The State Bank of India (SBI) Kisan Credit Card is tailored to meet the credit needs of Indian farmers. Backed by the Reserve Bank of India (RBI) and offered by SBI, this card provides access to short-term credit for various agricultural expenses. These include the purchase of seeds, fertilisers, pesticides, and other farming essentials. 

 

It also covers allied agricultural activities and household requirements. With flexible repayment options, competitive interest rates, and additional benefits like crop insurance, the SBI Kisan Credit Card ensures farmers can manage their finances efficiently while focusing on enhancing productivity.

Benefits of an SBI Kisan Credit Card

Some advantages of opting for a card from SBI under the Kisan Credit Card Scheme are as follows:

Access to Affordable Credit

The SBI Kisan Credit Card provides farmers with short-term credit at competitive interest rates starting as low as 4% per annum under the government’s interest subvention scheme.

Flexible Credit Limits

Farmers can get credit limits of up to ₹3.20 Lakhs for short-term needs with this credit card. The maximum limit for long-term credit is determined based on the proposed investments planned over the 5-year period. Additionally, the bank's assessment of the farmer's repayment capacity is also taken into account.

Simplified Loan Disbursement

With a streamlined application process, the card ensures quick and hassle-free disbursement of funds, enabling farmers to access credit within 7 working days.

Coverage for Multiple Expenses

The card supports diverse agricultural costs, including seeds, fertilisers, pesticides, irrigation, equipment maintenance, and other operational requirements, offering holistic financial support.

Insurance Protection

Cardholders are provided with crop insurance coverage under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and accidental insurance of up to ₹50,000 in case of death or disability.

Revolving Credit Facility

The Kisan Credit Card offers a revolving credit facility with no restrictions on withdrawals and repayments within the sanctioned limit, ensuring continuous access to funds.

Reasonable Repayment Tenure

Repayment terms are aligned with the crop cycle and marketing period, allowing farmers to repay the loan conveniently after harvest. The card is valid for 5 years and comes with an annual increase of 10% in the credit limit. However, the rise in the credit limit is subject to a review conducted by SBI and other relevant authorities.

Interest Subvention Scheme

Farmers can benefit from a 3% annual interest subvention for prompt repayment up to ₹3 Lakhs, reducing the effective interest burden.

Ease of Transaction

The card is compatible with ATMs, POS terminals, and online platforms, enabling cash withdrawals and seamless purchases for agricultural needs without unnecessary delays.

Support for Allied Activities

In addition to crop cultivation, the card can be used for allied agricultural activities such as dairy, poultry, and fisheries, ensuring comprehensive support for farmers across sectors.

SBI Kisan Credit Card Eligibility Criteria

Before you apply for this SBI credit card, ensure you fall into one of the following categories of applicants to qualify for the card:

  • Owner-cultivator Farmers: Individuals or joint borrowers who own and cultivate their land are eligible

  • Tenant Farmers and Sharecroppers: Farmers who lease land, sharecroppers, and oral lessees are eligible to apply

  • Farmer Groups: Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) of farmers, including tenant farmers and sharecroppers, can also apply for the card

 

Reach out to SBI to get a detailed understanding of the eligibility requirements before applying for this card.

Documents Required to Apply for an SBI Kisan Credit Card

You may be asked to furnish the following documents when applying for an SBI Kisan Credit Card:

  • Duly filled and signed application form

  • 2 passport-size Photographs

  • Proof of Identity: Any one of the following

    • Driving licence

    • Aadhaar card

    • Voter ID

    • Passport

  • Address Proof: Any one of the following

    • Driving licence

    • Aadhaar card

    • Utility bills

    • Ration card

  • A certified proof of landholding issued by the revenue authorities 

  • Details of the cropping pattern with the acreage

  • Collateral-related documents, as applicable

 

In addition to this, you may be asked to submit some extra documents depending on your eligibility and SBI’s policies.

How to Apply for SBI Kisan Credit Card

To apply for an SBI Kisan Credit Card online, you can follow these simple steps:

  • Visit the official website of the State Bank of India - https://sbi.co.in/ and click on the ‘AGRICULTURAL & RURAL’ option

  • Under the ‘Agriculture Banking’ tab, choose ‘Kisan Credit Card’ listed under the ‘Crop Loan’ section

  • Click on the ‘Application Form’ available on the left side of the screen

 

You can download this form and get a print out. Fill it and attach all the required documents mentioned above. Then visit a nearby SBI branch office and submit the form. Following this, a bank executive will guide you through the rest of the application process.

Frequently Asked Questions

How can I get an SBI Kisan Credit Card?

Visit your nearest SBI branch with proof of identity, landholding documents, and other required details. Fill out the application form and submit it for verification.

What is the benefit of the SBI Kisan Credit Card Scheme?

It provides affordable credit for agricultural and allied activities, flexible repayment options, insurance coverage, and access to funds tailored to crop cycles.

What is the limit of the SBI Kisan Credit Card?

The credit limit depends on factors like the type of crop, landholding size, and repayment capacity. It can go up to ₹3 Lakhs for short-term needs or more for long-term credit, based on the bank's assessment.

How can I check my SBI Kisan Credit Card account balance?

You can check the balance at your nearest SBI branch, ATM, or through SBI's online banking and mobile app services.

Can cardholders of SBI Kisan Credit Card get an additional insurance cover after enroll under this scheme?

Yes, cardholders receive insurance coverage for crops under PMFBY and personal accident insurance up to ₹50,000.

Does SBI have exclusive rural branches to address the needs of farmers?

Yes, SBI operates specialised rural and agricultural branches to cater to the needs of farmers and provide dedicated support.

✓ Fast Processing ✓ Great Discounts & Offers ✓ Easy EMI Facility | Apply for Credit Card now! Check Eligibility
Home
active_tab
Loan Offer
active_tab
CIBIL Score
active_tab
Download App
active_tab