Kisan Credit Card or KCC was introduced in 1998 with the help of the National Bank for Agricultural and Rural Development (NABARD) to provide easy and affordable credit to the farmers of India. The main objective of this scheme was to eliminate the non-institutional structure of borrowing to save farmers from falling into a +vicious debt cycle.
The benefits of KCC are aplenty. The chief among them is flexible repayment option, quick disbursement of the credit, a hassle-free application process, no credit limit and competitive interest rate.
Individuals who are wondering how to apply for a Kisan Credit Card can perform their registration online by following these steps –
Go to the official website of the financial institution.
Choose ‘Kisan Credit Card’ from other credit cards.
Click on apply.
This will forward individuals to the application page.
Duly fill the application form with necessary details and then click on submit.
After the submission, the system will generate an application reference number.
Save this number for future requirements.
Applicants who will fulfil the eligibility criteria will be contacted by the financial institution for further process. A date will be arranged for document verification and collection. If successful, the financial company will send the credit card to the registered address of the individual.
To successfully qualify for this card, applicants need to submit these basic documents –
KYC documents
Address proof
Land details
Passport size photos
Any additional documents that the lender require
According to the RBI guidelines, financial intuitions can decide the credit limit of any KCC according to their policies.
Those not eligible for KCC or seeking more benefits can apply for credit cards like the Bajaj Finserv RBL Bank SuperCard which comes with several industry-first features.
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