The Kisan Credit Card is a special option that is provided to farmers so that they can have access to low-funding from a bank. This scheme was launched by the Government of India in 1998 and the main aim behind this scheme was to provide short-term financial credit to farmers. Initially, farmers were bound to get capital or credit through the informal sector. This typically resulted in high-interest rates and a subsequent debt trap for the farmers. As a result, the KCC scheme seemed to be beneficial as it offered credit at lower interest rates.
The KCC will also help farmers gain credit without any hassle and in a timely manner. In addition, the farmer would also be provided with a passbook that consists of their name, photograph, credit limit, validity, and other details. However, the KCC has a few eligibility criteria to avail of the same. Let’s have a detailed look into the Kisan card eligibility criteria in order to apply for KCC.
The farmers who apply for KCC have to ensure that they qualify a few eligibility criteria in order to apply for KCC. Here is the list of eligibility for KCC. Ensure that you fall under any one of the following categories.
The farmer applying for KCC should reside or live in the same jurisdiction as that of the given bank.
Farmers who are individuals or joint borrowers of the land on which cultivation happens.
Cultivators as well as individual landowners.
Farmers who are tenant farmers, croppers(shared croppers) of the cultivable lands, and ones who are on oral leases.
Joint liability groups or self-help groups that are formed by tenant farmers or sharecroppers.
The farmers who are applying should be able to raise a production credit of Rs. 5,000 or more.
Farmers with a minimum age of 18 years and a maximum age of 75 years.
If the borrower is more than 60 years of age, a co-borrower who is a legal heir is mandatory.
The eligibility of the Kisan Credit Card also extends to animal husbandry and fisheries.
Marine fisheries - Owning a registered boat or a fishing vessel along with a license or permission for fishing in estuaries or the sea is mandatory.
Inland fisheries and aquaculture - Self-help groups, JLGs, fish farmers, and women groups are eligible.
Poultry - SHGs, JLGs, tenant farmers of rabbits, goats, sheep, birds, poultry, should have sheds that are either owned, elapsed, or rented.
Dairy - JLGs, SHGs, dairy farmers, tenant farmers, and farmers should lease, own, or rent sheds.
While applying for KCC has certain eligibility criteria, there are certain factors that can affect your PM Kisan Card eligibility criteria.
Residing in the same jurisdiction as that of your bank is one of the requirements. Although not mandatory, it can drastically boost your chances of availing of a Kisan Credit Card and also supports your eligibility criteria for a Kisan Credit Card.
It is necessary for farmers to be older than 18 years of age. For farmers who are younger, KCC will not be granted. Similarly, it is crucial to be lesser than 75 years of age. Farmers older than 75 will not be offered KCC.
Having a registration and a license for fishing can help improve your chances of eligibility and procuring KCC. Ultimately, your KCC card eligibility improves if you have a license.
To avail of the Axis bank Kisan Credit Card, here are the Kisan Credit Card Scheme eligibility criteria.
The minimum age of the applicant must be 18.
The maximum age of the applicant must be 75 at the end of the loan’s tenure.
Applicants who are over 60 years of age require a co-borrower who is a legal heir or their immediate kin.
Joint holding is allowed. However, only a maximum of 5 people can be involved in a joint holding.
State Bank of India offers the Kisan Credit card and has a PM Kisan card eligibility criteria that have to be met.
Farmers irrespective of whether they are joint cultivator owners, individuals, oral lessees, tenant farmers, or sharecroppers, can apply for the Kisan Credit card.
Joint liability groups and self-help groups that include tenant farmers can also apply for a credit card.
You can also check for your KCC eligibility in Hindi or any other regional languages at any of these partner banks.
Applying for Kisan Credit Card has some documentation requirements for Kisan Credit Card. Here is a list of documents that you have to keep ready so that you can begin with the application in an easy and hassle-free manner.
Completely filled and signed application form
ID Proof such as PAN card, Aadhar Card, Driver’s license, Passport, Voter’s ID, etc.
Address Proof such as your Ration cars, utility bills from the previous 3 months, PAN card, Aadhar Card, Driver’s license, Passport, Bank account statement, Voter’s ID, etc.
Passport size photograph of the applicant
Other documents like security PDC in case it is requested by the bank
More About Payments & Other Credit Cards
The Kisan Credit Card age limit is at a minimum of 18 years and the maximum limit is 75 years. If the applicant is above 60 years of age, a co-borrower who is a legal heir or immediate kin is mandatory.
Different banks have different eligibility criteria. The eligibility criteria have been discussed in detail above in the eligibility criteria section.
To start the application process for Kisan Credit Card, you would require ID proof, Address proof, passport-size photographs, land documents, and other security documents as requested by the issuing bank.