JK Bank Kisan Credit Card Scheme: Kisan credit card scheme is a good initiative taken by the Indian government. It providers financial support to farmers and offers very much flexible credit options. Due to which the various agricultural needles of a farmer is fulfilled by it. It's interest rates are very low and this credit card is only for farmers. Due to which it help farmers in their financial and agricultural needs.
If you want to get this credit card then you need to get all the information about Kisan credit card Yojana. In this article I will give you all the important and necessary details about Kisan credit card Yojana 2024. Read the information below and you will know all the eligibility criteria, interest rates and much more.
JK Bank Kisan Credit Card Scheme Overview
| Category | Details |
|---|---|
| Organization | Indian Government |
| Scheme Name | Kisan Credit Card (KCC) |
| Age Limit | No specific age limit |
| Eligibility | Farmers |
| Interest Rate | Varies According to Loan Taken |
| Official Website | https://www.jkbank.com/ |
What is Kisan Credit Card Scheme 2024?
Kisan Credit Card Scheme is made specially for farmers. This scheme offers different benefits to farmers. It helps farmers in their financial and agricultural needs. Its primary advantage is that it gives low interest credit to a farmer. First, low interest on money and second, it improves the farmer's financial condition.
Kisan Credit Card Scheme gives a lot of flexibility to a farmer. When a farmer takes a loan, he can easily repay it with low interest rate. Kisan Credit Card Scheme helps farmers in their agricultural needs. If a farmer does not have enough money, he can use this scheme to fulfill his agricultural needs.
JK Bank Kisan Credit Card Interest Rates
The Interest Rates of Kisan Credit Card is very low as compared to other Credit Card which are available in market right now. Given below i have given you all the details about the Interest Rates of Kisan Credit Card:
- Up to ₹2 lakh: Interest is charged at Applicable MCLR + 0.50%.Between
- ₹2 lakh to ₹5 lakh: The rate is Applicable MCLR + 1.00%.
- Above ₹5 lakh: The interest rate is Applicable MCLR + 1.50%.
Benefits of Kisan Credit Card 2024
There are many Benefits of Kisan Credit Card 2024 and given below I will give you all the information about the Benefits of Kisan Credit Card 2024:
Flexible credit: The Kisan credit card scheme provide both short term and long term credit facilities, helping farmers in there agricultural and financial needs
Low Interest: For short term loan up to 3 lakh, the Government of India offers 2% interest and if you take more than 3 lakh then interest can be little bit higher. But it will low Interest as compared to other credit card loans in India.
Processing Charges:
- Up to ₹5 lakh: No processing fee.
- ₹5 lakh to ₹10 lakh: 0.10% of the loan limit.
- Above ₹10 lakh: 0.25% of the loan limit.
Kisan Credit Card Eligibility Criteria
The eligibility criteria of Kisan credit card 2024 is given below:
- This Yojana is only available for farmers.
- This is available not only for rice farmers also for those farmers who have land and they cultivate any kind of food like apple etc.
- Farmer should be the resident of Jammu and Kashmir.
- Farmers who are also Employees are also eligible for this Scheme.
Documents Required for Kisan Credit Card
- Aadhaar Card
- Passport (if available)
- Voter ID
- Driver's License (if available)
- Utility Bill (e.g., electricity, water)
- Land Ownership Certificate
- Lease Agreement (if applicable)
- Income Certificate
- Recent Passport-sized Photographs
- Bank Passbook or Recent Bank Statement
How to apply for Kisan Credit Card
- Go to official website of JK Bank Kisan Credit Card Scheme 2024
- Check Eligibility: Ensure you meet the criteria.
- Gather Documents: Collect required documents like Aadhaar, proof of residence, and land records.
- Visit Bank: Go to your nearest bank branch offering KCC.
- Fill Form: Complete the KCC application form.
- Submit Application: Provide the form and documents to the bank.
- Receive Card: Wait for approval and receive your KCC.