% of aggregate scale of finance without cap.

For meeting contingent needs pertaining to expenses such as, medical, education of children, birth, funerals, marriage & other religious ceremonies, consumption limit
upto 25% of total peak level limit without cap.

2. Term Credit: For allied activities such as pump sets, land development, plantation, drip irrigation, and allied to agricultural activities such as dairy farming, sheep breeding, fisheries, bee keeping etc.

Credit Limit of KCC Bank Loan

Production credit limit Rs. 3,000/- and above (reduced to Rs.1,000/- in Uttarakhand State). Credit limit based on operational land holding cropping pattern and scale of finance.

The total limit is inclusive of 20% of production credit. Limit is valid for 3 years subject to annual review.

Withdrawal - through withdrawal slips and cheque books for literate borrowers having credit limit of Rs. 25,000/-and above. ATM cards can also be issued for withdrawals.

Since Scale of Finance (SOF) is applied for financing -“No further margin to be insisted upon irrespective of any amount.

Security of KCC bank Loan

KCC Limit upto Rs 1 lac: Primary – Hypo of Crops, Collateral – NIL.

Personal Accident Insurance For KCC bank Loan

Personal Accident Insurance upto age of 70 yrs to the extent of Rs. 50,000 on death/disability. Rs. 25,000 on Partial disability. Premium (for one year) Rs.15 (10-Bank, 5-Bor.).

Anant Geete Committee Recommendations for KCC Loan

Anant Geete committee - Notice to be displayed at all branches i.e. KCC to be issued within 15 days. You can download Anant Geete Committee Directives of RBI and its recommendations in pdf format here.

Interest Rate of Kisan Credit Card

Crop Loan: As per the instructions issued by Govt. of India in 2013-2014, crop loans upto Rs. 3 lakhs must be given at the rate of 7% per annum and there must be 3% interest subvention to prompt repaying farmers, thus the efffective interest rate will be kept at 4% per annum.

For Term Loan: As per limit amount & credit rating in agri. sector.

Repayment Period of Kisan Credit Card

Cash Credit Scheme: Crop loans as well as working capital for agriculture and allied activities to be provided as revolving cash credit limit repayable in 12 months.

Term Loan: Repayable within a maximum period of 5 years, depending on the type of activity / investment and repayment capacity.

Personal Accident Insurance Scheme (PAIS) for Kisan Credit Card

All KCC holders are covered under PAIS (Personal Accident Insurance Scheme) under this master policy the premium of Rs. 9/- for a one year policy and Rs. 27/- for
a three year policy, is shared between the farmer and the bank in the ratio of 1:2 to be paid in advance. Risk coverage under the scheme ranges from Rs. 25,000/- to
Rs. 50,000/-.

The policy will cover the KCC holder upto the age of 70 years.

There are 16 Comments

A person availed k c c on 1st may 2014 & he was died on month of july 2014. Can he is covered under k c c personal accident insurance scheme ?

i want kisan credit card.i have 2.5 acre land in satna district in m.p.what will be credit limit for me and how many time will be taken by bank for this approval.

i'm borrower of SBI kcc in u.p.I faced drought in April_sep.2014 &my crop destroyed totally &yesterday 26 febuary 2015 I faced a hailstorm which destroyed 90% of my crop but SBI kcc insurance not gave any benefit in debt i 'm deeply sad & most of village farmers are illiterate &they didn't know to do complain please tell insurance company just for action in I'm highly pressed by debt & insurance company cheated with us please... please..please... take information from SBI kcc insurance company & gave us relief in our debt yogendra Kumar singh s/o Mr.jayram singh village_Chahalaha post.Madhapur District_Unnao Uttar Pradesh India 09838181724

I have received my KCC loan in one year ago but loan is being recovered from my other savings account existed at same Bank. Is this possible? please give me guidelines.

Is there any difference between KCC and KUY or ACC ? Are the features and benifits/interest rates of KCC/KUY/ACC are same ? What is ACC ?

Sir we have debited kccloam from sbi bhauti kanpur but crop be distroyed maximum.
hence we have to need our insurence claim whose preimum paid alwase by us.
Uma-Shankar tiwari

I want kisan credit card i have 2.5cre land in Ribhoi district meghalaya.

My father have taken kcc from ur bank, unfortunately they passed away
Is there any insurance of farmer so that we can get some relaxation in repayment

Sir/Madam,I am a farmer of dist Jind (Haryana) and I wants to apply for Kissan Credit Card and know about maximum limit while having forteen acre of land.What will be time taken for Kissan Credit Card.

Is there any difference of interest rates between s.b.i k.c.c loan [kisan credi tcard loan]and k.g.c loan[kisan gold card loan] I kindly request you to clarift and give detailed information regarding interest rates of K.C.C and K.G.C

i request you to kindly give information regarding kcc inerest and kcc relation

Hi i have 4 acor land and how to be apply for the Kisan credit card
call me I am from Karnataka Bidar 9986288508

Hi i have 4 acor land and how to be apply for the Kisan credit card
call me I am from Karnataka Bidar 9986288508

me SBI kisan credit card prapth karna chahta hu. khaise prapth karu? please help me mujhe krishi lone ki bahut abasakta he.

Indrajit Barman, dist-coochbiher, villege-konachatra, po br chatra, ps sitai, West Bengal pin-736167