How to Apply Kisan Credit Cards – Benefits & Eligibility


According to the latest report published by The Economic Times, there are 6.95 crore active Kisan Credit Cards as of June 2019.

A Kisan Credit Card is issued to farmers to provide them with the required financial aid for various farming purposes. Prospective consumers who are looking for funds for the purpose of farming-related assistance can apply and avail the Kisan Credit Card benefits. 

Kisan-Credit-Card in India

Below mentioned are a few of the benefits that an individual can avail by applying for these credit cards –

1. Flexibility in loan repayment 

To ease farmer’s burden, financial institutions provide consumers with flexibility in KCC loan repayment. They are provided with the option to make repayments post the harvest season. The repayment tenor can be extended in case there is a bad crop turnout for the season affected by natural calamities. 

2. High credit limit depending on the applicant’s income 

One of the significant Kisan Credit Card benefits is that individuals can avail high credit limit depending on their income. It is to be noted that there is no fixed credit limit for a credit card, and it entirely depends on the eligibility of candidate along with financial institutions’ determination criteria. 

3. Unified loan for all agricultural needs

Borrowers can apply for a KCC loan and finance their agricultural needs irrespective of what type it is. 

4. Option for crop insurance 

Several financial companies offer crop insurance facility with these credit cards so that users can claim benefits in case there is an unfortunate incident with the crops.

5. Easy loan disbursal 

One of the Kisan Credit Card benefits is that it can be availed easily by applicants as they do not have to go through lengthy loan procedures and wait for disbursal of funds. 

Financial companies and non-banking financial companies like 

Furthermore, candidates should check the eligibility conditions as specified by the financial companies to confirm that they are eligible for KCC. 

Eligibility conditions 

Candidates that belong to the following categories can apply for these credit cards – 

  • Individual farmer or joint borrower who cultivates land. 
  • Self-help group, joint liability group, share croppers, tenant farmers etc. 
  • Oral lessee, sharecropper. 
  • Fisheries and the animal husbandry sector. 

Not qualifying these conditions can be one of the potential reasons why credit card application can be rejected.  

However, Individuals who do not meet these eligibility criteria can opt for other credit cards, like the Bajaj Finserv RBL Bank SuperCard .It comes with several industry-first features, which make borrowing more lucrative.

How to apply? 

Individuals can apply for a Kisan credit card online in a few steps. Once they have checked the eligibility conditions and made sure that they qualify the procedure, the following steps should be followed –

  • Visit the official website of the financial company. 
  • Fill up the application form with essential details.
  • Select Kisan Credit Card out of the available options. 
  • Submit application and wait for the company to get in contact with you. 
  • Produce documents as asked by the financial institution such as 
  • Identity proof (Aadhaar, PAN, and Voter ID).
  • Address proof (Aadhaar, Voter ID, Passport, latest utility bill).
  • Income proof.

Individuals must use a credit card wisely after availing it. Subsequently, cardholders will be able to reap the Kisan Credit Card benefits. Availing such cards will ensure that they are financially equipped against all possible threats that might appear while harvesting.