SBI Kisan Credit Card Application Form PDF Download
The SBI Kisan Credit Card Application Form in PDF format can be downloaded for free from the link provided below the article. You can also read the content online by using the link at the bottom.SBI KCC Application Form PDF.
SBI Kisan Credit Card Application Form
SBI KCC application form PDF / SBI Kisan credit card application form PDF. Read online or download free of charge from the link sbi.co.in given at the end of this article.Kisan credit card Yojana offers farmers in India a short-term revolving loan. The scheme was launched in August of 1998 to help farmers overcome any financial difficulties they may have faced during the cultivation, harvesting, and maintenance phases of their crops.
A cash credit facility is granted to a farmer. The farmer can use the credit for the purchase of seeds, manures, and pesticides. They can also pay for labor or sow in the field.
SBI KCC loan application form (Features and benefits)
- Interest is calculated at the savings bank rate for credit balances in KCC accounts.
- All KCC borrowers are eligible for a free State Bank Kisan Card (ATM/Debit Card).
- For loans up to Rs. 3 Lacs.
- For prompt repayments, there is an additional interest subsidy of 3% per year.
- Crop insurance is available for all KCC loan amounts.
- The amount of the loan will be calculated based on the cost of cultivation, harvest expenses and farm maintenance costs.
- The next 5-year loan will depend on the scale of financing.
- For KCC limits up to Rs. 1.60 lac.
- The maximum sanctioned KCC will be taken into consideration when determining collateral security requirements.
- The simple interest rate of 7% per annum will be charged up to the due date for repayment or one year.
- If you do not pay by the due date, interest will be charged at the card rate.
- Interest compounded every half-year on late payments.
- The repayment period can be determined by the harvesting and selling period anticipated for the crops that have been granted a loan.