Know how to manage your farming expenses efficiently with the Axis Bank Kisan Credit Card
The Axis Bank Kisan Credit Card is a financial product designed to provide farmers with timely credit for their agricultural needs. It can be used by the farmers to support cultivation expenses, fund farm equipment and machinery, and cover domestic needs.
Here are the key benefits:
The Kisan Credit Card ensures you have access to sufficient funds when needed, supporting cultivation activities, purchasing agricultural inputs, and meeting investment requirements.
You can choose between cash credit with a tenure of up to 1 year or term loans with repayment periods extending up to 7 years. This flexibility accommodates your farming cycles and marketing timelines.
Farmers can avail of loans of up to ₹250 Lakhs, catering to a variety of financial needs, including large-scale investments in land, machinery, or farm development.
The card also provides coverage for crops and includes insurance benefits, offering financial protection in case of unforeseen events or losses.
The credit can be utilised for diverse purposes such as:
Purchasing farm machinery or tools.
Land development and maintenance.
Repairing existing equipment.
Meeting household needs like children’s education or family events.
The Axis Bank Kisan Credit Card scheme offers loans at competitive interest rates, ensuring cost-effective financial support for your farming operations.
With access to a dedicated relationship manager, you can enjoy personalised guidance and support for managing your credit needs efficiently.
To qualify for the Axis Bank Kisan Credit Card, you must meet the following criteria:
Minimum Age: 18 years
Maximum Age: 75 years (at the end of the loan tenure)
If the borrower is above 60 years, a co-borrower under 60 years is mandatory. The co-borrower must be an immediate family member or legal heir.
The card allows joint holding with up to 5 individuals across single or multiple locations, offering flexibility for shared ownership and responsibility
To apply for the Axis Bank Kisan Credit Card Yojana, you need to provide the following documents:
Passport
Aadhaar Card
Voter ID
PAN Card
Water Bill
Electricity Bill
Driving Licence
Recent photographs are required for the application
A duly filled application form is mandatory for submission
Ensure all documents are valid and up to date to avoid delays in processing your application.
Follow these simple steps to apply online:
Visit the official Axis Bank website
Place cursor on the ‘Explore Products’ and Select ‘Agri and Rural’
Navigate to the ‘Loans’--Kisan Credit Card section
Click on the Kisan Credit Card option and you will be taken to https://www.axisbank.com/agri-and-rural/loans/kisan-credit-card
Click on the 'Apply Now' button to start your application
Fill out the required details in the application form accurately
Submit the form by clicking on the 'Submit' button
After submission, note the reference number generated for tracking your application status.
Production Credit: 8.85% to 13.10%
Investment Credit: 8.85% to 14.10%
A 4% charge on the individual sanction limit, along with applicable taxes, is levied for foreclosure or prepayment of the loan
Axis Bank offers interest subvention loans under Government Schemes, providing additional benefits to eligible borrowers
The Axis Kisan Credit Card offers high-value loans with a maximum limit of up to ₹250 Lakhs, catering to various agricultural and allied needs.
The minimum age to apply is 18 years, and the maximum age is 75 years at the end of the loan tenure. For applicants above 60 years, a co-borrower under 60 years is mandatory.
The Kisan Credit Card limit in Axis Bank depends on the type of loan, with production and investment credit limits extending up to ₹250 Lakhs.