Kisan Credit Cards are typically designed to provide comprehensive financial support to farmers so they can meet all their requirements for agriculture needs.
This is an initiative of the Government of India to relieve farmers of their financial issues as well as stop them from borrowing money from unorganized lenders at considerably high interest.
Moreover, the Kisan card apply process is also hassle-free, and it can be done both online and offline.
Application process:
Online:
Aspirant farmers have to visit the website of the finance provider and select Kisan Credit Card from the available options.
After clicking the “Apply” button, they have to fill the application form.
Applicants have to fill the form with their demographics and other details and click the “Submit” button.
The system generates an automated message carrying the reference number.
After processing the details, the financial company will contact the applicant for documentation. On successful verification, they will issue the credit card and send it to the provided address.
Offline:
To avail of Kisan Credit Cards offline, farmers are required to visit the branch of a financial institution.
The required documents to apply are a filled-up application form, copy of KYC documents, land documents, passport size photo of individuals, and any other security documents as per the concerned financier.
Benefits:
The repayment tenors are flexible and after harvest seasons.
It is an all-in-one loan facility with a simple disbursal process.
Farmers can avail cash discount facilities on specific purchases.
Applicants don’t require any further approval to withdraw money as per their requirements.
The credit limit is also flexible.
Moreover, Kisan card comes with personal accident and crop insurance plan.
Owner-cultivators, tenant farmers, sharecroppers, and lessee farmers can opt for this credit card to fulfill their agricultural necessities. Individuals can also opt for credit cards like the Bajaj Finserv RBL Bank SuperCard to avail more benefits.
