Get Kisan Credit Card Loan, Finance Minister Launches Kisan Run Portal

As of March 30, there were about 735 million KCC accounts, with a total sanctioned credit limit of Rs 8.85 trillion. In the current financial year, the government has disbursed agricultural loans worth a total of Rs 6,573.50 crore at preferential interest rates from April to August, official data shows. Additionally, the benefits of the Kisan Credit Card Scheme can be extended to additional farmers, as non-KCC holders have been identified through the PM Kisan programme.

Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar launched Kisan Run Portal. Through this portal, Kisan Credit Card (KCC) holders can avail the benefits of subsidized loans.

Benefits of Kisan Run Portal

The PM Kisan Run Portal, a digital platform, will provide information on farmers’ data, updates on loan disbursements, interest subsidy, and overall progress of the scheme. Union Finance Minister Nirmala Sitharaman has promised banks’ full cooperation to ensure the success of the door-to-door CC Abhiyan.

What is Kisan Credit Card (KCC)?

The Kisan Credit Card Scheme (KCC) was launched in 1998 based on a model blueprint formulated by the National Bank for Agriculture and Rural Development (NABARD). The main objective of the Kisan Credit Card Scheme was to streamline the procedure for farmers to get quick and adequate loans. It was designed to help farmers purchase agricultural essentials such as seeds, fertilizers, pesticides, and related efforts.

KCC includes financial support for post-harvest expenses, personal consumption needs, and investment in agricultural and allied projects. The program is run by commercial banks, regional rural banks and cooperative societies.

Kisan Credit Card Eligibility

• Individual farmers who are owner/cultivators.

• Joint borrowers, including tenant farmers, sharecroppers, etc.

• Self-help groups or collective responsibility groups of farmers.

• Farmers are engaged in agricultural and related activities.

• Fishermen, fishermen, SHGs, JLGs, and women’s groups.

• Fishermen who have registered/recognised traditional fishing boats and who have the necessary license or permit for sea fishing.

• Poultry farmers, including owners of layer/broiler birds.

• Dairy farmers, dairy entrepreneurs, SHGs, JLGs, and tenant farmers who own milch animals or those who lease land for dairy farming.

How to Apply for Kisan Credit Card?

To apply for a Kisan Credit Card, you have the option to follow the online or offline procedure.

Online Application Process

1. Start by visiting the website of the bank where you plan to apply for a Kisan credit card.

2. Go to the list of available options and select “Kasan Credit Card”.

3. Click on the “Apply” option, which will redirect you to the application page.

4. Complete the form by providing the required details, and then click “Submit”.

5. Upon submission, you will receive an application reference number.

6. If you meet the eligibility criteria, the bank will contact you within 3-4 working days to proceed further.

Offline application process

Alternatively, you can opt for the offline application process. This can be done by visiting the bank branch of your choice or by downloading the application form from the bank’s website. With the help of a bank staff member, you can start the application process at the branch. After all the requirements are met, the bank’s loan officer will guide the farmer through the loan approval process.

First Published: 21 Sep 2023, 10:15 IST