Here is an overview of the SBI Kisan Credit Card, its benefits, fees and charges, eligibility criteria and other essential details you need to know.
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.
Some advantages of opting for a card from SBI under the Kisan Credit Card Scheme are as follows:
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.
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.
With a streamlined application process, the card ensures quick and hassle-free disbursement of funds, enabling farmers to access credit within 7 working days.
The card supports diverse agricultural costs, including seeds, fertilisers, pesticides, irrigation, equipment maintenance, and other operational requirements, offering holistic financial support.
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.
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.
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.
Farmers can benefit from a 3% annual interest subvention for prompt repayment up to ₹3 Lakhs, reducing the effective interest burden.
The card is compatible with ATMs, POS terminals, and online platforms, enabling cash withdrawals and seamless purchases for agricultural needs without unnecessary delays.
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.
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.
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.
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.
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.
It provides affordable credit for agricultural and allied activities, flexible repayment options, insurance coverage, and access to funds tailored to crop cycles.
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.
You can check the balance at your nearest SBI branch, ATM, or through SBI's online banking and mobile app services.
Yes, cardholders receive insurance coverage for crops under PMFBY and personal accident insurance up to ₹50,000.
Yes, SBI operates specialised rural and agricultural branches to cater to the needs of farmers and provide dedicated support.