Kisan Credit Card (KCC)

The Kisan Credit Card Scheme is a transformative initiative aimed at empowering farmers across India by providing them with easy access to affordable credit. Introduced by the Government of India in 1998, this scheme addresses the financial challenges faced by farmers, enabling them to meet agricultural and ancillary expenses without falling prey to high-interest loans from informal sources.

What is the Kisan Credit Card Scheme?

The Kisan Credit Card Scheme is a government-backed initiative designed to provide farmers with short-term credit for agricultural and allied activities. It enables them to access funds quickly and repay them conveniently, reducing their dependency on informal lenders.

Key benefits of the Kisan Credit Card Scheme:

• Affordable credit: Farmers can avail loans at subsidised interest rates, minimising their financial burden.
• Flexible repayment options: The scheme offers repayment tenures aligned with crop cycles, ensuring farmers have ample time to repay.
• Subsidies: Eligible farmers can benefit from government subsidies on interest, reducing their effective borrowing cost.
• Crop insurance: The KCC scheme includes coverage against crop failure due to natural calamities, ensuring financial protection.
• Convenience: Farmers can use their KCC like a debit card to withdraw funds as needed, up to their approved credit limit.

Why it matters: With the KCC scheme, farmers can focus on improving productivity and profitability without worrying about financial constraints.

To apply for a Kisan Credit Card, farmers need to submit specific documents that verify their identity, income, and landownership. Keeping these documents ready can streamline the application process.

List of required documents:

1. Identity proof: Aadhaar card, PAN card, or voter ID.
2. Address proof: Utility bills, ration card, or Aadhaar card.
3. Land ownership proof: Documents such as land records or tenancy agreements.
4. Income proof: Certificate issued by the relevant authority to validate agricultural income.
5. Photographs: Passport-sized photographs of the applicant.

Pro Tip: Farmers can expedite the application process by keeping scanned copies of these documents ready for online submission.

As a Bajaj Finserv customer, you can easily access your Kisan Credit Card details online through their secure platform. Follow these simple steps to check your card information:

1. Login: Visit the Bajaj Finserv website or app and log in using your registered mobile number or email ID.
2. Navigate: Go to the ‘Service’ section and select ‘Kisan Credit Card.’
3. View details: Access key information such as your card number, outstanding balance, interest rate, and credit limit.

Log in now to view your Kisan Credit Card details and stay updated on your account status.

How to apply for a Kisan Credit Card

Applying for a Kisan Credit Card through Bajaj Finserv is a straightforward process. Here is a step-by-step guide to help you:

1. Visit the platform: Go to the Bajaj Finserv website or app.
2. Complete the application form: Fill in your personal, income, and landownership details accurately.
3. Upload documents: Submit scanned copies of the required documents.
4. Verification: Bajaj Finserv will verify your application and documents.
5. Approval: Once approved, your KCC will be issued, and you can start using it for your farming needs.

Note: Ensure that all details provided are accurate to avoid delays in the approval process.